High Tide buying two Jimmy's Cannabis Shop locations in British Columbia

Canadian cannabis company High Tide Inc. /zigman2/quotes/201958100/composite HITI -2.63% /zigman2/quotes/222662325/delayed CA:HITI -0.79% said Thursday it agreed to pay C$5.3 million ($3.88 million) to acquire two retail stores in British Columbia from seller 1171882 B.C. Ltd., operating as Jimmy's Cannabis Shop BC. The stores, one in Cranbrook and the other in Prince George, generated C$5.4 million in annualized revenue for the trailing four months ended May 31. Shares of High Tide are down 64.4% in 2022, compared to a 65.2% drop by the Cannabis ETF /zigman2/quotes/213173823/composite THCX -0.05% .

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High Tide Inc.

US : U.S.: Nasdaq

$ 1.85

-0.05 -2.63%

Volume: 331,559

Sept. 29, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$140.19 million

Rev. per Employee

N/A

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High Tide Inc.

CA : Canada: TSX Venture

$ 2.50

-0.02 -0.79%

Volume: 38,796

Sept. 29, 2023 3:59p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$189.22 million

Rev. per Employee

N/A

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AXS Cannabis ETF

US : U.S.: NYSE Arca

$ 18.52

-0.0097 -0.05%

Volume: 4,170

Sept. 29, 2023 4:10p