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

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 Bud Heaven (Livonit Foods Inc.)

March 30, 2022

Retail

High Tide Inc. agreed to acquire 100% of Livonit Foods Inc., which operates two Bud Heaven retail cannabis stores in Bracebridge, Ontario, for CAD$2.8 million paid in High Tide common shares. The acquisition expands High Tide's Canna Cabana footprint into Muskoka (cottage country), adding stores that generated CAD$4.7 million (annualized) and CAD$0.8 million adjusted EBITDA (annualized) for the three months ended Oct. 31, 2021; the deal is subject to customary regulatory approvals.

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 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.

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.

High Tide Acquires Daily High Club

July 6, 2021

E-Commerce

High Tide Inc. has completed the acquisition of DHC Supply LLC, which operates as Daily High Club, by way of its U.S. subsidiary High Tide USA Inc. The deal consideration included US$3.25 million in cash plus 839,820 common shares of High Tide, and adds a leading direct-to-consumer e-commerce platform for smoking accessories with ~15,000 subscription members and strong social followings.