High Tide said it has completed the acquisition of 100% of the equity interest of J. Supply Holdings, operating as Northern Helm for $7.77 million.
With the completion of the transaction, High Tide now operates 228 cannabis retail store locations across Canada, including 103 in the province of Ontario.
"At High Tide, every acquisition and every new store must strengthen our competitive position for years to come. We remain highly disciplined in pursuing both acquisitions and organic growth opportunities, investing only where we see the ability to create meaningful long-term value for our shareholders," said High Tide CEO Raj Grover in a statement. "This acquisition not only strengthens our presence across the Durham Region and eastern Ontario, but also provides an outstanding opportunity to welcome both existing and new cannabis consumers into our Cabana Club and ELITE ecosystem. We look forward to delivering the unmatched value, savings and member experience that continue to differentiate Canna Cabana."
