High Tide (HITI.V) – The Acquisition Of The Six Retail Cannabis Areas, Should The Competitors Worry?

The stock was fluctuating at C$9.06 with small volatility from June 15 till June 22. Then, it sharply rose to C$10.11 on June 22 and fluctuated at this level till June 29 until it fell to C$9.38 on July 2. After that, till today, the stock is fluctuating at C$9.00 with tiny volatility. The day’s range of the stock is C$8.72 – C$9.10.High Tide is a retail-focused cannabis company. On July 13, happily inform that it has signed the purchase agreement with the stockholders of the 102105699 Saskatchewan Ltd. According to the agreement, the company will get all issued and outstanding stocks of Saskatchewan for C$2,900,000.

As a result of the Transaction, the company will secure a portfolio of six retail cannabis areas in Regina, Saskatchewan, out of which one is operational and five are in different stages of development and advancement and are all anticipated to be operational by the conclusion of 2021. Besides it, there are 13 working retail cannabis stores in the City of Regina of which one of them will belong to the company.

Jack Dawkins

Finance and Tech Contributor

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