Reported 1 day ago
Cronos Group Inc. has announced a $30 million convertible debt investment in High Tide Inc., aiming to expand cannabis retail in Canada. This funding will assist High Tide in growing its store network to over 300 locations and conducting acquisitions. The collaboration reflects Cronos's strategy to enhance its market presence and customer access, while the company reports solid revenue growth of 27.6%. Cronos is set to release its Q2 earnings on August 7, focusing on long-term growth and market strategies.
Source: YAHOO