Planet 13 Holdings on Wednesday announced its subsidiary would acquire Exhale Dispensary in Las Vegas and related assets for $6.9 million.
The acquisition includes a 3,158-square-foot marijuana retail store in Las Vegas, the associated medical and recreational retail license, cannabis inventory and other assets.
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Under the deal, which must be approved by the Nevada Cannabis Compliance Board, Planet 13 will pay Exhale Brands Nevada $4 million in cash at the time of closing and $2.9 million – plus the value of cannabis inventory at closing – through a promissory note due a year from closing and secured by the acquired assets.
The buy bolsters Planet 13’s operations in Nevada, where it operates a 112,000-square-foot store adjacent to the Las Vegas Strip and
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