High Tide

About

High Tide is a retail-focused cannabis corporation along with the manufacture and distribution of consumption accessories.

Calgary,Alberta,Canada
251 - 500
https://hightideinc.com/

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: $19M
Industries: Cannabis,Consumer Goods,Retail
Founded date: Jan 1, 2009
Number Of Employee: 251 - 500
Operating Status: Active
Stock Symbol: cve:HITI
Legal Name: High Tide, Inc.

High Tide is a retail-focused cannabis corporation. It is among the most vertically integrated companies in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Smoker's Corner Ltd., Famous Brandz Inc., Canna Cabana Inc., and the majority of KushBar Inc.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$44M

High Tide has raised a total of $44M in funding over 2 rounds. Their latest funding was raised on Aug 18, 2022 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 18, 2022	Post-IPO Debt	$19M	1	Connect First Credit Union	—	Detail
Jul 18, 2022	Post-IPO Equity	$10M	—	—	—	Detail
Jun 22, 2022	Post-IPO Debt	$5M	—	—	—	Detail
Oct 18, 2021	Post-IPO Debt	$10M	1	ATB Financial	—	Detail
Nov 20, 2020	IPO	—	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

High Tide is funded by 2 investors. Connect First Credit Union and ATB Financial are the most recent investors.

Investor Name	Lead Investor	Funding Round
Connect First Credit Union	Yes	Post-IPO Debt
ATB Financial	Yes	Post-IPO Debt

Employee Profiles

Number of Employee Profiles

3

High Tide has 3 current employee profiles, including Executive Greg Fleury

Greg Fleury

Executive

Feliks Khaykin

Executive

Raj Grover

Board member

Acquisition

High Tide has acquired 13 organizations. Their most recent acquisition was Grasscity on Dec 14, 2018. They acquired Grasscity for $6.73M.

Date Company Name	Industry	Acquisition Type	Price
Dec 14, 2018 Grasscity	Cannabis	acquisition	$ 6.73M	Detail
Aug 21, 2020 Meta Growth	Cannabis	acquisition	—	Detail
Jan 25, 2021 Smoke Cartel	Cannabis	acquisition	$ 8M	Detail
May 3, 2021 FAB CBD	Cannabis	acquisition	$ 20.64M	Detail
Jun 25, 2021 Daily High Club	Quality Assurance	acquisition	$ 10M	Detail