The Securities Commission has granted an exemption to Planet 13 Holdings Inc. from the prospectus requirement for certain marketing activities in connection with future offerings under a Multijurisdictional Disclosure System (MJDS) base shelf prospectus. This exemption allows investment dealers acting as underwriters or selling group members to use standard term sheets, marketing materials, and conduct road shows, which are typically governed by Part 9A of National Instrument 44-102 Shelf Distributions (NI 44-102) but are not expressly permitted by National Instrument 71-101 The Multijurisdictional Disclosure System (NI 71-101).
The exemption is conditional upon the marketing activities complying with the approval, content, use, and other conditions and requirements of Part 9A of NI 44-102, as if the MJDS base shelf prospectus were a final base shelf prospectus under NI 44-102. This decision is based on the Securities Act (Ontario) and is intended to be relied upon in multiple Canadian jurisdictions. The exemption aims to facilitate the marketing of securities offerings in Canada by the Filer, a Nevada corporation and SEC foreign issuer, while ensuring that the activities adhere to the regulatory standards set out for non-MJDS shelf distributions.