PHILADELPHIA, August 3, 2026 – Cozen O’Connor advised Planet 13 Holdings Inc. (OTCQX: PLNH) (Planet 13), a vertically integrated multi-state cannabis company, in its definitive merger agreement for the sale of all its issued and outstanding equity interests to Vireo Growth Inc. (OTCQX: VREOF), a vertically integrated cannabis company and agricultural markets platform. The transaction is expected to add 36 dispensaries and three active cultivation and production assets across Nevada, Florida, and Illinois; provide expansion capabilities of up to 2.3 million square feet of cultivation and production in Nevada, a distribution license, and a cannabis consumption lounge license; and enhance Vireo’s operating scale in two key markets, Nevada and Florida, while strengthening its pending initial platform in Illinois.
The closing of the transaction is subject to the satisfaction of certain closing conditions, including obtaining applicable regulatory approvals. The Cozen O’Connor team is led by Joseph C. Bedwick and includes Kevin Roggow, Eileen T. Salimbene, Colleen Rush, Rainey Muth, Rana Ozer, Richard J. Silpe, John E. Ludlum, Kelly T. Kindig, Thomas M. O’Rourke, Lucy Schilling, David B. Sunshine, and Benjamin Mishkin.
Cozen O’Connor’s Corporate Practice provides sophisticated counsel to a diverse set of businesses and entrepreneurs ranging from Fortune 500 and other multinational companies to mid-cap companies. The firm’s corporate attorneys assist clients from a wide range of industries in issues related to corporate governance, mergers and acquisitions, securities, tax, finance, and health law.
About Cozen O’Connor
Established in 1970, Cozen O’Connor has more than 1,000 attorneys who help clients manage risk and make better business decisions. The firm counsels clients on their most sophisticated legal matters in all areas of the law, including litigation, corporate, and regulatory law. Representing a broad array of leading global corporations and middle market companies, Cozen O’Connor serves its clients’ needs through 35 offices across two continents.