Thursday, August 7, 2025

High Tide To Acquire Online Retailer DankStop For US$3.85 Million

High Tide Inc. (TSXV: HITI) announced this morning that its plans to add another e-commerce platform to its portfolio. The company has signed a definitive agreement to acquire 100% of DS Distribution Inc., more commonly known as DankStop.com.

The acquisition, made through the company’s US-based subsidiary High Tide USA Inc., is reportedly priced at US$3.85 million. This will be paid in High Tide common shares computed based on the 10-day volume weighted average share price prior to the closing of the transaction.

DankStop reported approximately US$3 million in revenue for the 12 months ended April 30, 2021. The transaction is immediately accretive and based on projections, High Tide’s revenue run rate in the US will be approximately $55.0 million. On the other hand, the US-based online retailer is expected to have approximately US$100,000 in cash and non-cash working capital and approximately US$220,000 in inventory upon the closing of the transaction.

High Tide is set to gain access to DankStop’s database of 200,000 email subscribers and adds approximately 2.5 million site visits to its e-commerce portfolio. This portfolio currently has Grasscity, Smoke Cartel, and the recently acquired Daily High Club.

Following the acquisition, the cannabis firm will have DankStop co-founder Feliks Khaykin and director Gabe Aronovich come on board as High Tide’s Director of U.S. Operations and Director of U.S. Business Development, respectively. DankStop will still continue its corporate existence as High Tide USA’s wholly-owned subsidiary.

Although no details on the timing of the acquisition have been shared, it has the approval from both companies’ boards.

High Tide last traded at $7.90 on the TSX Venture.


Information for this briefing was found via Sedar and High Tide. 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.

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