High tide to acquire nine operating retail cannabis stores from choom holdings

This news release constitutes a "designated news release" for the purposes of the company's prospectus supplement dated december 3, 2021 to its short form base shelf prospectus dated april 22, 2021. high tide emerges as preferred partner for store acquisitions through companies' creditors arrangement act ("ccaa") proceedings the company is set to enter the british columbia market with the acquisition of two stores in vancouver calgary, ab , july 7, 2022 /prnewswire/ - high tide inc. ("high tide" or the "company") (nasdaq: hiti) (tsxv: hiti) (fse: 2lya), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it is further expanding its bricks-and-mortar retail cannabis operations and entering the british columbia market, through a binding agreement (the "acquisition agreement") pursuant to which high tide will acquire two operating retail cannabis stores in british columbia, six operating retail cannabis stores in alberta, and one operating retail cannabis store in ontario (collectively, the "stores") from choom holdings inc. (cse: choo) (otcqb: choof) and its subsidiaries (together, "choom"), for cad$5.1 million (the "transaction"), pending court approval on july 7, 2022.
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