M&A Deal Summary

High Tide Acquires Bud Room

On January 5, 2022, High Tide acquired retailer Bud Room for 4M USD

Acquisition Highlights
  • This is High Tide’s 2nd transaction in the Retail sector.
  • This is High Tide’s 4th largest (disclosed) transaction.
  • This is High Tide’s 3rd transaction in Canada.
  • This is High Tide’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2022-01-05
Target Bud Room
Sector Retail
Buyer(s) High Tide
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Bud Room

Ottawa, Ontario, Canada
Bud Room is a retail cannabis store. Bud Room is based in Ottawa, Ontario.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 7 of 11
Sector (Retail) 2 of 3
Type (Add-on Acquisition) 6 of 10
State (Ontario) 2 of 4
Country (Canada) 3 of 7
Year (2022) 1 of 4
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 NuLeaf Natural

Denver, Colorado, United States

NuLeaf Natural engages in the production and distribution of premium cannabidiol (CBD) wellness products. NuLeaf can produce 60,000 plant-based softgels per hour and is one of only a few manufacturers in the United States that can produce a vegan softgel. NuLeaf Natural was founded in 2014 with its headquarters in Denver, Colorado.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Crossroads Cannabis

Stratford, Ontario, Canada

Crossroads Cannabis is a family-owned and operated company that offers a clean and welcoming environment to help make customers new to cannabis feel comfortable. Crossroads offers an industry-leading range of products at affordable and competitive prices. Crossroads Cannabis is based in Stratford, Ontario.

Buy CA$3M
Mergr

Product

Company

Legal