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 »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Free Press 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 $20.00 plus GST for four weeks. After four weeks, your payment will increase to $24.00 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 (637 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.