Canadian hashish retail and accent firm High Tide Inc. is making use of for a listing on the Nasdaq change within the United States, with plans to pursue mergers and acquisitions.
Calgary, Alberta-based High Tide says it’s Canada’s largest leisure marijuana retailer by income, with 67 places in Alberta, Manitoba, Ontario and Saskatchewan after finishing its acquisition of competitor Meta Growth in November.
The firm stated it’s looking for the Nasdaq listing “as a part of its capital markets initiative with the goal of enhancing shareholder value.”
“This initiative allows the Company to accelerate its business strategy focused on the United States, both in attracting institutional and retail investors and M&A opportunities within the U.S.,” stated High Tide in a news release issued Wednesday.
High Tide, which operates marijuana accent and CBD e-commerce companies within the U.S., stated it already earns roughly 23% of its income in that nation.
High Tide stated it might keep its Canadian inventory listing.
The firm’s shares are presently traded on the TSX Venture Exchange as HITI, in addition to over-the-counter.