Planet 13 Holdings Inc. (“Planet 13” or the “Company“) (CSE:PLTH)(OTCQX:PLNHF) and Next Green Wave Holdings Inc. (“Next Green Wave” or “NGW“) (CSE:NGW)(OTCQX:NXGWF) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement“) pursuant to which Planet 13 will acquire all of the issued and outstanding common shares (the “NGW Shares“) of NGW, by way of a court approved plan of arrangement, for total consideration of approximately C$91 million (the “Transaction“).