High Tide Acquires META Via Stock-Based Merger

Canadian cannabis retailers High Tide Inc. (CSE: HITI) (OTCQB: HITIF) and Meta Growth Corp. (TSXV: META) jointly confirmed stock-based merger on Friday.

The Calgary, Alberta-based company opted to purchase all of the Meta Growth’s issued and outstanding shares.

Both parties entered into a definitive arrangement agreement on Thursday, August 20.

Transaction Details

Under the transaction terms, META shareholders would obtain 0.824 of a High Tide share for each META Share.

In addition, META shareholders will hold around 45.625% ownership in the combined retail entity.

The newly formed entity would operate 63 retail locations, …

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