share_log

Weed Retail Giant High Tide Expands International Brand Portfolio With Another Cannabis Acquisition

Benzinga ·  Mar 15 22:05

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...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment