High Tide Inc. Completes The Acquisition Of DHC Supply LLC
High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, adds another top e-commerce platform to its portfolio.
Acquisitions

High Tide Inc. Completes The Acquisition Of DHC Supply LLC

High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, adds another top e-commerce platform to its portfolio.
Acquisitions

High Tide Inc. Completes The Acquisition Of DHC Supply LLC

Author James Eason
PUBLISHED
Jul 14, 2021
read time 1 MIN
SPRED IT

High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, adds another top e-commerce platform to its portfolio. They have just completed the acquisition of DHC Supply LLC operating as Daily High Club. The company’s portfolio will now include three out of the top five most popular e-commerce platforms for consumption accessories globally, totaling 91 million site visits in 2020, including 23 million associated with Daily High Club alone.

High Tide adds a company to its portfolio with proven brand equity — Daily High Club has over 1 million smoking accessories sold, almost 800,000 followers on Instagram, over 75,000 followers on TikTok, and 15,000-plus subscription box members.

In addition, Daily High Club CEO Harrison Baum has joined the High Tide team as Director of Digital Marketing. Baum will oversee all social media initiatives for High Tide globally. High Tide granted 13,333 stock options to Baum, exercisable at CAD$9.39 per High Tide share for a period of three years.

SPRED IT
Join The Conversation
{
0 comments
}

Got a tip for the team? We'd like to hear it!
Email:

*All comments are moderated before being published


TAGS
Business
Daily high club
Dhc supply llc
Harrison baum
High tide inc.
Marijuana companies
Mergers & acquisitions
Top Articles
Explore More >
Explore More >