Canadian cannabis seller High Tide looks for Nasdaq listing

Canadian cannabis retail and accessory business High Tide is requesting a listing on the Nasdaq exchange in the United States, with strategies to pursue mergers and acquisitions.

Calgary, Alberta-based High Tide states it is Canada’s biggest leisure marijuana seller by income, with 67 places in Alberta, Manitoba, Ontario and Saskatchewan after finishing its acquisition of rival Meta Development in November.

The business stated it is looking for the Nasdaq listing “as a part of its capital markets effort with the objective of boosting investor worth.”

” This effort permits the Business to accelerate its service technique concentrated on the United States, both in drawing in institutional and retail financiers and M&A chances within the U.S.,” High Tide stated in a press release provided Wednesday.

High Tide, which runs marijuana device and CBD e-commerce companies in the U.S., stated it currently makes approximately 23% of its income because nation.

High Tide stated it would preserve its Canadian stock listing.

The business’s shares are presently traded on the TSX Endeavor Exchange as HITI. It likewise trades on the over the counter markets as HITIF.

Latest posts