Business
High Tide Closes Acquisition of Crossroads Cannabis, Adding Three Established Retail Cannabis Stores in Ontario
High Tide Closes Acquisition of Crossroads Cannabis, Adding Three Established Retail Cann...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide Closes Acquisition of Crossroads Cannabis, Adding Three Established Retail Cannabis Stores in Ontario\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Woodstock Store\n \n to be Acquired at a Later Date, Pending Regulatory Approval\n \n \n \n \n This news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated\n \n December 3, 2021\n \n to its short form base shelf prospectus dated\n \n April 22, 2021\n \n .\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n April 27, 2022\n \n \n /CNW/ - High Tide Inc. (\"\n \n High Tide\n \n \" or the \"\n \n Company\n \n \") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that further to its press release dated\n \n March 3, 2022\n \n , the Company has completed its acquisition (the \"\n \n Acquisition\n \n \") of three operating cannabis stores in\n \n Ontario\n \n (the \"\n \n Stores\n \n \") operating under the name Crossroads Cannabis (\"\n \n Crossroads\n \n \"), for\n \n CAD$1.9 Million\n \n (the \"\n \n Transaction\n \n \"). The Stores are located in\n \n Stratford\n \n ,\n \n Hanover\n \n , and\n \n Markdale\n \n . The\n \n Stratford\n \n store is located in a retail plaza anchored by a national discount grocery chain. The\n \n Hanover\n \n store is located in a power centre with numerous anchors including national grocery and big box retail chains. The\n \n Markdale\n \n store is well-located immediately beside the provincial liquor retailer. For the three months ended\n \n Decem...