AcquisitionsJun 15, 2026, 09:16 AM
High Tide to Acquire 4 Ontario Cannabis Stores for $7.74M
AI Summary
High Tide Inc. announced a definitive agreement to acquire Northern Helm for $7.74 million, adding four retail cannabis stores in Ontario. This strategic move will expand High Tide's retail footprint to 228 Canna Cabana locations nationwide and 103 in Ontario. The transaction includes assumed debt and payment in cash and High Tide shares, with closing expected in the coming weeks, subject to regulatory approvals.
Key Highlights
- High Tide Inc. to acquire Northern Helm for $7.74 Million.
- The acquisition includes four retail cannabis stores in Ontario.
- The transaction involves $3.2M in assumed debt and $4.58M in cash and shares.
- This acquisition will increase High Tide's store count to 228 Canna Cabana locations.
- High Tide will reach 103 Canna Cabana locations in Ontario post-acquisition.
Price Impact
More from HITI