High Tide - M&A Summary and Business Overview

Consumer ProductsCompany

High Tide M&A Summary

High Tide has acquired 11 companies, including 11 in the last 5 years.

High Tide’s largest acquisition to date was in 2021, when it acquired NuLeaf Naturals for $31M. High Tide has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include consumer products (55%) and retail (28%).

High Tide Business Overview

Where is High Tide headquartered?

High Tide is headquartered in Calgary, Alberta.

What is High Tide’s revenue?

High Tide disclosed revenue of 357M USD for 2022 and 181M USD for 2021.

How many employees does High Tide have?

High Tide has 1,300 employees.

What sector is High Tide in?

High Tide is a consumer products company.

When was High Tide founded?

High Tide was founded in 2009.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Advisors 5

High Tide

High Tide, Inc.

11127 - 15 Street NE Suite 112,
Calgary, Alberta T3K 2M4
Canada,
(403) 703-4272
www.hightideinc.com

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co., and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com and Smokecartel.com, and more recently in the hemp-derived CBD space through CBDcity.com and FABCBD.com as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. Its strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. High Tide was founded in 2009 and is headquartered in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.2/yr) # - 1 5 4 - 1 11
vol $47M $9M $56M
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
Queen of Bud 2024-03-15 - Add-on Acquisition
Calgary, Alberta · www.queenofbudcannabis.com
2080791 Alberta Ltd. 2022-04-01 2M CAD Add-on Acquisition
Slave Lake, Alberta · www.borealcannabis.ca
Livonit Foods, Inc. 2022-03-30 2M CAD Add-on Acquisition
Bracebridge, Ontario · www.budheaven.com
Crossroads Cannabis 2022-03-03 2M CAD Add-on Acquisition
Stratford, Ontario · www.crossroads-cannabis.com
Bud Room, Inc. 2022-01-05 4M USD Add-on Acquisition
Ottawa, Ontario · www.budroom.ca
NuLeaf Naturals LLC 2021-11-22 31M USD Add-on Acquisition
Denver, Colorado · www.nuleafnaturals.com
Enigmaa Ltd. 2021-10-07 - Add-on Acquisition
London, United Kingdom · www.blessedcbd.co.uk
102105699 Saskatchewan Ltd. 2021-08-06 2M CAD Add-on Acquisition
Regina, Saskatchewan
DS Distribution, Inc. 2021-07-20 4M USD Add-on Acquisition
Wooster, Ohio
DHC Supply LLC 2021-06-25 10M USD Add-on Acquisition
Signal Hill, California · www.dailyhighclub.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 6 (55%) 35M (62%) - -
Retail 3 (27%) 7M (13%) - -
E-Commerce 2 (18%) 14M (25%) - -
Total 11 $56M - -

By Geo

State/Country Buy Value Sell Value
Canada 7 11M - -
  Ontario 4 8M - -
  Alberta 2 2M - -
  Saskatchewan 1 2M - -
United States 3 45M - -
  Ohio 1 4M - -
  Colorado 1 31M - -
  California 1 10M - -
United Kingdom 1 - - -
Domestic 7 (64%) 11M (19%) - -
Cross-border 4 (36%) 45M (81%) - -
Total 11 $56M - -

Top M&A Advisors

Financial Deals
KPMG Corporate Finance LLC
1
ATB Capital Markets
1
Legal Deals
Garfinkle Biderman
3
Sichenzia Ross Ference Carmel
1
Ince & Co.
1

Deal Values

buy # Total
< $100M 8 $56M
TOTAL $56M
Largest NuLeaf Naturals LLC
$31M (2021-11-22)

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