M&A Deal Summary

High Tide Acquires Queen of Bud

On March 15, 2024, High Tide acquired consumer products company Queen of Bud

Acquisition Highlights
  • This is High Tide’s 6th transaction in the Consumer Products sector.
  • This is High Tide’s 7th transaction in Canada.
  • This is High Tide’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2024-03-15
Target Queen of Bud
Sector Consumer Products
Buyer(s) High Tide
Deal Type Add-on Acquisition

Target

Queen of Bud

Calgary, Alberta, Canada
Queen of Bud is a Canadian cannabis brand that delivers cannabis products inspired by the magical energy of crystals like rose quartz, amethyst, shungite, blue topaz, and red jasper. Queen of Bud is based in Calgary, Alberta.

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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 11 of 11
Sector (Consumer Products) 6 of 6
Type (Add-on Acquisition) 10 of 10
State (Alberta) 2 of 2
Country (Canada) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Boreal Cannabis

Slave Lake, Alberta, Canada

Boreal Cannabis is built on a foundation of love, passion, and a strong belief in how cannabis can help in the lives of everyday Canadians. With equal commitments to quality and fairness in price, Boreal's mission is to ensure that cannabis culture is accessible and welcoming for all. Whether it is providing insight and education or friendly service, Boreal strongly believes in treating everyone as people, not just customers. Boreal Cannabis was formed in 2019 and is based in Slave Lake, Alberta.

Buy CA$2M
Mergr

Product

Company

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