High tide continues expansion into global cbd market with acquisition of colorado based nuleaf naturals

Transaction follows recent acquisitions of u.s. based fab cbd and u.k. based blessed cbd acquisition boosts high tide's current u.s. revenue run rate by ~ 40% to approximately c$70 million. highly accretive transaction for shareholders, as nuleaf generated revenue of us$1 9.4 million and adjusted ebitda 1  of us$5.26 million during the 12 months ended september 30, 2021, of which direct-to-consumer e-commerce revenue represented us$16.3 million.
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