Saturday, August 9, 2025

High Tide Closes Saskatchewan Cannabis Firm Acquisition For Reduced $2.7 Million

High Tide Inc. (TSXV: HITI) announced this morning that it has recently completed the acquisition of cannabis firm 102105699 Saskatchewan Ltd. The transaction is reported to be for consideration of $2.7 million, a slight dip from its previously announced $2.9 million deal.

According to the amended purchase agreement, the company acquired 100% equity of the Saskatchewan-based firm in exchange for 254,520 High Tide common shares at $7.8658 per share for total consideration of $2.0 million, and $0.7 million in cash. In its previous statement, the company pegged the acquisition price at $2,150,000 worth of common shares and $750,000 in cash.

The Canadian retailer’s network now has nine locations in Saskatchewan, with the addition of five new cannabis retail locations – with one in operation and four under development. 102105699 Saskatchewan is currently working on its 6th location which will also be a part of the recently closed acquisition.

The Saskatchewan acquisition follows just less than a month from when the company signed a definitive agreement to purchase online retailer DankStop for US$385 million.

High Tide last traded at $7.93 on the TSX Venture.


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

New Found Gold: The Queensway PEA

Newmont Q2 Earnings: Setting The Tone For This Earnings Cycle

Highest Grade Antimony Mine in the World!? | James Atkinson – Antimony Resources

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

High Tide Announces 15 To 1 Reverse Split

High Tide Inc (TSXV: HITI) this morning announced that it will be conducting a reverse...

Wednesday, May 12, 2021, 07:43:02 AM

High Tide To Acquire 80% Of Colorado-Based NuLeaf Naturals For US$31.24 Million

High Tide Inc. (TSXV: HITI) announced this morning that its plans to add a retail-focused...

Monday, November 22, 2021, 10:40:00 AM

High Tide Files $100.0 Million Preliminary Base Shelf Prospectus

High Tide (TSXV: HITI) last night announced the filing of a preliminary short form base...

Friday, April 9, 2021, 07:39:11 AM

High Tide Extends Maturity Of Credit Facility At Eleventh Hour

High Tide Inc (TSXV: HITI) has managed to extend certain debt at the eleventh hour...

Monday, December 14, 2020, 07:39:07 AM

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