High Tide Closes the First Tranche in its Acquisition of Choom

The company added two retail stores in British Columbia and six in Alberta.

CALGARY, Alberta, Aug. 4, 2022 - PRESS RELEASE - High Tide Inc., a retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that further to its press release dated July 7, 2022, it completed its acquisition through Companies' Creditors Arrangement Act (CCAA) Proceedings, of eight operating retail cannabis stores in British Columbia and Alberta for CAD$4.2 million. The company intends to complete the acquisition of the ninth store in Niagara, Ontario, pending regulatory approvals.

RELATED: High Tide to Acquire Nine Operating Retail Cannabis Stores from Choom Holdings

The stores have the following addresses:

  • 191 West 2nd Ave. in Vancouver, British Columbia. The Vancouver West 2nd Store is located in the trendy Mount Pleasant neighborhood, close to numerous popular restaurants and retail stores, as well as the Olympic Village and Science World.
  • 1391 Richards Street in Vancouver, British Columbia. The Vancouver Richards Store is located in downtown Vancouver's trendy and densely-populated Yaletown neighborhood.
  • 115 2nd Ave. West in Brooks, Alberta. The Brooks Store is located in the center of Brooks, close to numerous retail businesses.
  • 5308 50th Ave. in Cold Lake, Alberta. The Cold Lake 50th Avenue Store is part of a commercial district in Cold Lake South containing numerous restaurants and other businesses.
  • 1020 8th Ave. in Cold Lake, Alberta. The Cold Lake 8th Avenue Store is located on the main east-west street in Cold Lake North, close to several businesses, restaurants, and hotels.
  • 320 Centre Street in Drumheller, Alberta. The Drumheller Store is located in central Drumheller, close to various local businesses and restaurants.
  • 2719 14th Street SW in Calgary, Alberta. The Calgary Store is located on a well-trafficked road in southwest Calgary and is easily accessible for residents of nearby communities with favorable cannabis demographics, such as Bankview and South Calgary.
  • 10140 107th Street in Westlock, Alberta. The Westlock Store is located in the town's commercial center, close to numerous businesses.