Today the Canadian cannabis company High Tide announced that they were recently listed on the Frankfurt Stock Exchange (FSE). The company is currently being listed under the securities identification code “WKN: A2PBPS” and the ticker symbol “2LY”. High Tide is also currently listed on the Canadian Securities Exchange as HITI. The FSE is the largest stock exchange in Germany and the tenth largest in the world.
The sudden interest in High Tide by European investors comes after the company recently purchased Grasscity.com, adding customer based smoking accessory retail to their already impressive repertoire of brands. Raj Grover, president and CEO of High Tide had this to say, “High Tide’s listing on the FSE enables European and other international investors to participate in our six operating businesses and the achievement of our growth initiatives.” Investors may also choose to invest in Grasscity.com, which is listed on the FSE as well.
There is no doubt that the acquisition of Grasscity has had a huge impact on High Tide’s sudden prominence with European investors. “Since recently completing our acquisition of Amsterdam-based Grasscity, the world’s premier online store for smoking accessories and cannabis lifestyle products, interest from European investors has increased. Therefore, listing on the FSE enables us to diversify our growing retail and institutional investor base,” Grover said. High Tide purchased Grasscity at the end of last year.
The world’s best online headshop now joins brands such as RGR Canada, Famous Brandz, which produces some of your favorite glass brands such as Cheech and Chong, Snoop Dogg and the Trailer Park Boys line. If you were ever going to invest in High Tide and/or Grasscity now would be the perfect time!
For more information on this development, you can read the official press release here.