High Tide Enters U.K. Market Through Acquisition of Blessed CBD

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[{"type":"text","content":"\n \n \n \n High Tide Enters U.K. Market Through Acquisition of Blessed CBD\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.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n \n \n With almost 5 million site visits in 2020, Blessed CBD is one of the most popular direct-to-consumer CBD brands in the U.K.\n \n \n \n 1\n \n \n \n \n \n \n \n \n \n Blessed has been featured as the best U.K. CBD Oil in several publications including The Mirror, Reader's Digest, and Maxim Magazine.\n \n \n \n 2\n \n \n \n \n \n \n \n \n \n Blessed has a strong financial profile which generated 81% gross margins and 54% EBITDA margins for the 12 months ended\n \n August 2021\n \n .\n \n \n \n 3\n \n \n \n \n \n \n \n \n \n Highly accretive transaction for shareholders, as Blessed generated revenue of £5.1 Million and £2.8 Million in EBITDA for the 12 months ended\n \n August 2021\n \n .\n \n \n \n 4\n \n \n \n \n \n \n \n \n \n Complementary acquisition adding a fully direct-to-consumer e-commerce platform, which is in line with High Tide's retail strengths.\n \n \n \n \n \n \n The acquisition creates meaningful synergies and cross-selling opportunities across all of High Tide's e-commerce platforms.\n \n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 7, 2021\n \n /PRNewswire/ - High Tide Inc. (\"\n \n High Tide\n \n \" or the \"\n \n Company\n \n \") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, is pleased to announce that it is taking another step towards solidifying itself as a major player within th...

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