World 13 Reveals Velocity of Expiration Date of Exceptional PLTH.WT Warrants

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LAS VEGAS, NV/ ACCESSWIRE/ December 23, 2020 / World 13 Holdings Inc. (CSE: PLTH)( OTCQB: PLNHF) (“ World 13” or the “ Business“), a leading vertically-integrated Nevada cannabis business, revealed today that it has actually chosen to speed up the expiration date of 1,302,650 exceptional typical share warrants (the “Warrants”) released on December 4, 2018 and trading under the ticker sign “PLTH.WT”. Each Warrant might be worked out to obtain one typical share of World 13 (a “Typical Share”) at a workout rate of CDN$ 3.75 per share (the “Workout Cost”), for gross earnings to the Business of as much as CDN$ 4,884,937.50 if all Warrants are worked out.

Under the regards to the Warrants, World 13 is allowed to speed up the expiration date of the Warrants if the everyday volume weighted typical closing rate of the Typical Shares on the Canadian Securities Exchange amounts to or higher than CDN$ 5.00 for any 20 successive trading day duration (the “Velocity Trigger”). World 13 is delighted to validate that a Velocity Trigger happened since December 18, 2020. Appropriately, World 13 has actually selected to speed up the expiration time of the Warrants to 5:00 p.m. (Toronto time) on January 28, 2021 (the “Accelerated Expiration”). Notification of the Accelerated Expiration will be provided to the Odyssey Trust Business, the warrant representative, and all signed up holders of Warrants efficient December 22, 2020, in accordance with the regards to the warrant indenture governing the Warrants.

For additional information on World 13, go to the financier site.

About World 13

World 13 (www.planet13holdings.com) is a vertically incorporated cannabis business based in Nevada, with acclaimed growing, production and dispensary operations in Las Vegas– the home entertainment capital of the world. World 13’s objective is to construct an identifiable international brand name understood for first-rate dispensary operations and a developer of ingenious cannabis items. World 13’s shares trade on the Canadian Stock Market (CSE) under the sign PLTH and OTCQX under the sign PLNHF.

Cautionary Note Concerning Forward-Looking Details

This press release consists of “positive info” and “positive declarations” (jointly, “positive declarations”) within the significance of relevant Canadian securities legislation. All declarations, besides declarations of historic truth, are positive declarations and are based upon expectations, quotes and forecasts as at the date of this press release. Any declaration that includes conversations with regard to forecasts, expectations, beliefs, strategies, forecasts, goals, presumptions, future occasions or efficiency (typically however not constantly utilizing expressions such as “anticipates”, or “does not anticipate”, “is anticipated”, “prepares for” or “does not expect”, “strategies”, “spending plan”, “set up”, “projections”, “quotes”, “thinks” or “means” or variations of such words and expressions or mentioning that particular actions, occasions or outcomes “might” or “might”, “would”, “may” or “will” be required to take place or be accomplished) are not declarations of historic truth and might be positive declarations.

These positive declarations are based upon affordable presumptions and quotes of management of the Business at the time such declarations were made. Real future outcomes might vary materially as positive declarations include understood and unidentified threats, unpredictabilities and other elements which might trigger the real outcomes, efficiency or accomplishments of the Business to materially vary from any future outcomes, efficiency or accomplishments revealed or indicated by such positive declarations. Such elements, to name a few things, consist of: threats connected with COVID-19 and other contagious illness providing as significant health problems; changes in basic macroeconomic conditions; changes in securities markets; expectations relating to the size of the Nevada and California cannabis market and altering customer practices; the capability of the Business to effectively accomplish its company goals; prepare for growth; political and social unpredictabilities; failure to get appropriate insurance coverage to cover threats and dangers; and the existence of laws and policies that might enforce limitations on growing, production, circulation and sale of cannabis and cannabis associated items in the State of Nevada; and worker relations. Although the positive declarations consisted of in this press release are based upon what management of the Business thinks, or thought at the time, to be affordable presumptions, the Business can not ensure investors that real outcomes will follow such positive declarations, as there might be other elements that trigger results not to be as expected, approximated or planned. Readers need to not put excessive dependence on the positive declarations and info consisted of in this press release. The Business presumes no responsibility to upgrade the positive declarations of beliefs, viewpoints, forecasts, or other elements, need to they alter, other than as needed by law.

The Business is indirectly associated with the manufacture, belongings, usage, sale and circulation of cannabis in the leisure and medical cannabis market in the United States through certified subsidiary entities in states that have actually legislated marijuana operations, nevertheless, these activities are presently prohibited under United States federal law. Extra info concerning this and other threats and unpredictabilities connecting to the Business’s company, consisting of COVID-19, are consisted of under the heading “Threat Elements” and in other places in the Business’s yearly info type dated April 13, 2020 submitted on its company profile on SEDAR at www.sedar.com

No stock market, securities commission or other regulative authority has actually authorized or disapproved the info consisted of herein.

For additional queries, please contact:

LodeRock Advisors Inc., World 13 Financier Relations
[email protected]
( 416) 519-2156 ext. 2230

Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
[email protected]

SOURCE: World 13 Holdings Inc.

View source variation on accesswire.com:
https://www.accesswire.com/622086/Planet-13-Announces-Acceleration-of-Expiry-Date-of-Outstanding-PLTHWT-Warrants

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