Financial terms of the agreement between the unidentified winner and High Tide weren’t disclosed by the company, which has seven Canna Cabana cannabis stores in Alberta. High Tide Inc. says it has signed a letter of intent with a winner of one of the opportunities to apply for a licence to operate a cannabis store in Ontario. ( Tijana Martin / THE CANADIAN PRESS )High Tide says the letter of intent includes the acquisition of a minority interest in the Ontario lottery winner and the option to acquire a greater interest in the future. High Tide is an Alberta-based company focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. Article Continued Below“The winner was looking for a strong partner and we are grateful that High Tide was selected to help them achieve their goals,” High Tide chief executive Raj Grover said in a statement.

Source: thestar February 04, 2019 14:03 UTC