High Tide Inc. Acquires 80% of NuLeaf Naturals

High Tide Inc. Acquires 51% of Purecan GmbH

January 13, 2025

Pharmaceuticals

High Tide Inc. agreed to acquire a 51% stake in Frankfurt-based Purecan GmbH for approximately €4.8 million, gaining an import license for medical cannabis, warehousing and logistics infrastructure, and an in-development telemedicine portal. The majority-stake purchase positions High Tide to enter the German medical cannabis market and pursue broader European expansion, with an option to acquire the remaining interest over time.

High Tide Acquires 51% Stake in Remexian Pharma GmbH

September 2, 2025

Pharmaceuticals

High Tide Inc. has completed the acquisition of a 51% interest in German medical cannabis importer and wholesaler Remexian Pharma GmbH for an estimated purchase price of €26.4 million, implying an enterprise value of €53.4 million. The deal was satisfied with cash, a seller loan and High Tide shares; High Tide holds a five-year option to acquire the remaining 49% (with call/put mechanics and pricing formulas tied to EBITDA).

High Tide Acquires 80% of Blessed CBD (Enigmaa Ltd)

October 19, 2021

E-Commerce

High Tide Inc. has acquired an 80% interest in Enigmaa Ltd., operating as Blessed CBD, for £9,064,000 with a three-year option to acquire the remaining 20%. The acquisition gives High Tide a direct entry into the U.K. e-commerce CBD market; Blessed generated approximately £5.1 million of revenue and £2.8 million of EBITDA for the 12 months ended August 2021.

High Tide Acquires 80% Stake in FABCBD (Fab Nutrition, LLC)

May 10, 2021

E-Commerce

High Tide Inc. completed the acquisition of an 80% interest in Fab Nutrition, LLC (operating as FABCBD) for US$20.64 million, paid with cash and High Tide common shares, with a three-year option to acquire the remaining 20%. The deal includes an earn-out tied to 2021 gross revenues and put/call options on the remaining equity, and is intended to expand High Tide’s presence in the U.S. e‑commerce market for hemp‑derived CBD products.

High Tide Acquires Boreal Cannabis Company (Two Alberta Retail Stores)

April 1, 2022

Retail

High Tide Inc. agreed to acquire 100% of 2080791 Alberta Ltd. (operating as Boreal Cannabis Company) for CAD$2.2 million plus inventory and cash, adding two retail cannabis stores in Slave Lake and St. Paul, Alberta. The acquisition expands High Tide’s brick-and-mortar footprint in northern Alberta and is expected to be accretive to its retail network.

High Tide Acquires Queen of Bud Brand

March 15, 2024

Consumer Products

High Tide Inc. has entered into a definitive agreement to acquire all intellectual property and related assets of the Canadian cannabis brand Queen of Bud for CA$1,000,000 (CA$100,000 cash and the remainder in High Tide common shares). Queen of Bud's founder Ashley Newman will remain involved as Global Brand Ambassador as High Tide integrates the brand into its in-house portfolio to expand its consumer product and ancillary offerings domestically and internationally.