High Tide Inc. Acquires 51% of Purecan GmbH

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 Inc. Acquires 80% of NuLeaf Naturals

November 22, 2021

Consumer Products

High Tide Inc. has agreed to acquire an 80% stake in Denver-based NuLeaf Naturals for US$31.24 million, with a three-year option to buy the remaining 20%. The deal strengthens High Tide's vertical integration and global CBD capabilities by adding NuLeaf's cGMP-certified manufacturing, vegan softgel technology and D2C e-commerce distribution.

High Tide Inc. Acquires 102105699 Saskatchewan Ltd. (Regina Retail Portfolio)

August 6, 2021

Retail

High Tide Inc. completed the acquisition of 102105699 Saskatchewan Ltd., a holding company owning five retail cannabis locations in Regina, Saskatchewan. The transaction was paid with a mix of cash and High Tide common shares and expands High Tide's retail footprint in Saskatchewan as part of its national growth strategy.

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 Crossroads Cannabis' Four Ontario Stores

March 3, 2022

Retail

High Tide Inc. agreed to acquire four operating Crossroads Cannabis retail stores in Ontario (Stratford, Woodstock, Hanover and Markdale) for CAD$2.5 million, paid in common shares. The stores generated CAD$7.6 million (annualized) and CAD$0.7 million annualized Adjusted EBITDA for the three months ended December 31, 2021; the purchase price represents ~3.5x annualized Adjusted EBITDA and expands High Tide's Ontario footprint.

High Tide Acquires Bud Room Inc. and Fastendr Technology

January 5, 2022

Retail

High Tide Inc. will acquire 100% of Bud Room Inc., including the Fastendr retail kiosk and smart locker technology and Bud Room's retail cannabis store in Ottawa, for CAD$3.6 million (CAD$3.24M in shares and CAD$360K cash). The acquisition gives High Tide operational technology to improve in-store efficiency, plans to roll out Fastendr across Canna Cabana locations, and the option to license the technology to third-party retailers.