News

Aurora Cannabis investing $10 million in marijuana retailer High Tide

Aurora Cannabis investing $10 million in marijuana retailer High Tide
Business
EDMONTON—Aurora Cannabis Inc. has signed a deal to invest $10 million in High Tide Inc., a privately held company with cannabis and cannabis accessory retail stores.

Under the agreement, Aurora will hold debentures that will bear an annual interest rate of 8.5 per cent.

The debentures will also be convertible into shares of High Tide at a price of 75 cents per share.

High Tide has four cannabis retail stores in Alberta under the Canna Cabana banner, and a majority stake in KushBar Inc.

It also has plans to open more stores in Alberta as well as expand into Ontario and B.C.

In addition to the retail side, High Tide has two wholesale businesses — Famous Brandz and RGR Canada — and 19 Smoker’s Corner retail locations.
Read more on Toronto Star
News Topics :
Similar Articles :
Canada
Aurora Cannabis Inc. has signed a deal to invest $10 million in High Tide Inc., a privately held company with cannabis and cannabis accessory retail stores. Under the agreement, Aurora...
Business
TORONTO Nova Cannabis has reached a licence agreement with one of the lottery winners selected to apply for one of the first 25 cannabis retail licences in Ontario, with...
Business
CALGARY High Tide Inc. has signed a letter of intent to acquire a minority interest in one of the lottery winners selected to apply for one of the first...
Business
CALGARY — High Tide Inc. has signed a letter of intent to acquire a minority interest in one of the lottery winners selected to apply for one of the first...
Canada
An interior view of the Aurora Cannabis Inc. is shown in an undated, handout photo. Health Canada has granted a licence to Aurora Cannabis Inc. to produce medical pot in...