Planet 13 Holdings is trading 5.3% down at $0.11 as shares ease following a sharp run-up on news of its acquisition by Vireo Growth.
- Over the weekend, the company agreed to be acquired by Vireo Growth in an all-stock deal at a roughly 24% premium to its July 24 closing price.
- Today’s pullback likely reflects market digestion of the takeover terms and profit-taking following the initial price surge.