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High Tide Closes Acquisition of a Majority Stake in Remexian Pharma GmbH
Prnewswire· 2025-09-02 10:00
Core Insights - High Tide Inc. has completed the acquisition of a 51% interest in Remexian for an estimated purchase price of €26.4 million, with a five-year option to acquire the remaining 49% [1][4][6] - This acquisition marks High Tide's expansion into the European cannabis market, positioning the company as a global player in the industry [2][3] Transaction Details - The acquisition implies an enterprise valuation of €53.4 million, representing 3.64065 times annualized Adjusted EBITDA for the six months ended March 31, 2025 [4] - The purchase price of €26.4 million consists of €7.65 million in cash, €7.65 million via a loan with a 7% annual interest, and 5,864,373 High Tide shares valued at €11.1 million [5] - The transaction has been conditionally approved by the TSXV and is awaiting final approval [5] Strategic Implications - The acquisition diversifies High Tide's revenue base beyond Canada and provides a pathway for expansion across Europe's regulated cannabis markets [3] - High Tide's proven track record of disciplined growth and free cash flow generation is expected to support its long-term global leadership ambitions [3] Future Options - High Tide has a Call Option to acquire the remaining interests in Remexian at an enterprise value based on Adjusted EBITDA, with a minimum price of €15 million [6] - The Call Option can be exercised at different valuations depending on the timing, while a Put Option allows Remexian's owners to sell their remaining interests back to High Tide [6]
High Tide to Open Two New Canna Cabana Locations Across Saskatchewan and Ontario
Prnewswire· 2025-08-20 12:00
Core Insights - High Tide Inc. is expanding its retail presence by opening two new Canna Cabana locations in Saskatchewan and Ontario, increasing its total store count to 205 across Canada [1][2] Expansion Plans - The new Canna Cabana store in Saskatoon, Saskatchewan, began operations on August 18, 2025, while the Lasalle, Ontario location is set to open on August 25, 2025 [3][5] - The Saskatoon location is strategically positioned with high visibility and minimal competition, catering to a rapidly growing young demographic [4] - The Lasalle location is located in a new retail hub, serving a population of 24,000 residents within a five-minute drive and nearly 90,000 within ten minutes, also facing minimal competition [6] Company Overview - High Tide is recognized as the second-largest cannabis retail brand globally, with a diversified and fully integrated operation across all components of cannabis [7] - Canna Cabana is the largest cannabis retail chain in Canada, with 205 locations across various provinces [7] - High Tide operates innovative retail technologies and a suite of leading accessory e-commerce platforms, enhancing the consumer experience [8] Market Position and Recognition - High Tide has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [11]
Glow Expands Ontario Distribution with MOD Launch in 100+ FIKA Company Stores, One of Canada's Largest Cannabis Retailers
Newsfile· 2025-08-20 11:30
Core Insights - Glow Lifetech Corp. has launched its MOD™ brand in over 100 FIKA Company stores across Ontario, marking a significant retail expansion with one of Canada's largest cannabis retailers [2][3][4]. Distribution Expansion - The new retail listing with FIKA Company enhances MOD™ product availability in approximately 100 locations, contributing to Glow's deeper penetration in Ontario's cannabis market [3][6]. - FIKA Company operates a substantial retail portfolio with over 200 locations across multiple provinces, including Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon [3]. Commercial Strategy - The launch with FIKA Company is a strategic move to support Glow's growth in Ontario and establish a foundation for future distribution in other provinces [4]. - Glow is implementing a targeted retail activation program to drive product awareness and education, which includes merchandising displays and staff training [5]. Growth Momentum - This retail expansion reflects Glow's increasing commercial momentum and strengthens its market execution, positioning the company for a pivotal growth phase [6]. - Strategic partnerships like the one with FIKA are expected to unlock new growth channels and diversify Glow's distribution footprint [6].
