M&A Deal Summary

High Tide Acquires DankStop

On July 20, 2021, High Tide acquired e-commerce company DankStop for 4M USD

Acquisition Highlights
  • This is High Tide’s 2nd transaction in the E-Commerce sector.
  • This is High Tide’s 3rd largest (disclosed) transaction.
  • This is High Tide’s 2nd transaction in the United States.
  • This is High Tide’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-07-20
Target DankStop
Sector E-Commerce
Buyer(s) High Tide
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

DankStop

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

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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 3 of 11
Sector (E-Commerce) 2 of 2
Type (Add-on Acquisition) 2 of 10
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 5
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 Daily High Club

Signal Hill, California, United States

Daily High Club is an online retailer of glass water pipes, vaporizers, and other in-demand consumption accessories. The company provides a marketplace with a wide variety of high-quality products and subscription boxes. It has an active social media presence with numerous influencer and celebrity endorsements including deals with Tommy Chong, Chanel West Coast, and more. Daily High Club was formed in 2009 and is based in Signal Hill, California.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 102 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.

Buy CA$2M
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