M&A Deal Summary

High Tide Acquires META

On November 18, 2020, High Tide acquired consumer products company META

Acquisition Highlights
  • This is High Tide’s 1st transaction in the Consumer Products sector.
  • This is High Tide’s 1st transaction in Canada.
  • This is High Tide’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-11-18
Target META
Sector Consumer Products
Buyer(s) High Tide
Deal Type Merger
Advisor(s) Echelon Partners (Financial)
Borden Ladner Gervais (Legal)

Target

META

Etobicoke, Ontario, Canada
META is a manufacturer and marketer of medical marijuana products in Canada and internationally. META was founded in 2014 and is based in Brampton, Canada.

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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 1 of 11
Sector (Consumer Products) 1 of 6
Type (Merger) 1 of 1
State (Ontario) 1 of 4
Country (Canada) 1 of 7
Year (2020) 1 of 1
FOLLOWING 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
Mergr

Product

Company

Legal