LAS VEGAS, Dec. 5, 2022 – PRESS RELEASE – Planet 13 Holdings Inc., a leading vertically integrated multistate cannabis company, announced that its subsidiary MM Development Company Inc. has received approval for a Nevada consumption lounge from the Nevada Cannabis Compliance Board. The Planet 13 Entertainment Complex will be the first-of-its-kind space where consumers can watch products being made, purchase and consume all under one roof. This luxurious, tourist-friendly lounge, close to the Las Vegas Strip, is expected to elevate the already incredible Planet 13 experience.

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"We are thrilled to be moving forward with our plan to bring a world-class cannabis consumption lounge next to the Las Vegas Strip," said Larry Scheffler, co-CEO of Planet 13. "Planet 13 has always been about offering new and one-of-a-kind immersive experiences for customers. We look forward to once again pushing the envelope and expanding people's minds about what cannabis can be."

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

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