Planet 13 Holdings Inc. (CNSX:PLTH) will look for acquisitions. The company has entered into an agreement with a syndicate of underwriters co-led by Beacon Securities Ltd. and Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 7.15 million units in the capital of the company at a price of $7 per unit for aggregate gross proceeds to the company of $50.05-million. The net proceeds from the Offering will be used for potential acquisitions, working capital and general corporate purposes.