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

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 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 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 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 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 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.