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The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar...
The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar Year This news release constitutes a... | June 15, 2023
Transaction Follows Recent Acquisitions of U.S. Based FAB CBD and U.K. Based Blessed CBD Acquisition boosts High Tide's current U.S. revenue run rate by ~40%...
Transaction Follows Recent Acquisitions of U.S. Based FAB CBD and U.K. Based Blessed CBD Acquisition boosts High Tide's current U.S. revenue run rate by ~40%...
Share this article Share this article Acquisition boosts High Tide's current U.S. revenue run rate by ~60% to over C$40 Million Highly accretive transaction for shareholders, as FABCBD generated 2020 revenue of US$10.8 Million and EBITDA of US$4.3 Million – with each metric having more than doubled in each of the past two years Strong financial profile which generated 74% gross margins and 40% EBITDA margins in 2020 Complementary acquisition adding a fully direct to consumer e-commerce platform, which is in line with High Tide's retail strengths Potential for meaningful synergies and cross...