High Tide Inc. (TSXV:HITI) entered into a definitive asset purchase agreement to acquire Retail Cannabis Store in Mississauga, Ontario from Cantopia for CAD 0.6 million on June 25, 2024. From the Consideration, an amount equal to approximately CAD 150,000 will be held in escrow for a period of twelve (12) months by High Tide's lawyers to satisfy Cantopia's indemnity with respect to possible claims based on breaches of representation and warranties.The transaction required TSX Venture Exchange ("TSXV") approval, Alcohol and Gaming Commission of Ontario approval, and other customary conditions of closing, is expected to close in the coming weeks. The purchase price represents 1.5x annualized Adjusted EBITDA for the three months ended May 31, 2024.
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5-day change | 1st Jan Change | ||
3.03 CAD | -2.88% |
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-4.72% | +42.25% |
28/06 | High Tide to Open 2 New Canna Cabana Stores in Alberta and Saskatchewan | MT |
28/06 | High Tide Brief: Opening Two New Canna Cabana Stores in Alberta and Saskatchewan | MT |
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EPS Revisions
1st Jan change | Capi. | |
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+42.25% | 178M | |
+10.96% | 2.86B | |
-16.50% | 1.24B | |
+51.34% | 517M | |
-15.45% | 396M | |
-3.20% | 90.86M | |
-34.13% | 68.84M | |
+44.94% | 58.51M |
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- High Tide Inc. entered into a definitive asset purchase agreement to acquire Retail Cannabis Store in Mississauga, Ontario from Cantopia for CAD 0.6 million.