Customer Experience

High Tide to acquire Bud Room for $2.83M

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January 5, 2022

High Tide Inc., a retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, has agreed to acquire Bud Room Inc., for CAD$3.6 million ($2.83 million) and acquire all rights to the customized Fastendr retail kiosk and smart locker technology and Bud Room's retail cannabis store located at 1910 St. Laurent Blvd in Ottawa, Ontario, according to a press release.

Fastendr is a fully automated technology that integrates retail kiosks and smart lockers to facilitate a buying experience through browsing, ordering and pickup.