![]() High Tide’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. ![]() High Tide is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBITDA, with 87 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan. I could not be more thrilled to be part of the High Tide family,” added Mr. “Daily High Club’s social media dominance, coupled with High Tide’s vast manufacturing capabilities and mature e-commerce platforms should yield meaningful synergies. “I am extremely excited to be joining the High Tide team and see a huge opportunity to boost High Tide’s brands the same way we built our loyal following for Daily High Club,” said Harrison Baum, Founder and Chief Executive Officer of Daily High Club. High Tide also announced that Harrison Baum will be joining the High Tide team on closing as Director of Digital Marketing to oversee all social media initiatives for High Tide globally. It’s my pleasure to welcome Harrison and the DHC team into our High Tide family,” added Mr. This subscription box model is complementary to our existing accessories e-commerce portfolio, and as such creates numerous opportunities for potential synergies. “Daily High Club stood out to us because it is an increasingly popular consumption accessories online retailer, with a rapidly growing subscription box model which can easily be tailored to include cannabis products in the event of U.S. e-commerce marketplace through a combination of organic growth and accretive acquisitions, specifically targeting businesses with strong brand loyalty, I am thrilled to announce the acquisition of Daily High Club,” said Raj Grover, President and Chief Executive Officer of High Tide. “In alignment with our intention to become a dominant player in the U.S. Daily High Club boasts over 800,000 followers on Instagram and 75,000 followers on TikTok. Daily High Club 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 provides a marketplace with a wide variety of high-quality products and subscription boxes. The transaction will consist of $6.75 million in common shares of High Tide and $3.25 million in cash.ĭaily High Club is an online retailer of glass water pipes, vaporizers, and other in-demand consumption accessories. It is expected to close around the end of June 2021. (Nasdaq: HITI) is buying DHC Supply LLC operating as Daily High Club in a deal valued at $10 million. Under the terms of the deal, Harrison Baum, founder and CEO of Daily High Club, will join High Tide as the company’s director of digital marketing and he will be charged with overseeing social media initiatives for High Tide globally.High Tide Inc. This subscription box model is complementary to our existing accessories e-commerce portfolio, and as such creates numerous opportunities for potential synergies,” Grover added. e-commerce marketplace through a combination of organic growth and accretive acquisitions, specifically targeting businesses with strong brand loyalty, I am thrilled to announce the acquisition of Daily High Club,” said Raj Grover, president and CEO of High Tide. customers through subscription boxes, online and brick and mortar stores, when cannabis is federally legalized in the country. ![]() ![]() The acquisition is a strategic move for High Tide as it positions the brand to quickly extend its products and services to U.S. With the acquisition, High Tide’s portfolio will include three out of five cannabis-focussed eCommerce platforms, totaling 91 million annual site visits. It will also unlock access to Daily High Club’s nearly one million social media followers on Instagram and TikTok and more than 15,000 Canadian subscription box members. subsidiary of Canada-based High Tide, 100 percent ownership of DHC. The acquisition will give High Tide USA Inc., a wholly-owned U.S. is acquiring Daily High Club (DHC), one of the top five global cannabis retailers.
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