High Tide completed the acquisition of an 80% stake in NuLeaf Naturals for $31m.

High Tide, a retail-focused cannabis company, completed the acquisition of an 80% stake in NuLeaf Naturals, a provider of cannabinoid wellness products, for $31m. Founded in 2014 with its headquarters in Denver, Colorado, NuLeaf is a market leader focused on the production and distribution of premium cannabinoid wellness products. It has received over 25k verified 5 star customer reviews through its e-commerce platform. NuLeaf can produce 60k plant-based softgels per hour and is one of only a few manufacturers in the United States that can produce a vegan softgel.