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High Tide Closes the First Tranche in Its Acquisition of Choom, Adding Two Established Cannabis Retail Stores in British Columbia and Six in Alberta
High Tide Closes the First Tranche in Its Acquisition of Choom, Adding Two Established Ca...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide Closes the First Tranche in Its Acquisition of Choom, Adding Two Established Cannabis Retail Stores in British Columbia and Six in Alberta\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.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \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 Aug. 4, 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 July 7, 2022\n \n , the Company has completed its acquisition (the \"\n \n Acquisition\n \n \") through Companies' Creditors Arrangement Act (\"CCAA\") Proceedings, of eight operating retail cannabis stores in\n \n British Columbia\n \n and\n \n Alberta\n \n (the \"\n \n Stores\n \n \") for\n \n CAD$4.2 Million\n \n (the \"\n \n Transaction\n \n \"). The Company intends to complete the acquisition of the ninth store in Niagara,\n \n Ontario\n \n , pending regulatory approvals.\n \n \n \n \n \n \n \n \n \n The Stores have the following addresses:\n \n \n \n 191 West 2nd Avenue in\n \n Vancouver, British Columbia\n \n (the \"\n \n Vancouver West 2nd Store\n \n \"). The Vancouver West 2nd Store is located in the trendy\n \n Mount Pleasant\n \n neighbourhood, close to numerous popular restaurants and retail stores, as well as the Olympic Village and Science World.\n \n \n 1391 Richards Street in\n \n Vancouver, British Columbia\n \n (the \"\n \n Vancouver Richards Store\n \n \"). The Vancouver Richards Store is located in the trendy and densely-populated Yaletown neighbourhood in downtown\n \n Vancouver\n \n .\n \n \n 115 2nd Avenue West in\n \n Brooks, Alberta\n \n (the \"\n \n Brooks Store\n \n \"). The Brooks Store is lo...