NVACF - Cannabis Retail Giant High Tide Will Distribute Weed Products In Manitoba As North American Footprint Grows | Benzinga
High Tide Inc. (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA) announced on Tuesday that it has signed an agreement with the Manitoba Liquor and Lotteries Corporation (MBLL) through its wholly-owned subsidiary Valiant Distribution Canada.
Under the deal, the Canadian cannabis retail agreed to distribute cannabis products to cannabis retailers in Manitoba.
The deal will allow Valiant to warehouse products in the province from licensed producers and then distribute them to retailers while being responsible for inventory management, and tracking.
Why It Matters
Raj Grover, founder and CEO of the Alberta-based cannabis giant praised the move.
“We are thrilled to be extending our wholesale and distribution services into Manitoba through Valiant Distribution Canada, building on our established setup and experience in wholesaling cannabis products and consumption accessories in Saskatchewan, consumption accessories through our Calgary warehouse, as well as leveraging our experience and success in distributing in the United States and Europe through our warehouses in Las Vegas and Amsterdam,” Grover said.
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