107th Street–Beverly Hills station

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

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.