MedX Holdings, Inc. (OTC: MEDH) Med X Holdings Q2 2025 Investor Update: We're at an Inflection Point
GlobeNewswire News Room· 2025-08-19 17:19
Core Insights - MedX Holdings reported a sales increase in Q2 2025, projecting approximately $1.5 million in revenue for the full year [2][3] - The company is advancing its lounge pipeline, with Las Vegas nearing approvals and new franchise developments in Houston [3][5] - The Leaf-trak technology platform is transitioning from development to rollout, aimed at enhancing operational efficiency in lounges [4][5] Financial Performance - Q2 2025 sales growth indicates a positive trajectory, with the company on track for ~$1.5 million in FY25 revenue [2][5] - Continued sales growth and traction in New Mexico's recreational market are highlighted as key performance indicators [7] Business Development - The Las Vegas consumption lounge is progressing towards opening, pending final drawings and approvals [5][6] - Houston is set to welcome new Lazydaze franchisees, targeting a Q4 2025 or early 2026 opening [5][6] - Active negotiations for lounge deals in Florida and California are ongoing [5][6] Technology and Innovation - Leaf-trak is designed specifically for lounges, focusing on hospitality economics and compliance, with a pilot expected in Q3 and commercial launch in Q4 2025 [4][5] - The platform aims to integrate payment processing and enhance customer service through online ordering and pickup options [5] Regulatory Environment - The company has navigated regulatory challenges in Texas and sees positive signals at the federal level regarding cannabis rescheduling [5][11] - Anticipated regulatory changes could improve capital access and institutional participation in the cannabis industry [5] Strategic Vision - MedX Holdings is positioning itself to capitalize on the shift from cannabis prohibition to a regulated market, focusing on strategic capital and partnerships [8][9] - The company aims to build a comprehensive portfolio in cannabis retail, hospitality, and technology through its subsidiaries [9][10]
MedX Holdings, Inc. (OTC: MEDH) Med X Holdings Q2 2025 Investor Update: We’re at an Inflection Point
Globenewswire· 2025-08-19 17:19
Core Insights - MedX Holdings reported an increase in sales for Q2 2025 and is on track for approximately $1.5 million in revenue for the full year 2025 [2][6] - The company is advancing its Las Vegas lounge towards final approvals and is expanding its franchise presence with a new Lazydaze franchise in Houston [3][6] - The Leaf-trak POS system is set to roll out in Q3 2025, designed specifically for consumption lounges, enhancing operational efficiency and compliance [4][6] Financial Performance - Q2 2025 sales growth indicates a positive trajectory, with the company projecting around $1.5 million in revenue for FY25 [2][6] - The New Mexico store is gaining traction in a fully recreational market, contributing to overall revenue momentum [6] Expansion Plans - The Las Vegas consumption lounge is nearing opening, pending final drawings and approvals [6] - Houston is targeted for a Q4 2025 or early 2026 opening as the newest Lazydaze franchise [6] - Active negotiations for lounge deals in Florida and California are ongoing [6] Technology Development - Leaf-trak, a hospitality-grade platform, is designed to improve lounge operations by increasing throughput and reducing compliance risks [4][6] - The platform is expected to pilot in Q3 2025 and commercialize in Q4 2025, with anticipated revenue contributions starting in Q4 2025 into Q1 2026 [6][11] Regulatory Environment - The company has navigated regulatory challenges in Texas and sees constructive signals at the federal level regarding cannabis rescheduling [6][11] - The direction of regulatory changes is expected to improve capital access and institutional participation in the cannabis industry [6] Strategic Focus - MedX Holdings aims to build a portfolio that includes cannabis retail, hospitality, and technology through its subsidiaries [8] - The company is prioritizing strategic capital and partnerships to accelerate openings and technology deployments [7]
Blum Holdings Inc. Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-14 12:00
