The Acquisition was completed pursuant to the terms of the merger agreement (the “ Acquisition Agreement”) previously announced by the Company on June 25, 2021, pursuant to which High Tide USA Inc., a Nevada corporation and a wholly-owned U.S.
(“ High Tide” or the “ Company”) (TSXV: HITI) (Nasdaq: HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it has completed the acquisition of DHC Supply LLC (the “ Acquisition”) operating as Daily High Club (“ Daily High Club”). exceeds CAD$50 million.ĬALGARY, Alberta-( BUSINESS WIRE)-High Tide Inc.
DAILY HIGH CLUB PHONE NUMBER PRO
Pro forma for the acquisition, High Tide’s revenue run rate in the U.S. Transaction is immediately accretive as Daily High Club generated US$9.4 million in net revenue and US$1.2 million in EBITDA during the 12 months ended April 2021. With over one million accessories sold under the Daily High Club name, High Tide adds a company to its portfolio with proven brand equity. High Tide bolsters its online presence, by gaining access to Daily High Club’s almost 800,000 followers on Instagram and over 75,000 followers on TikTok. High Tide gains access to Daily High Club’s over 15,000 subscription box members who are ideal customers for High Tide to potentially launch cannabis subscription boxes in the event of U.S. High Tide adds another top e-commerce platform to its portfolio which will now include 3 out of the top 5 most popular e-commerce platforms for consumption accessories globally totaling 91 million site visits in 2020, including 23 million associated with Daily High Club alone. E-commerce Marketplace for Consumption Accessories
The company is committed to creating safe, consistent, and effective products and has proudly received over 25,000 verified 5-star customer reviews through its e-commerce platform.Acquisition Cements High Tide’s Position as Leader Within U.S. In 2022, NuLeaf launched their cutting-edge multicannabinoid products in two Canadian provinces – Manitoba and Ontario. Their cannabinoid products are sold direct-to-consumer from their website and are also available at bricks-and-mortar stores across the U.S. Most of NuLeaf’s products are produced at its cGMP-certified facility, enabling them to manufacture ground-breaking cannabinoid formulations while exceeding the highest levels of regulatory compliance. Since its inception, the company has been committed to creating the world’s highest-quality cannabinoid products in their most pure and most potent form. NuLeaf Naturals is one of America’s leading cannabinoid companies. Founded in 2014 in Denver, Colorado, High Tide acquired 80% of NuLeaf Naturals in November 2021, with an option to acquire the remaining 20%.
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