The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBITDA, 2 with 89 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories.
The company’s website at an engaging and fun shopping experience. Daily High Club boasts over 800,000 followers on Instagram and 75,000 followers on TikTok. Daily High Club has an active social media presence with numerous influencer and celebrity endorsements including deals with Tommy Chong, Chanel West Coast and more. Daily High Club provides a marketplace with a wide variety of high-quality products and subscription boxes. With over one million consumption accessories sold and over 15,000 subscribers, Daily High Club is one of the leading online retailers of glass water pipes, vaporizers, and other in demand consumption accessories. Traffic data provided by Google Analytics. related to Grasscity, SmokeCartel and Daily High Club. Related: Aurora Cannabis Invests $10 Million into Retail Cannabis & Lifestyle Company, High Tide Inc.įurthermore, High Tide granted 13,333 stock options (the “ Options“) to Harrison Baum, exercisable at CAD$9.39 per High Tide Share for a period of three years.ġ As of June 21st, 2021, based on analytics data provided by Alexa Internet, Inc. In addition, the High Tide Shares having a value of 25% of the Consideration will be held in escrow to insure certain indemnification obligations if claims arise. The High Tide Shares issued pursuant to the Share Consideration are subject to a statutory hold period of four months and one day. In connection with the Closing, Harrison Baum, Chief Executive Officer of Daily High Club, has joined the High Tide team as Director of Digital Marketing to oversee all social media initiatives for High Tide globally. Related: San Francisco Opens Sunset’s First Cannabis Club Pursuant to the terms of the acquisition, the total consideration to Daily High Club shareholders for all the issued and outstanding securities of Daily High Club is: (i) 839,820 common shares of High Tide (“ High Tide Shares“) valued at US$6.75 Million (the “ Share Consideration“) on the basis of a deemed price per High Tide Share of CAD$9.92, being equal to the volume weighted average price per High Tide Share on the TSX Venture Exchange for the 10 consecutive trading days preceding the closing of the Transaction (“ Closing“) and (ii) US$3.25 million in cash (collectively with the Share Consideration, the “ Consideration“). (“ High Tide” or the “ Company“) (TSXV: HITI) (Nasdaq: HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it has completed the acquisition of DHC Supply LLC (the “ Acquisition“) operating as Daily High Club (“ Daily High Club“). Related: High Tide Continues to Expand US E-Commerce PresenceĬALGARY, AB, July 6, 2021 /PRNewswire/ – High Tide Inc.
#DAILY HIGH CLUB APRIL 2021 PRO#
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