High Tide Acquires Majority of "KushBar" Retail Cannabis Concept

Published: July 31, 2018

High Tide Acquires Majority of

High Tide Ventures Inc. has recently acquired 50.1% of KushBar Inc., the owner of the “KushBar” brand and retail concept focused on the valued Canadian cannabis consumer. High Tide has included the KushBar brand and concept in several retail cannabis applications submitted to the Alberta Gaming and Liquor Commission. Including these applications, the Company’s total number currently in process is rapidly approaching the maximum of 37 retail locations across in the province.

“The addition of the KushBar brand to High Tide’s integrated portfolio of brands and retail-focused entities is an exciting development for the company”, said Raj Grover, President & CEO of the High Tide group of companies. “Our goal is for KushBar locations to offer cannabis consumers an elevated experience with proprietary products, excellent customer service and attractive décor,” added Grover. The Company intends to establish KushBar locations in Alberta as well as other provinces across Canada, as a complement to its sophisticated yet playful Canna Cabana retail concept.

High Tide is well-positioned to capitalize on the imminent launch of the legal recreational cannabis industry in Canada on October 17, 2018. Through its two wholesale businesses, Famous Brandz and RGR Canada, and the 19 existing Smoker’s Corner retail locations, High Tide currently generates over $12 Million in annual revenues while offering over 4,100 SKUs and serving more than 170,000 retail customers per year. By executing on its growth strategy through the Canna Cabana and KushBar retail brands, High Tide expects to grow into a significant player on a national level, post-legalization.