Cannabis retailer High Tide buys pot brand Queen of Bud’s IP for $1M
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 15/03/2024 (659 days ago), so information in it may no longer be current.
CALGARY – High Tide Inc. says it has signed a deal to acquire premium cannabis brand Queen of Bud’s intellectual property.
Calgary-based pot retailer High Tide says it will pay $1 million for the IP, trademarks and other assets owned by Queen of Bud.
Some $100,000 of the $1 million will be paid in cash with the remaining amount paid in High Tide common shares that are the 10-day volume weighted average price they traded for three business days before the deal closes.
Canna Cabana owner High Tide says the shares will come with a contractual hold period of four months and one day from the closing date.
The deal is set to close in the coming weeks but is subject to approval from the TSX Venture Exchange.