Blackpool High Tide Organ

High Tide Opens New Canna Cabana Store in Former Kiaro Location

Retrieved on: 
Tuesday, November 28, 2023
Blackpool High Tide Organ, FSE, Fire, ELITE, AB, Cannabis, Cabana, City, High Tide, Restaurant, Drug

This opening will mark High Tide's 158th Canna Cabana branded retail cannabis location in Canada, the 11th in the province of Saskatchewan and the 2nd in Saskatoon.

Key Points: 
  • This opening will mark High Tide's 158th Canna Cabana branded retail cannabis location in Canada, the 11th in the province of Saskatchewan and the 2nd in Saskatoon.
  • This Canna Cabana location is situated within the downtown community of Riversdale, one of the three original settlements of Saskatoon.
  • Saskatoon is the largest city in Saskatchewan, with a population of over 250,000, and Riversdale is a brand-new market for Canna Cabana.
  • "This exciting new Canna Cabana is opening in the former location of Kiaro Cannabis, a prime retail storefront.

High Tide Restructures $8.9 Million of Outstanding Secured Debt

Retrieved on: 
Thursday, November 2, 2023
Adjustment, Cannabis, TSX Venture Exchange, Debt, High Tide, Debt restructuring, Person, Debenture, News, AB, Acquisition, Party, FSE, META, Debtor, Blackpool High Tide Organ, VWAP, Acceleration, Security (finance)

Pursuant to the terms of the Debt Restructuring Agreement, the parties have agreed to settle the outstanding structured installment payments, which equals the aggregate sum of $5,024,546 (the "Outstanding Structured Payment"), in common shares in the capital of High Tide ("High Tide Shares") at a deemed price of $2.0168 per High Tide Share, to the Key Lender (each an "Installment Share"), subject to prior approval and compliance with the policies of the TSX Venture Exchange ("TSXV"), calculated on basis of a deemed price per High Tide Share equal to the ten (10) day volume-weighted average trading price (in Canadian dollars) of the High Tide Shares on the TSXV ("VWAP") ending on October 31, 2023.

Key Points: 
  • Pursuant to the terms of the Debt Restructuring Agreement, the parties have agreed to settle the outstanding structured installment payments, which equals the aggregate sum of $5,024,546 (the "Outstanding Structured Payment"), in common shares in the capital of High Tide ("High Tide Shares") at a deemed price of $2.0168 per High Tide Share, to the Key Lender (each an "Installment Share"), subject to prior approval and compliance with the policies of the TSX Venture Exchange ("TSXV"), calculated on basis of a deemed price per High Tide Share equal to the ten (10) day volume-weighted average trading price (in Canadian dollars) of the High Tide Shares on the TSXV ("VWAP") ending on October 31, 2023.
  • Upon the Outstanding Structured Payment being satisfied in High Tide Shares, the outstanding amount of the Debenture will be reduced proportionately.
  • Recall that at the beginning of 2021, just after the acquisition of META, our gross debt stood at approximately 65 million dollars.
  • Over the past three years, we have now cut our outstanding debt in half to 32 million dollars today, representing just 1.2 times the Adjusted EBITDA we reported over the past four quarters," said Raj Grover, Founder and Chief Executive Officer of High Tide.

High Tide Opens Canna Cabana Store in Former Fire & Flower Location

Retrieved on: 
Monday, October 23, 2023
FSE, Cannabis, AB, Blackpool High Tide Organ, High Tide, CCAA, Drug, Retail

This opening will mark High Tide's 157th Canna Cabana branded retail cannabis location in Canada and the 78th in Alberta.

Key Points: 
  • This opening will mark High Tide's 157th Canna Cabana branded retail cannabis location in Canada and the 78th in Alberta.
  • Calgary is also the home of High Tide's headquarters and is the largest city in Canada's fourth-largest and most affluent province.
  • "I'm excited to announce the opening of another Canna Cabana location in North West Calgary to further our retail dominance in one of Canada's fastest-growing cities.
  • I look forward to more organic store announcements in the coming weeks," added Mr. Grover.

High Tide Announces Participation at Upcoming Investment Conferences: Roth Conference, Benzinga Capital Conference, Canaccord Genuity's Global Cannabis Conference

Retrieved on: 
Friday, March 10, 2023
Cannabis, Operation Success, AB, High Tide, Canaccord Genuity, Collision, Q&A, Conference, Blackpool High Tide Organ, News, FSE, Drug, Fontainebleau Miami Beach

Roth Conference - March 12-14, 2023

Key Points: 
  • Roth Conference - March 12-14, 2023
    Vahan Ajamian, Capital Markets Advisor for High Tide, will be attending the 35th annual Roth Conference from March 12-14 in Laguna Niguel, CA.
  • Mr. Ajamian will be sharing his insight into cannabis industry markets and sharing news about High Tide's latest milestones.
  • Benzinga Capital Conference Miami - April 11-12, 2023
    High Tide CEO Raj Grover will be attending, participating in one-on-one meetings, and speaking at Benzinga's Cannabis Capital Conference at Fontainebleau Miami Beach, FL, from April 11-12.
  • Canaccord Genuity's 7th Annual Global Cannabis Conference - May 18, 2023
    Vahan Ajamian will return to the US for Canaccord Genuity's 7th Annual Global Cannabis Conference on May 18 in New York, NY.

