CALGARY — Cannabis retailer High Tide Inc. has signed a deal to buy Livonit Foods Inc., which operates two stores in Ontario under the Bud Heaven banner.
The company is paying $2.8 million in shares for the stores located in Bracebridge, Ont.
High Tide CEO Raj Grover says the deal helps it become a meaningful player in Ontario’s cottage country, a region where it did not have a presence.
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High Tide has more than 100 locations across Ontario, Alberta, Manitoba and Saskatchewan.
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Its banners include Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co.
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