M&A Deal Summary |
|
|---|---|
| Date | 2024-03-15 |
| Target | Queen of Bud |
| Sector | Consumer Products |
| Buyer(s) | High Tide |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2009 |
| Sector | Consumer Products |
| Employees | 1,550 |
| Revenue | 522M CAD (2024) |
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 13 |
| Sector: Consumer Products M&A | 6 of 6 |
| Type: Add-on Acquisition M&A Deals | 10 of 12 |
| State: Alberta M&A | 2 of 2 |
| Country: Canada M&A | 7 of 7 |
| Year: 2024 M&A | 1 of 1 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-01-13 |
Purecan
Frankfurt, Germany Purecan is an import-oriented, pharmaceutical wholesaler that focuses on emerging cannabis markets. Purecan holds a license to import medical cannabis into Germany and is preparing to launch a telemedicine portal for medical cannabis patients in Germany, along with complete warehousing and logistics infrastructure. Purecan is based in Frankfurt, Germany. |
Buy | €5M |
