LAS VEGAS, July 12, 2022 – PRESS RELEASE – Planet 13 Holdings Inc., a leading vertically integrated multistate cannabis company, applauds the Nevada Cannabis Compliance Board on the passing of Nevada cannabis lounge legislation. The company intends to apply for a lounge license and expects to be a successful applicant.

The initial plan is to convert Planet 13’s Trece restaurant space to a consumption lounge, restaurant and entertainment experience. The Planet 13 Entertainment Complex will be the first of its kind space where a consumer can watch products being made, purchase and consume all under one roof. A true luxury, tourist friendly lounge close to the Las Vegas strip.

“Our location close to the Las Vegas strip is ideal for a cannabis consumption lounge and we look forward to converting Trece restaurant to a full-service lounge to host our visitors in a first of its kind, exciting environment characteristic of the Planet 13 experience,” said Bob Groesbeck, co-CEO of Planet 13. “By converting our existing restaurant, we can quickly build a world class lounge in a cost-efficient manner and begin to serve customers sooner.”

Trece is currently an approximately 4,500-square-foot restaurant permitted for occupancy of up to 388 people. The planned conversion would allow on-site consumption under the Nevada regulations approved on June 28, 2022.

For more information on Planet 13, visit the investor website.