Cannabis retail giantHigh Tide Inc.(NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA) isexpanding its international brand portfoliothrough the acquisition of theQueen of Bud brand.

What Happened

The Alberta-based company announced on Friday that it has entered into a definitive agreement under which it agreed toacquire all IP, including trademarks and other assets of Queen of Bud.

The deal, an arm's length transaction, is expected toclose in the coming weeks.

The consideration for the assets acquired will be$1 million. The sum includes a cash payment of $100,000 with the remainder paid in common shares of High...