High Tide closes acquisition of Northern Helm for $7.77 million
HITI•Store performance and footprint
The share component comprised 921,486 common shares priced at $3.07 each, subject to a four-month hold.
The acquired stores generated annualized revenue of $8.5 million and annualized adjusted EBITDA of $1.7 million for the three months ended March 31, 2026.
High Tide now operates 228 cannabis retail locations across Canada, including 103 in Ontario.
High Tide completes Northern Helm acquisition
High Tide completed its acquisition of Northern Helm owner J. Supply Holdings, adding four cannabis stores in Ontario for $7.77 million.
Consideration included $3.06 million of assumed debt at 2%, cash of $1.88 million, and shares worth $2.83 million.
