M&A Deal Summary

High Tide Acquires 102 Saskatchewan

On August 6, 2021, High Tide acquired retailer 102 Saskatchewan for 2M CAD

Acquisition Highlights
  • This is High Tide’s 1st transaction in the Retail sector.
  • This is High Tide’s 8th largest (disclosed) transaction.
  • This is High Tide’s 2nd transaction in Canada.
  • This is High Tide’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2021-08-06
Target 102 Saskatchewan
Sector Retail
Buyer(s) High Tide
Deal Type Add-on Acquisition
Deal Value 2M CAD

Target

102 Saskatchewan

Regina, Saskatchewan, Canada
102 Saskatchewan is a cannabis dispensary retailer that owns five retail cannabis locations in Regina, Saskatchewan, out of which one is operational and four are in various stages of construction and development. 102 Saskatchewan is based in Regina, Saskatchewan.

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Buyer(S) 1

Buyer

High Tide

Calgary, Alberta, Canada
Category Company
Founded 2009
Sector Consumer Products
Employees1,550
Revenue 488M CAD (2023)
DESCRIPTION

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 incorporated in 2009 and is based in Calgary, Alberta.

DEAL STATS #
Overall 4 of 11
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 3 of 10
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 7
Year (2021) 3 of 5
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 DankStop

Wooster, Ohio, United States

DankStop is an online consumption accessories retailer. DankStop is based in Wooster, Ohio.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Blessed CBD

London, United Kingdom

Blessed CBD is an online retailer of hemp-derived CBD products in the U.K. The company provides a marketplace with a wide variety of high-quality products and formulas, affordable pricing, rapid dependable shipping, and surprisingly personable customer service. Blessed CBD is based in London.

Buy -
Mergr

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