High Tide Inc. and Meta Growth Corp. announced they have entered into a definitive arrangement agreement dated August 20, 2020, pursuant to which High Tide will acquire all of the issued and outstanding shares of Meta Growth. The combined entity will rank #1 in Ontario based on corporate-owned store count and will have high-graded its Alberta portfolio to hit the maximum stores allowed. The combined entity’s anticipated $21 million which is expected to be adjusted EBITDA positive on a post-synergies basis with additional upside from cross-selling opportunities.
Hemp Land, Cannabis Hemp Blog, 08/22/2020 22:06:40
Open article: https://hempland.net/high-tide-to-combine-with-meta-growth-creating-the-largest-cannabis-retailer-in-canada/