High Tide Inc. Acquires 80% of NuLeaf Naturals
November 22, 2021
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.
- Buyers
- High Tide Inc.
- Targets
- NuLeaf Naturals, LLC
- Sellers
- Bo Shirley, Jaden Barnes
- Industry
- Consumer Products
- Location
- Colorado, United States
- Transaction Type
- Buyout
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