study of beans
- High tide (NASDAQ: HITI) will acquire all intellectual property, including trademarks and other assets of the Queen of Bud brand, expanding its portfolio of international brands, it said Thursday.
- Queen of Bud, which currently sells products across Canada both direct-to-consumer and through third-party licensed cannabis stores, joins High Tide’s roster of consumer-facing brands that includes NuLeaf Naturals, FAB CBD, Blessed CBD, Cabana Cannabis Co and more.
- The brand’s portfolio of cannabis products is already available in Canada and its popular ancillary products can be sold immediately in the United States and Europe without having to rely on further legislative reforms
- The consideration for the acquired assets will be $1,000,000. Of this amount, $100,000 will be paid in cash and the remainder will be paid in shares of High Tide common stock.
- The transaction is expected to close in the next few weeks.
- FEVER +3.01% premarket at $1.71.
- Source: press release