High Tide Secures Commitment Letter from Connect First Credit Union for Non-Dilutive Financing

Retrieved on: 
Thursday, August 18, 2022
Interest rate, Multimedia, Tide, FSE, AB, Industry, Forward-looking statement, Amazon (company), AZ Business Magazine, Growth, Commercial bank, TSX, Prospectus, Traction, Primary Dealer Credit Facility, Credit, Compliance, EDGAR, EBITDA, Company, Letter, Person, Corporation, Cannabis, Projection, Partnership, CBD, ConnectFirst Credit Union, Intention, Corporate Commercial Bank, Blackpool High Tide Organ, Line of credit, High Tide, News, TSX Venture 50, SEDAR, Bank, Security (finance), Risk management

The terms of the Credit Facility were renegotiated with connectFirst to provide a larger immediately-accessible facility for High Tide, with a smaller total commitment from connectFirst initially - which High Tide expects will grow over time.

Key Points: 
  • The terms of the Credit Facility were renegotiated with connectFirst to provide a larger immediately-accessible facility for High Tide, with a smaller total commitment from connectFirst initially - which High Tide expects will grow over time.
  • Accordingly, we are very excited about this new partnership between High Tide and connectFirst helping to create a more prosperous Alberta - and beyond.
  • Our senior debt offering will provide High Tide the capital to continue to execute their impressive growth trajectory," said Sourav Neogi, Relationship Manager, Corporate & Commercial Banking, Connect First Credit Union.
  • Low Interest Rate: High Tide continues to receive industry leading interest rates that reflect the strength of its business.

High Tide Subsidiary Blessed CBD Launches Sales of Hemp-derived CBD Products on Amazon UK

Retrieved on: 
Monday, July 11, 2022
Cannabis, BC Liquor Distribution Branch, Alcohol and Gaming Commission of Ontario, Saskatchewan Liquor and Gaming Authority, CBD, Tide, TSX, News, Industry, United Kingdom, TSX Venture 50, Food, FSE, Blackpool High Tide Organ, TSX Venture Exchange, Amazon (company), Food Standards Agency, Company, Capsule, Goal, Government, Person, Forward-looking statement, AB, High Tide, Multimedia, Compliance, SEDAR, Terminology, AZ Business Magazine, EDGAR, Online shopping, Drug, Security (finance), Amazon

CALGARY, AB, July 11, 2022 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its subsidiary, Blessed CBD ("Blessed"), has begun sales of its premium hemp-derived CBD products on Amazon in the United Kingdom ("Amazon UK").

Key Points: 
  • CALGARY, AB, July 11, 2022 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its subsidiary, Blessed CBD ("Blessed"), has begun sales of its premium hemp-derived CBD products on Amazon in the United Kingdom ("Amazon UK").
  • A range of Blessed CBD products, including gummies, capsules, and balms are now available on Amazon UK, and the remaining Blessed CBD products will be listed in the coming days.
  • As with all other CBD retailers who are listed on Amazon UK, Blessed was invited by Amazon themselves to join the platform as a seller of CBD.
  • "The listing of Blessed CBD products on Amazon UK represents a fantastic growth opportunity for Blessed and High Tide.

High Tide to Acquire Bud Heaven, Adding Two Established Retail Cannabis Stores in Ontario

Retrieved on: 
Wednesday, March 30, 2022
TSX Venture Exchange, Restaurant, High Tide, Crossroads, Intention, AB, FSE, Alcohol and Gaming Commission of Ontario, SEDAR, View, Blackpool High Tide Organ, EDGAR, Town, Heart, NASDAQ, Transaction, Forward-looking statement, Store, Multimedia, Consideration, CAD, AZ Business Magazine, Tide, Cannabis, Company, Person, District Municipality of Muskoka, TSX, CBD, Bud, Projection, News, Acquisition, TSX Venture 50, Retail, Drug, Risk management, Bracebridge

The Stores are the only retail cannabis stores that are currently operational in the Town of Bracebridge.

Key Points: 
  • The Stores are the only retail cannabis stores that are currently operational in the Town of Bracebridge.
  • "With this announcement, we are continuing to consolidate the Ontario cannabis retail space at accretive multiples for our shareholders.
  • Upon the closing of Bud Heaven, as well as the Crossroads transaction announced earlier this month, High Tide will have at least 40 stores in Ontario and 119 stores nationwide.
  • High Tide to Acquire Bud Heaven, Adding Two Established Retail Cannabis Stores in Ontario
    View original content to download multimedia: https://www.prnewswire.com/news-releases/high-tide-to-acquire-bud-heaven...

