Planet 13 Completes Exit From California With Sale of Retail and Cultivation Assets

Planet 13 Holdings Inc. has substantially completed its exit from the California market, finalizing the divestiture of its Orange County retail and distribution licenses and closing the sale of its cultivation property in Coalinga. The company is also advancing the transfer of its cultivation license to the buyer, marking the near completion of its planned departure from California. These steps are part of Planet 13's strategy to streamline operations and focus on its core growth markets in Nevada and Florida. According to Planet 13, the exit reduces operating complexity and overhead, allowing management to concentrate resources on expansion and operational excellence in its primary markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Planet 13 Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9653804-en) on February 12, 2026, and is solely responsible for the information contained therein.