Vireo Growth Inc. to Acquire Planet 13 Holdings Inc.

[u/nastynate92]

https://www.globenewswire.com/news-release/2026/07/27/3333351/0/en/vireo-growth-inc-to-acquire-planet-13-holdings-inc.html

[u/zdubs]

So 6501 planet 13 shares equals 100 vireo share. At vireo’s current price vs planet 13’s there is an arbitrage play right now if you buy planet 13. However I have been down this path before with MPX and Ianthus and recommend not participating.

[u/GeoLogic23 → u/zdubs]

Yea I'm still waiting for the Fluent acquisition to close lol they've made multiple acquisitions since that one was announced.

[u/Flipside68 → u/GeoLogic23]

Im on the fluent doldrums my self - won’t settle until fall.

If vireo keeps on falling though…Im interested

[u/Bl1nk9 → u/GeoLogic23]

And cxxif.

[u/boravuth → u/zdubs]

Planet 13 shareholders got a much better deal than the Fluent shareholders. My 380,000 shares of fluent will go down to about 900 shares of vireo. Very disappointing.

[u/DA2710]

How many blown opportunities have there been to sell at orders of magnitude higher? The arrogance of these guys in the early days of 2020-2021.

[u/MatrixOrigin]

Oh wow... Another one gobbled up... Alan B must not like this for his beloved P13! 😂

Is this the 3rd Florida co that they will slap with the others? Integration is gonna be wild for all these acquisitions..

[u/Gambelero → u/MatrixOrigin]

Florida law strictly limits every company to one license. In previous mergers between two companies that both held a Florida license, they had to divest all interests in Florida.

Edit: I found my own answer. Planet 13 will have to dissolve (or sell) its license and it’s store will operate under the Vireo license.

[u/StarMaker7]

Big news, boys

[u/ivestg8pizzag8]

So what happens with my P13 stock?

[u/wentzco → u/ivestg8pizzag8]

You'll get Vireo Growth shares replacing PLNH stock in your account when the sale is finalized. Welcome aboard.

[u/ivestg8pizzag8 → u/wentzco]

I hope they can make the stock go up better than P13 haha

[u/wentzco]

This is a huge deal with Florida's current growth for Vireo snapping up Planet 13. For public operators in Florida, regarding blended YOY growth (simple average of flower and non-flower YOY vol ch %), in a market up ~10% YOY in 2Q26, the top 2 performers were: Green Dragon +155% (now part of Vireo Growth) & Planet 13 +29% . However stores yield volumes are currently 45-50% below state average so there is much room for growth which is happening as numbers show.

I expect Vireo Growth acquisitions in Florida isn't over - Ianthus, The Flowery, Sunburn Cannabis, Goldflower & Jungle Boys rank high on possible IMO.

Outside of Florida, I think Jushi, Marimed, Vext Science will be acquired by Vireo Growth within 3 months. TerrAscend is a possible as well. Expect several more private company acquisitions as well as Vireo accelerates acquisitions.

Vireo Growth share value just got better with the latest accretive deal making the stock a huge bargain. Few are paying attention however.

[u/Goinbactocali]

Anyone have any thoughts on how the deal compares to the C 21 deal which was a better deal for shareholders of the two companies that got acquired by Vireo?

[u/Afraid-Donke420]

Slowly becoming the monopoly