Core Viewpoint - Blüm Holdings, Inc. has completed its turnaround and is entering a disciplined growth phase focused on revenue expansion, margin improvement, cost control, and strategic location additions without overextending capital [2][5]. Financial Performance - Revenue increased from $2.2 million in Q1 2025 to $3.5 million in Q2 2025, driven by contributions from a new Bay Area retail location [8]. - Gross margin improved to 49% in Q2 2025, up from 42% in Q2 2024, but decreased from 53% in Q1 2025 due to initial inventory build and promotional pricing [8]. - Operating expenses were $2.5 million, a 69% reduction from $8.0 million in Q2 2024, reflecting a leaner cost structure and reduced litigation expenses [8]. - Net loss from continuing operations was $1.9 million in Q2 2025, compared to a loss of $0.6 million in Q1 2025, primarily due to lower gross margins [8]. - Adjusted EBITDA loss was $0.6 million for Q2 2025, compared to $0.4 million in Q1 2025, but improved by 85% to $1.0 million for the first half of 2025 compared to $7.0 million in the same period of 2024 [8]. Strategic Updates - The company is focusing on strengthening its cash position and reducing high-cost debt through a mix of short-term loans, convertible notes, and strategic investor participation [7]. - A new retail dispensary acquisition in Northern California is expected to generate approximately $12.0 million in annualized revenue, contributing to a $14.6 million increase in total assets compared to year-end 2024 [8]. - On July 1, the company entered into a binding term sheet to acquire another cannabis retail dispensary in Northern California, expected to add approximately $4.1 million in annualized revenue [8]. - The company raised an additional $0.5 million from an accredited investor on August 11, bringing total capital raised in 2025 to $2.1 million [8]. Market Position - Blüm Holdings operates leading dispensaries throughout California and is known for its high-potency products, including the Korova brand [9]. - The company aims to leverage its growing ecosystem to enhance customer and retail investor acquisition, increase brand awareness, and create value across its portfolio [9].
High Tide Provides Corporate Updates
Prnewswire· 2025-08-12 10:00
Corporate Updates - High Tide Inc. is making significant progress on a proposed transaction with a leading German medical cannabis importer and wholesaler, which is fully funded through a junior secured loan [2] - The company has appointed Sri Pavithra Priyalakshmi as Vice President of Digital and eCommerce, bringing over 11 years of global experience in eCommerce and digital transformation [3] - High Tide will participate in Canaccord Genuity's 45th Annual Growth Conference from August 12–14, 2025, with scheduled presentations and one-on-one meetings with institutional investors [4] Financial and Regulatory Developments - High Tide has filed a final short form base shelf prospectus to replace its expiring prospectus, allowing for financing opportunities up to C$100 million over a 25-month period [5][6] - The prospectus enables the company to offer various securities, including common shares and debt securities, and may be used for "at-the-market distribution" [8][9] - The company has retained an investor relations agency for a month to enhance communication with shareholders and the investment community, with a fee of USD $140,000 [12][13] Company Overview - High Tide is a leading retail-forward cannabis enterprise with a diverse portfolio, including Canna Cabana, which is the second-largest cannabis retail brand globally [14] - The company operates a suite of e-commerce platforms for cannabis accessories and has a strong brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [15][16] - High Tide has been recognized as one of Canada's Top Growing Companies and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [18]
Top Canadian Pot Stocks Gaining Attention in August 2025
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-07-31 14:00
Industry Overview - Canadian cannabis stocks are gaining momentum as the U.S. cannabis market is projected to reach nearly $45 billion by 2025, with legal sales expanding in over 20 states [1] - Renewed interest in federal reform is evident, with lawmakers pushing for rescheduling and broader legalization, despite local regulatory challenges [1] - Canadian firms with U.S. exposure are expected to benefit from these developments, leading to increased investor optimism [1] Company Highlights - **Sundial Growers Inc. (SNDL)** has transformed into a diversified cannabis and liquor operator, expanding its retail presence in the Southeastern U.S. and managing dozens of dispensaries [5][8] - For Q1 2025, Sundial reported net revenue exceeding $200 