The Canadian cannabis retailer High Tide has made a move into the UK CBD sector by purchasing 80% of the Scottish CBD company Blessed CBD for just over £9m.
The deal for only four times Blessed’s EBITDA (earnings before interest, tax depreciation and amortisation) in the 12 months to August 2021 leaves a three-year option for High Tide to acquire the remaining 20% of the company at any time.
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