![]() High Tide is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBITDA, with 87 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan. I could not be more thrilled to be part of the High Tide family,” added Mr. “Daily High Club’s social media dominance, coupled with High Tide’s vast manufacturing capabilities and mature e-commerce platforms should yield meaningful synergies. “I am extremely excited to be joining the High Tide team and see a huge opportunity to boost High Tide’s brands the same way we built our loyal following for Daily High Club,” said Harrison Baum, Founder and Chief Executive Officer of Daily High Club. High Tide also announced that Harrison Baum will be joining the High Tide team on closing as Director of Digital Marketing to oversee all social media initiatives for High Tide globally. It’s my pleasure to welcome Harrison and the DHC team into our High Tide family,” added Mr. This subscription box model is complementary to our existing accessories e-commerce portfolio, and as such creates numerous opportunities for potential synergies. “Daily High Club stood out to us because it is an increasingly popular consumption accessories online retailer, with a rapidly growing subscription box model which can easily be tailored to include cannabis products in the event of U.S. e-commerce marketplace through a combination of organic growth and accretive acquisitions, specifically targeting businesses with strong brand loyalty, I am thrilled to announce the acquisition of Daily High Club,” said Raj Grover, President and Chief Executive Officer of High Tide. “In alignment with our intention to become a dominant player in the U.S. Daily High Club boasts over 800,000 followers on Instagram and 75,000 followers on TikTok. Daily High Club has an active social media presence with numerous influencer and celebrity endorsements including deals with Tommy Chong, Chanel West Coast, and more. Daily High Club provides a marketplace with a wide variety of high-quality products and subscription boxes. The transaction will consist of $6.75 million in common shares of High Tide and $3.25 million in cash.ĭaily High Club is an online retailer of glass water pipes, vaporizers, and other in-demand consumption accessories. It is expected to close around the end of June 2021. ![]() (Nasdaq: HITI) is buying DHC Supply LLC operating as Daily High Club in a deal valued at $10 million. ![]() Given that the Daily High Club claims the title of the largest smoking subscription service, it's no surprise that its already attracted the attention of celebrities and influencers such as Waka Flocka and Casey Neistat.High Tide Inc. Consumers can have the boxes shipped directly to them in discreet packaging as well, with free shipping offered to those within the United States, and affordable rates offered to those within Canada and beyond. The Daily High Club offers a range of subscription packs, and allows consumers to cancel or change their subscription at any time with no hassle. To keep things interesting, the Daily High Club comes up with a new theme for every month, with some of its most popular being the PRIDE Box, Tommy Chong Box, and Silenced Hippie Box. In order to suit different consumer needs and preferences, consumers can choose to add one-time extras to their packs as well, with additional costs applied. The Daily High Club is a smoking subscription service that offers consumers surprise quality products on a monthly basis, which range from beautiful blown glass pieces, exclusive collaborations, and a variety of on-the-go supplies.
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