CALGARY – Cannabis retailer High Tide Inc. has signed a deal to buy Livonit Foods Inc., which operates two stores in Ontario under the Bud Heaven banner.<\/p>\n
The company is paying $2.8 million in shares for the stores located in Bracebridge, Ont.<\/p>\n
High Tide CEO Raj Grover says the deal helps it become a meaningful player in Ontario's cottage country, a region where it did not have a presence.<\/p>\n
The deal, which is subject to regulatory approval and other conditions, is expected to close in the coming weeks.<\/p>\n
High Tide has more than 100 locations across Ontario, Alberta, Manitoba and Saskatchewan.<\/p>\n
Its banners include Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co.<\/p>\n
This report by The Canadian Press was first published March 30, 2022.<\/p>\n
Companies in this story: (TSXV:HITI)<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
CALGARY – Cannabis retailer High Tide Inc. has signed a deal to buy Livonit Foods Inc., which operates two stores in Ontario under the Bud Heaven banner. The company is paying $2.8 million in shares for the stores located in Bracebridge, Ont. High Tide CEO Raj Grover says the deal helps it become a meaningful […]<\/p>\n","protected":false},"author":362,"featured_media":1283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2022-03-30T07:53:56","updated":"2022-03-30T22:00:00","_infotelid":"IT89859","_prepressid":"89859","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"post_modified":"2022-03-30T22:00:00","post_modified_gmt":"2022-03-31T05:00:00","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID89859-3982.jpg","_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/users\/362"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/comments?post=150"}],"version-history":[{"count":3,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/150\/revisions"}],"predecessor-version":[{"id":3623,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/150\/revisions\/3623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media\/1283"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media?parent=150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/categories?post=150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/tags?post=150"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/region?post=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}