High Tide To Acquire Fastendr™ Retail Kiosk And Smart Locker Technology Through Acquisition Of Bud Room Inc.
Acquiring Company
High Tide
Acquired Company
FastendrRetail Kiosk
CalgaryDescription
High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it is taking yet another step to introduce innovative technology into both its bricks-and-mortar retail cannabis operations, as well as third party retailers, by entering into a definitive agreement (the “Acquisition Agreement”) pursuant to which High Tide will acquire 100% of the equity interest of Bud Room Inc. (“Bud Room”), as well as assignments of the vendors’ shareholder loans, for CAD$3.6 Million (the “Transaction”) and acquire all rights to the customized FastendrTM retail kiosk and smart locker technology and Bud Room’s retail cannabis store located at 1910 St. Laurent Blvd in Ottawa, Ontario.