Planet 13 Announces Release Date of Third Quarter 2025 Financial Results

Rhea-AI Summary

MAX Power Mining Corp (CSE: MAXX; OTC Pink: MAXXF; FSE: 89N) announced an additional non-brokered private placement expected to issue up to 5,681,818 Units at $0.22 per Unit. Each Unit includes one common share and one warrant exercisable at $0.29 for 24 months. Combined with prior offerings, the company expects to raise up to $4.45 million in gross proceeds. Proceeds are intended for exploration of Natural Hydrogen properties in Saskatchewan and for working capital.

Issued securities will carry a four-month plus one day statutory hold and the company may pay finders' fees. Warrants include a discretionary acceleration clause if the share price closes at $0.40+ for 10 consecutive trading days.

Positive

• Expected gross proceeds of $4.45 million
• Unit financing priced at $0.22 per Unit
• Warrants exercisable at $0.29 for 24 months
• Proceeds earmarked for Saskatchewan Natural Hydrogen exploration

Negative

• Issuance causes immediate share dilution via 5,681,818 Units
• Securities subject to four-month plus one day statutory hold
• Potential finder's fees increase transaction cost
• Warrant acceleration can force early expiry after a $0.40 price trigger

LAS VEGAS, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, announced today that it plans to release its financial results for the third quarter ended September 30^th, 2025, on November 12^th, 2025, aftermarket.

Planet 13 will host a conference call on November 12^th, 2025, to discuss its third quarter financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Steve Mclean, Interim CFO.

CONFERENCE CALL DETAILS

Date: November 12, 2025 | Time: 5:00 p.m. ET

Call registration link: Link

About Planet 13

Planet 13 (https://planet13.com) is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 operates dispensaries across Florida, a key market in its expansive footprint. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit planet13.com.

Forward-Looking Statements

This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such “plans”, “expects”, “proposed”, “may”, “could”, “would”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases. In this news release, forward-looking statements relate to the Company’s third quarter 2025 financial performance and expectations for future financial performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and any of the Company’s subsequent periodic reports filed with the U.S. Securities and Exchange Commission at www.sec.gov and on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further inquiries, please contact:

Robert Groesbeck or Larry Scheffler / Co-Chief Executive Officers
ir@planet13lasvegas.com

LodeRock Advisors Inc., Planet 13 Investor Relations
mark.kuindersma@loderockadvisors.com
725-331-7650 ext. 105210

Planet 13 Media:
Colin Trethewey / PRmediaNow Communications / Colin@PRmediaNow.com  

FAQ

How many Units is MAX Power (MAXX) planning to issue in the July 2025 offering?

The company plans up to 5,681,818 Units in the additional private placement.

What is the Unit price and warrant terms for MAX Power's offering?

Each Unit is $0.22 and includes a warrant exercisable at $0.29 for 24 months.

How much total gross proceeds does MAX Power expect to raise including prior financings?

Combined with prior offerings, MAX Power expects to raise up to $4.45 million in gross proceeds.

What will MAX Power use the proceeds from the private placement for?

Proceeds are intended for exploration of Natural Hydrogen properties in Saskatchewan and working capital.

Are the securities from MAX Power's offering subject to resale restrictions?

Yes, all issued securities will be subject to a statutory hold period of four months plus one day.

What is the warrant acceleration clause in MAX Power's financing?

If the share closing price is $0.40 or higher for 10 consecutive trading days, the company may accelerate warrant expiry to 30 days after notice.