[PRESS RELEASE] – LAS VEGAS, April 1, 2025 – Planet 13 Holdings Inc., a leading vertically integrated multistate cannabis company, announced that it granted Restricted Stock Units (RSUs) to certain of its officers, directors and employees after market close on March 31, 2025.

Pursuant to the terms of the company’s 2023 equity compensation plan that was previously approved by shareholders, a total of 13,776,345 RSUs were awarded to officers, directors, and employees. There were 9,255,085 RSUs awarded to directors and officers, and 4,521,260 were awarded to employees.

All RSUs will vest in three equal tranches on May 16, 2026, May 16, 2027, and May 16, 2028, unless otherwise varied pursuant to the terms of the plan.