HITIF - High Tide acquires Ontario licensed cannabis retail store Canna Cabana

High Tide (HITIF) acquired Toronto, Ontario based retail cannabis store, Canna Cabana, for ~$4M (paid in cash) and also High Tide assumed the company's loan to open and build the Toronto Store, saving itself $2.3M+ of dilution and cash.Until date, High Tide has earned $1M+ in royalties from the Toronto store.The company acquired all of the shares of a company owned by the original holder of the cannabis retail store; High Tide and the vendor agreed to reduce the original purchase price, agreed in March 2019, which was to be partially paid in shares at a deemed price of $0.48."We remain focused on increasing our retail footprint in Ontario, Canada's largest cannabis market," president & CEO Raj Grover commented.

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High Tide acquires Ontario licensed cannabis retail store, Canna Cabana