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News analysis

High Tide enters UK market with £9m purchase of Scotland’s Blessed CBD

Written by || 11th October 2021 || News analysis | Companies | GeographiesCanada Europe North America United Kingdom

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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Freddie Dawson

Senior news editor
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the CannIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.

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