High Tide Inc. (TSXV:HITI) entered into a binding agreement to acquire Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 5.1 million on June 28, 2022. The consideration will be satisfied through the issuance of common shares of High Tide. As per the acquisition, High Tide will acquire two operating retail cannabis stores in British Columbia, six operating retail cannabis stores in Alberta, and one operating retail cannabis store in Ontario. For the three months ended April 30, 2022, collectively, the Stores generated annualized revenue of CAD 10.2 million and annualized Adjusted EBITDA of CAD 1.3 million. The Transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, court approval, approval from various provincial regulators, and other customary conditions of closing, and is expected to close in the coming weeks. As of August 4, 2022, High Tide Inc. completed its acquisition of eight operating retail cannabis stores in British Columbia and Alberta for CAD 4.2 Million. The Acquisition was completed pursuant to the terms of a binding agreement dated June 28, 2022. High Tide acquired the Stores, including inventory, for CAD 4.2 Million, by issuing 1,782,838 common shares of High Tide at a deemed price of CAD 2.3375 per High Tide Share. Pursuant to the Acquisition Agreement, 70% of the High Tide Shares issued are subject to a four month hold. The Company intends to complete the acquisition of the ninth store in Niagara, Ontario, pending regulatory approvals. The closing of the Acquisition remains subject to final approval from the TSXV.

High Tide Inc. (TSXV:HITI) completed the acquisition of Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 4.4 million on September 1, 2022. High Tide acquired the final retail cannabis location for CAD 1.1 Million, for approximately CAD 300,000 in cash and by issuing 364,185 common shares of High Tide at a deemed price of CAD 2.3375 per High Tide Share. The closing of the Acquisition remains subject to final approval from the TSXV.