CALGARY – High Tide Inc. says it has signed a deal to acquire premium cannabis brand Queen of Bud's intellectual property.<\/p>\n
Calgary-based pot retailer High Tide says it will pay $1 million for the IP, trademarks and other assets owned by Queen of Bud.<\/p>\n
Some $100,000 of the $1 million will be paid in cash with the remaining amount paid in High Tide common shares that are the 10-day volume weighted average price they traded for three business days before the deal closes.<\/p>\n
Canna Cabana owner High Tide says the shares will come with a contractual hold period of four months and one day from the closing date.<\/p>\n
The deal is set to close in the coming weeks but is subject to approval from the TSX Venture Exchange.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
CALGARY – High Tide Inc. says it has signed a deal to acquire premium cannabis brand Queen of Bud's intellectual property. Calgary-based pot retailer High Tide says it will pay $1 million for the IP, trademarks and other assets owned by Queen of Bud. Some $100,000 of the $1 million will be paid in cash […]<\/p>\n","protected":false},"author":362,"featured_media":681,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2024-03-15T04:44:38","updated":"2024-03-15T23:00:00","_infotelid":"IT103779","_prepressid":"103779","_multisite_post_sync":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/682\/cannabis-retailer-high-tide-buys-pot-brand-queen-of-buds-ip-for-1m\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cannabis retailer High Tide buys pot brand Queen of Bud’s IP for $1M","url":"http:\/\/infonews.ca\/in420\/news\/682\/cannabis-retailer-high-tide-buys-pot-brand-queen-of-buds-ip-for-1m\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/682\/cannabis-retailer-high-tide-buys-pot-brand-queen-of-buds-ip-for-1m\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID103779-2032.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID103779-2032.jpg"},"articleSection":"iN420","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2024-03-15T11:44:38Z","datePublished":"2024-03-15T11:44:38Z","dateModified":"2024-03-16T06:00:00Z"},"rendered":"