High Tide to Acquire Crossroads Cannabis, Adding Four Established Cannabis Retail Stores in Ontario

Retrieved on: 
Thursday, March 3, 2022
Agriculture, Natural Resources, Other Retail, Retail, Forest Products, Leadership, TSX, Industry, Projection, Alcohol and Gaming Commission of Ontario, Store, EBITDA, Person, Family, Longevity, FSE, SEDAR, Forward-looking statement, News, Company, Consideration, High Tide, EDGAR, Intention, CAD, TSX Venture Exchange, Cannabis, Transaction, Blackpool High Tide Organ, CBD, Technology, Steam, Business, Growth, Calendar, High, Environment, Retail, Public relations, Bookkeeping, Risk management, Markdale

High Tide Inc. (High Tide or the Company) (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 Acquisition Agreement) pursuant to which High Tide will acquire four operating retail cannabis stores in Ontario (the Stores) under the name Crossroads Cannabis (Crossroads), for CAD$2.5 Million (the Transaction).

Key Points: 
  • High Tide Inc. (High Tide or the Company) (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 Acquisition Agreement) pursuant to which High Tide will acquire four operating retail cannabis stores in Ontario (the Stores) under the name Crossroads Cannabis (Crossroads), for CAD$2.5 Million (the Transaction).
  • Since its inception, Crossroads has been a very popular cannabis retail brand in the communities that it serves.
  • I would like to give a warm welcome to the Crossroads team as they join the High Tide family, added Mr. Grover.
  • Including the Crossroads Stores, following Closing, High Tide will have at least 37 stores in Ontario and 115 stores nationwide.

High Tide to Acquire Fastendr™ Retail Kiosk and Smart Locker Technology Through Acquisition of Bud Room Inc.

Retrieved on: 
Wednesday, January 5, 2022
Alternative Medicine, Retail, Health, Technology, Other Technology, Specialty, Time, High Tide, Projection, FSE, Acquisition, Chief executive officer, Company, Ownership, Forward-looking statement, High, Intention, Business, Tide, Cannabis, Person, CBD, Blackpool High Tide Organ, Data collection, History, SEDAR, Efficiency, CEO, Partnership, News, Technology, TSX Venture Exchange, Consideration, Multimedia, CAD, EDGAR, EBITDA, Transaction, Retail, Online shopping, Bank, Risk management

This acquisition comes on the heels of several disruptive retail innovations by High Tide, such as our one stop shop and discount club concepts.

Key Points: 
  • This acquisition comes on the heels of several disruptive retail innovations by High Tide, such as our one stop shop and discount club concepts.
  • High Tides ownership of the Fastendr technology will improve its operational efficiency materially while also reducing operating expenses in the Companys retail cannabis stores.
  • The transaction also gives High Tide tremendous data collection and monetization opportunities from its retail portfolio and third party licensees.
  • BudRooms customized and innovative Fastendr kiosk and smart locker technology provides a unique and seamless customer experience, while differentiating itself from traditional retail business models.

High Tide Closes Acquisition of Blessed CBD and Enters U.K. Market

Retrieved on: 
Tuesday, October 19, 2021
Alternative Medicine, Other Health, Health, Retail, Specialty, Aurora, LLP, TSX, Transaction, Share, Cannabis, TSX Venture Exchange, Industry, ACB, Tilray, Cannabidiol, Risk, FSE, EDGAR, SEDAR, Exercise, Call option, KPMG LLP, Digital marketing, Hotel manager, Person, General manager, Business, Blackpool High Tide Organ, Put option, Digital, Call, News, Capsule, Phrase, SEO, High Tide, Google Analytics, KPMG, NASDAQ, High, CAD, Nature, QS/1 Data Systems, Maxim (magazine), Publication, Company, Retail, Online shopping, Lease, Security (finance), Risk management

High Tide acquired 80% of Blessed for consideration comprised of: (i) 1,136,551 common shares of High Tide (each a High Tide Share) valued at 4,864,000 (the Share Consideration), on the basis of a deemed price of $7.2856 per High Tide Share, being equal to the volume weighted average price per High Tide Share on the TSX Venture Exchange (TSXV) for the ten consecutive trading days preceding the closing of the Acquisition; and (ii) 4,200,000 in cash.

Key Points: 
  • High Tide acquired 80% of Blessed for consideration comprised of: (i) 1,136,551 common shares of High Tide (each a High Tide Share) valued at 4,864,000 (the Share Consideration), on the basis of a deemed price of $7.2856 per High Tide Share, being equal to the volume weighted average price per High Tide Share on the TSX Venture Exchange (TSXV) for the ten consecutive trading days preceding the closing of the Acquisition; and (ii) 4,200,000 in cash.
  • In addition, High Tide has agreed to grant Blesseds founder an option to put to High Tide the remaining shares in Blessed not held by High Tide (the Put Option), at the same enterprise value of the Call Option.
  • In connection with Vs appointment, High Tide granted 25,000 stock options (the Options) to V, exercisable at CAD$7.17 per High Tide Share for a period of 3 years.
  • Enigmaa Ltd., operating as Blessed CBD is one of the leading online retailers of hemp-derived CBD products in the U.K.