Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 28, 6:08 AM
Slide #79. High Tide Inc. — Queen of Bud
Acquirer: |
High Tide Inc. (NASDAQ:HITI) |
Acquiree: |
Queen of Bud |
Details: |
High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, is pleased to announce that it is taking yet another step to expand its international brand portfolio by entering into a definitive agreement pursuant to which High Tide will acquire all IP, including trademarks and other assets of the Queen of Bud brand (the "Transaction"). Its founder, Ashley Newman, will take the role of global brand ambassador. This well-known, selectively curated cannabis product portfolio is already available in Canada, and its popular ancillary products can be sold right now in the United States and Europe without having to rely on further legislative reforms. |
High Tide is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing and wholesale distribution of smoking accessories and lifestyle products. As a vertically integrated company, Co. is engaged in the Canadian cannabis market. Co. operates various cannabis retail stores in the Province of Alberta, Ontario, Saskatchewan, and Manitoba, Canada.
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March 28, 2024 6:08 AM Eastern
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