High Tide, Inc. (TSE:HITI) has released an update.
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High Tide Inc. has successfully completed the acquisition of the premium cannabis brand Queen of Bud, adding to its diverse portfolio of consumer-facing brands. This strategic move promises to increase High Tide’s gross margins by approximately 5% and allows for immediate sales of ancillary products through e-commerce in the U.S. and Europe. The deal, valued at $900,000 in shares and $100,000 in cash, positions High Tide to leverage the upcoming legalization in Germany with its innovative retail model.
For further insights into TSE:HITI stock, check out TipRanks’ Stock Analysis page.
