High Tide Closes the First Tranche in Its Acquisition of Choom, Adding Two Established Cannabis Retail Stores in British Columbia and Six in Alberta
Retrieved on:
Thursday, August 4, 2022
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The Stores have the following addresses:
Key Points:
- The Stores have the following addresses:
191 West 2nd Avenue in Vancouver, British Columbia (the "Vancouver West 2nd Store"). - The Brooks Store is located in the centre of Brooks, close to numerous retail businesses.
- High Tide acquired the Stores, including inventory, for CAD$4.2 Million, by issuing 1,782,838 common shares of High Tide (each a "High Tide Share") at a deemed price of $2.3375 per High Tide Share.
- Pursuant to the Acquisition Agreement, 70% of the High Tide Shares issued are subject to a four month hold.