High Tide Acquires 80% of Enigmaa Ltd. (Blessed CBD)
October 19, 2021
High Tide Inc. completed its acquisition of an 80% interest in Enigmaa Ltd., operating as Blessed CBD, for £9.064 million, with an option to acquire the remaining 20% within three years. The deal positions High Tide for entry into the U.K. hemp-derived CBD market and adds a direct-to-consumer e-commerce platform to its portfolio.
- Buyers
- High Tide Inc.
- Targets
- Enigmaa Ltd. (operating as Blessed CBD)
- Industry
- Consumer Products
- Location
- United Kingdom
- Transaction Type
- Buyout
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