Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On July 27, 2026, Vireo Growth Inc., a British
Columbia corporation (“Vireo”), and Planet 13 Holdings Inc., a Nevada corporation (“Planet 13”), issued a
joint press release announcing the entry into an Agreement and Plan of Merger (the “Merger Agreement”), dated as of July
26, 2026, by and among Vireo, Planet 13 and Supernova Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Vireo
(“Merger Sub”). Pursuant to the Merger Agreement, Merger Sub will merge with and into Planet 13 (the “Merger”),
with Planet 13 continuing as the surviving corporation of the Merger as a direct wholly owned subsidiary of Vireo.
A copy of the joint press release is attached
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Additional Information and Where to Find It
In accordance with the Merger Agreement, Vireo
intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (the “Registration
Statement”) which will include a proxy statement/prospectus and certain other related documents, which will serve as both the proxy
statement to be distributed to Planet 13’s stockholders in connection with its solicitation for proxies for the vote by its stockholders
in connection with the Merger and other matters to be described in the Registration Statement, as well as the prospectus relating to
the offer and sale of the securities to be issued to Planet 13’s equity holders in connection with the completion of the Merger.
Planet 13 also intends to file relevant materials with the SEC and applicable Canadian securities regulators, including preliminary and
definitive proxy statements relating to the Merger. The definitive proxy statement and other relevant documents will be mailed to Planet
13’s stockholders as of the record date established for voting on the Merger. This communication is not a substitute for the Registration
Statement, the definitive proxy statement/prospectus or any other document that may be filed with the SEC or be mailed to Planet 13 stockholders
in connection with the Merger.
BEFORE MAKING ANY DECISION, PLANET 13 STOCKHOLDERS
ARE URGED TO CAREFULLY READ THE REGISTRATION STATEMENT, DEFINITIVE PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE
INTO THE PROXY STATEMENT AS, IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER.
Any vote in respect of resolutions to be proposed
at Planet 13’s stockholder meeting to approve Merger or other proposals in relation to the Merger should be made only on the basis
of the information contained in Planet 13’s proxy statement/prospectus. You will be able to obtain a free copy of the Registration
Statement, proxy statement/prospectus and other related documents (when available) filed with the SEC at the website maintained by the
SEC at www.sec.gov or by accessing the Investor Relations section of Planet 13’s website at https://investors.planet13.com/. The
information found on, or otherwise accessible through, Planet 13’s website is not incorporated by reference into, nor does it form
a part of, this Current Report on Form 8-K or any other document that Planet 13 files with the SEC.
Participants in the Solicitation
Planet 13 and its directors and executive officers
and certain of its employees may be deemed to be participants in the solicitation of proxies from Planet 13’s stockholders in connection
with the Merger. Information regarding Planet 13’s directors and executive officers is set forth under the captions “Proposal
No. 1: Election of Directors,” “Corporate Governance,” “Executive Officers,” “Executive Compensation,”
“Director Compensation,” “Executive Compensation Tables,” “Director Compensation” and “Security
Ownership of Certain Beneficial Owners and Management” in the definitive proxy statement for Planet 13’s Annual General Meeting
of Stockholders, filed with the SEC on April 29, 2026 (the “Annual Meeting Proxy Statement”). To the extent the holdings
of Planet 13’s securities by its directors or executive officers have changed since the amounts set forth in the Annual Meeting
Proxy Statement, such changes have been or will be reflected on Forms 3, 4 and 5, filed with the SEC.
These documents may be obtained free of charge
from the SEC’s website at www.sec.gov or by accessing the Investor Relations section of Planet 13’s website at https://investors.planet13.com/.
Additional information regarding the interests of participants in the solicitation of proxies in connection with the Transaction will
be included in the proxy statement/prospectus that Vireo expects to file in connection with the proposed Merger and other relevant materials
Planet 13 may file with the SEC and applicable Canadian securities regulators.
Vireo, its directors, executive officers, other
members of management, and employees, under SEC rules, may be deemed participants in the solicitation of proxies of Planet 13’s
stockholders in connection with the Merger. A list of the names of such directors and executive officers and information regarding their
interests in Vireo is contained in the sections entitled “Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters” and “Directors, Executive Officers and Corporate Governance” of Vireo’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on March 17, 2026, and which is available free of charge at
the SEC’s website at www.sec.gov. Additional information regarding the interests of such participants will be contained in the
Registration Statement when available.
No Offer or Solicitation
This Current Report on Form 8-K is not intended
to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation
of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities
shall be made in the United States absent registration under the Securities Act of 1933, as amended (the “Securities Act”),
or pursuant to an exemption from, or in a transaction not subject to, such registration requirements. No offer of securities shall be
made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. No securities commission or securities
regulatory authority in the United States or any other jurisdiction has in any way passed upon the merits of the Merger or the accuracy
or adequacy of this communication.