High Tide Closes Acquisition of a Majority Stake in Remexian Pharma GmbH | Where to order Skittles Moonrock online
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[PRESS RELEASE] – CALGARY, Alberta, Sept. 2, 2025 – High Tide Inc., the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced that, further to its press release dated Aug. 14, 2025, the company has completed the acquisition of a 51% interest in Remexian for an estimated purchase price of €26.4 million, such amount to be finalized in 30 days, once the final closing balance sheet is available, and will have a five-year option to acquire the remaining 49% of Remexian at any time after 24 months. Capitalized terms not otherwise defined herein have the meanings attributed to them in the Aug. 14 release.
www.sedarplus.ca. It implies an enterprise valuation of €53.4 million, representing 3.64065 times annualized adjusted EBITDA2 generated during the six months ended March 31, 2025. The estimated purchase price of €26.4 million for the 51% of equity acquired was satisfied as follows.
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2 Adjusted Earnings before interest, taxes, depreciation, and amortization (“EBITDA”). This measure does not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and is, therefore, unlikely to be comparable to similar measures presented by other issuers. Non-IFRS measures provide investors with a supplemental measure of operating performance and, therefore, highlight trends in the core business that may not otherwise be apparent when relying solely on IFRS measures.
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