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In the year 2015, the state of Colorado collected over $135 million worth of taxes from the cannabis trade. This tax was levied on the total revenue generated by the state government including recreational and medical cannabis. There are also, specialized eCommerce platforms and delivery systems dedicated to weed. .
The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBITDA 1 , with 90 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. The High Tide Shares issued pursuant to the Share Consideration are subject to a statutory hold period of four months and one day.
Products will be distributed through Valens’ Australian Distribution Partner, Cannvalate PTY Ltd (“Cannvalate”), and will be the largest quantity of products provided to Cannvalate for distribution to date (collectively, the “ Transaction “). Epsilon also operates a turn-key cannabis cultivation solutions provider based in Vancouver, Canada.
Million in cash (collectively with the Share Consideration, the “ Consideration “). The consideration for the 80% acquired will be comprised of: (i) £4.9 The cash portion of the transaction will be funded entirely with cash on hand. High Tide’s retail segment features the Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co.
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