High Tide ( (TSE:HITI) ) has provided an update.
On February 25, 2025, High Tide Inc. announced it is pausing its acquisition of a 51% interest in Purecan GmbH, initially declared on January 13, 2025, as part of its strategy to enter the German medical cannabis market. The company is now exploring alternative arrangements with Purecan to maintain its planned market exposure in Germany, although there is no certainty of proceeding with these alternatives. High Tide remains committed to the German market and will consider other opportunities for entry.
More about High Tide
High Tide Inc. is a leading cannabis enterprise known for its retail-forward approach and is the second-largest cannabis retailer globally by store count. The company operates a diverse range of businesses including bricks-and-mortar retail through Canna Cabana, retail innovation with Fastendr, e-commerce platforms for consumption accessories, and a variety of consumer-facing cannabis brands. High Tide also engages in wholesale distribution, CBD product cultivation, and licensing partnerships, consistently pushing forward in the cannabis industry.
YTD Price Performance: -24.40%
Average Trading Volume: 726,118
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $203.5M
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