06:51 AM EDT, 09/02/2025 (MT Newswires) -- Cannabis retailer High Tide Inc. ( HITI ) , trading shy of 52 week highs in Canada and the United States, on Tuesday announced that it has completed the acquisition of a 51% interest in Remexian for an estimated purchase price of 26.4 million euros,

A statement noted the purchase price will be finalized in 30 days, once the final closing balance sheet is available, and the deal will include a five-year option to buy the remaining 49% of Remexian at any time after 24 months.

"Today marks a transformational moment in High Tide's journey as we officially plant our flag in Europe. With the closing of this majority acquisition of Remexian, High Tide is no longer just a Canadian success story, we are now a global cannabis company with real scale in Europe's largest federally regulated market," said Raj Grover, Founder and Chief Executive Officer of High Tide.

"This transaction not only diversifies our revenue base beyond Canada but also creates a clear runway for expansion across Europe's regulated cannabis markets. With our proven track record of disciplined growth and free cash flow generation, we believe this acquisition positions High Tide for long-term global leadership."

HITI was up 0.4% in Canada last Friday, before the Labor Day holiday weekend.