million, with significant gross profit growth and improved operational efficiency, despite still reporting an operating loss [8] - **Cronos Group Inc. (CRON)** has adopted a partnership strategy to gain U.S. exposure, allowing it to distribute branded products without direct ownership of retail stores [9] - In Q1 2025, Cronos saw a meaningful revenue increase, with gross profit more than doubling year-over-year and adjusted earnings turning positive for the first time in several quarters [11] - **High Tide Inc. (HITI)** operates the largest non-franchised cannabis retail chain in Canada and has a strong e-commerce presence in the U.S. [12] - The company reported over 10% revenue growth in Q2 2025, maintaining positive adjusted EBITDA for 21 consecutive quarters and expanding its store count to over 200 [14] Investment Outlook - August 2025 brings renewed interest in the cannabis sector, with Sundial, Cronos, and High Tide showing distinct strengths and operational momentum [15] - Each company demonstrates resilience and strategic growth, making them worthy of consideration for investors looking to tap into North America's cannabis potential [16]
High Tide Opens New Canna Cabana Location in Drayton Valley, Alberta
Prnewswire· 2025-07-31 10:00
Core Insights - High Tide Inc. has opened a new Canna Cabana retail cannabis store in Drayton Valley, Alberta, increasing its total store count to 203 locations across Canada and 88 in Alberta [1][6] - The new store is strategically located in a busy plaza, enhancing visibility and accessibility to meet the growing demand for recreational cannabis products in the community [2][3] - High Tide's membership programs, Cabana Club and ELITE, have seen significant growth, surpassing 2 million and 100,000 members respectively, indicating strong consumer engagement and market expansion potential [4] Company Overview - High Tide is a leading retail-forward cannabis enterprise with a fully integrated operation across all components of cannabis, including retail, e-commerce, and wholesale distribution [6][8] - Canna Cabana is recognized as the largest cannabis retail chain in Canada and the second-largest globally, with a focus on providing value to cannabis consumers [6][8] - The company has been acknowledged for its rapid growth, being named one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [10] Strategic Initiatives - High Tide is committed to expanding its footprint, aiming to reach 300 Canna Cabana locations and 3 million Cabana Club members in the near future [4][10] - The company employs innovative retail technologies, such as Fastendr™, to enhance the customer experience through automated kiosks for browsing and ordering [7] - High Tide's diverse brand portfolio includes several consumer-facing brands and e-commerce platforms, positioning it well within the cannabis market [8] Employee Incentives - High Tide has granted 58,500 incentive stock options to employees, which are exercisable at the closing price of the company's common shares and vest over a two-year period [5]
High Tide Tops 2 Million Cabana Club Members and 100,000 ELITE Members Nationwide
Prnewswire· 2025-07-28 10:00
Company Achievements - High Tide Inc. has surpassed 2 million Cabana Club members, establishing itself as the largest cannabis loyalty program in Canada [1][2] - The paid loyalty tier, ELITE, has exceeded 104,000 members, marking significant growth in the company's discount club model [1][2] Business Strategy - The growing membership base is seen as a key driver for traffic, margin, and differentiation as High Tide expands its Canna Cabana locations across Canada [2] - The company aims to grow to over 300 Canna Cabana locations, leveraging its loyalty programs for continued growth [2] Financial Developments - High Tide has filed a preliminary short form base shelf prospectus to replace its previous prospectus, allowing for flexibility in financing opportunities over a 25-month effective period [3][4] - The prospectus enables the company to offer securities up to an aggregate price of C$100,000,000 [3][5] - Proceeds from the sale of securities may be used for general corporate purposes, capital projects, internal expansion, or acquisitions [6] Market Position - High Tide operates the largest cannabis retail chain in Canada, with 202 locations across several provinces [9] - The company is recognized as one of Canada's Top Growing Companies and has received accolades for its rapid growth in the cannabis retail sector [13]