High Tide Acquires 80% of Blessed CBD (Enigmaa Ltd)
October 19, 2021
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.
- Buyers
- High Tide Inc.
- Targets
- Enigmaa Ltd. (Blessed CBD)
- Industry
- E-Commerce
- Location
- Scotland, United Kingdom
- Transaction Type
- Buyout
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