Sunday, October 19, 2025

High Tide Closes On $10 Million Acquisition Of Daily High Club

High Tide Inc. (TSXV: HITI) today announced the closing of its acquisition of DHC Supply LLC, otherwise known as the Daily High Club. The acquisition saw the firm acquired for US$10.0 million, in the form of both cash and shares.

The acquisition will see High Tide’s wholly-owned subsidiary, High Tide USA Inc., gaining access to DHC’s subscription box program that boasts upwards of 15,000 subscribed members. The acquisition of DHC is said to add another significant e-commerce platform to High Tide’s portfolio, which will now include 3 of the top 5 e-commerce platforms for cannabis related consumption accessories.

High Tide online platforms reportedly totaled 91 million visits in 2020, of which 23 million are associated with the Daily High Club. DHC generated US$9.4 million in net revenue along with US$1.2 million in EBITDA during the 12 months ended in April 2021, making the transaction immediately accretive.

Under the terms of the agreement, the total consideration for all DHC shareholders is 839,820 common shares of High Tide, valued at US$6.75 million, along with US$3.25 million in cash.

High Tide Inc. last traded on the TSX Venture at CAD$9.39.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

High Tide To Raise $15.0 Million Via Bought Deal Financing

High Tide Inc. (TSXV: HITI) last night announced that it has entered into an agreement...

Wednesday, May 19, 2021, 09:19:53 AM

High Tide To Acquire Daily High Club For US$10 Million

High Tide Inc. (TSXV: HITI), is expanding its presence in the US market. The company...

Friday, June 25, 2021, 08:46:43 AM

High Tide Secures $25 Million Funding Via Credit Facilities

High Tide (TSXV: HITI) has secured further funding for its operations. The company this morning...

Monday, October 18, 2021, 08:01:01 AM

High Tide Opens 22nd Ontario Store In Brampton

High Tide Inc. (TSXV: HITI) seems to be expanding its presence in Ontario. The cannabis...

Monday, August 30, 2021, 09:39:00 AM

High Tide To Acquire Regina Cannabis Retail Portfolio For $2.9 Million

High Tide Inc. (TSXV: HITI) this morning announced that it is expanding its presence within...

Tuesday, July 13, 2021, 08:12:24 AM