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Cannabis retailer High Tide shopping for two shops in Ontario’s cottage nation for $2.8M


CALGARY — Cannabis retailer High Tide Inc. has signed a deal to purchase Livonit Foods Inc., which operates two shops in Ontario underneath the Bud Heaven banner. The firm is paying $2.8 million in shares for the shops situated in Bracebridge, Ont.

CALGARY — Cannabis retailer High Tide Inc. has signed a deal to purchase Livonit Foods Inc., which operates two shops in Ontario underneath the Bud Heaven banner.

The firm is paying $2.8 million in shares for the shops situated in Bracebridge, Ont.

High Tide CEO Raj Grover says the deal helps it grow to be a significant participant in Ontario’s cottage nation, a area the place it didn’t have a presence.

The deal, which is topic to regulatory approval and different circumstances, is predicted to shut within the coming weeks.

High Tide has greater than 100 areas throughout Ontario, Alberta, Manitoba and Saskatchewan. 

Its banners embody Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co. 

This report by The Canadian Press was first revealed March 30, 2022.

Companies on this story: (TSXV:HITI)

The Canadian Press




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