Business
High Tide to Acquire Boreal Cannabis Company, Adding Two Established Retail Cannabis Stores in Northern Alberta
High Tide to Acquire Boreal Cannabis Company, Adding Two Established Retail Cannabis Stor...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide to Acquire Boreal Cannabis Company, Adding Two Established Retail Cannabis Stores in Northern 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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\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:initial initial black; BORDER-RIGHT:initial initial black; BORDER-BOTTOM:initial initial black; BORDER-LEFT:initial initial black\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 CALGARY, AB\n \n ,\n \n April 1, 2022\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 it is taking yet another step to expand its bricks-and-mortar retail cannabis operations, by entering into a definitive agreement (the \"\n \n Acquisition Agreement\n \n \") pursuant to which High Tide will acquire 100% of the equity interest of 2080791 Alberta Ltd. operating as Boreal Cannabis Company (\"\n \n Boreal\n \n \") which operates two retail cannabis stores in\n \n Alberta\n \n (the \"\n \n Stores\n \n \") for\n \n CAD$2.2 Million\n \n , plus the wholesale value of inventory and cash on hand at closing (the \"\n \n Transaction\n \n \"). The Stores are located at 1104 Main Street SW in\n \n Slave Lake, Alberta\n \n , and 4225 50 Avenue in\n \n St. Paul, Alberta\n \n . The\n \n Slave Lake\n \n store was the first to open in the municipality and is located in a commercial plaza that is a short walk or drive away from the main campus of Northern Lakes...