Daily High Club Archives - Green Market Report

StaffJune 25, 2021
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4min12210

High Tide Inc. (Nasdaq: HITI)  is buying DHC Supply LLC operating as Daily High Club in a deal valued at $10 million. It is expected to close around the end of June 2021. The transaction will consist of  $6.75 million in common shares of High Tide and $3.25 million in cash.

Daily High Club is an online retailer of glass water pipes, vaporizers, and other in-demand consumption accessories. Daily High Club provides a marketplace with a wide variety of high-quality products and subscription boxes. 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 boasts over 800,000 followers on Instagram and 75,000 followers on TikTok.

“In alignment with our intention to become a dominant player in the 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. “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. federal legalization. This subscription box model is complementary to our existing accessories e-commerce portfolio, and as such creates numerous opportunities for potential synergies. It’s my pleasure to welcome Harrison and the DHC team into our High Tide family,” added Mr. Grover.

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.

“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. “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 could not be more thrilled to be part of the High Tide family,” added Mr. Baum.

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. High Tide’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Tilray Inc. (TSX:TLRY) (Nasdaq:TLRY) and Aurora Cannabis Inc. (TSX:ACB) (Nasdaq:ACB).


Michelle JanikianDecember 22, 2017
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It’s the final countdown to Christmas, and if you’re like me, you still have some last minute shopping to do. But, have no fear! The Green Market Report has you covered for the cannabis enthusiasts in your life, both in legal states and nationwide. It can be a stressful time of year, but we’ve collected the best holiday strains and products to help ease your elf on the shelf anxiety and make your cannabis-loving friends and family happy as can be.

  1. THC Designs: 12 Holiday Strains

For the 12 days of Christmas, THC Designs has released 12 festive cannabis strains complete with holiday aromas and flavors, like spices, pine, and sugar plums. They have uplifting sativa-dominant strains for holiday parties, like XJ-13, as well as hybrids and indica-dominant strains to help with stress, migraines, and other pains the holidays can induce, like GG #4, Lemon Meringue, and Gelato #33. With 12 options to choose from, there is something for everyone on your shopping list.

“These strains will help get consumers into the holiday spirit and manage holiday stress during one of the best, but busiest, times of the year,” said Co-Founder Ryan Jennemann.

  1. Daily High Club’s Signature Smoking Supply Box

Daily High Club boxes are stuffed with high-quality smoking supplies like premium rolling papers, filters, and glass pieces. Because there’s no actual cannabis included in the kits, they can be shipped to all 50 states, making them a great gift for your 420-friendly family nationwide. Just in time for the holiday season, they teamed up with legendary pot-activist, Tommy Chong, to create Chong’s Choice box curated by the king of cannabis himself.

  1. Lowell Farms: One Ounce Tasting Flight

For your cannabis-loving buds in California, Lowell Farms has released their own gift box, filled with eight 1/8th jars of premium, organic flower. Lowell has become one of the biggest names for pre-rolls in the state, and with this gorgeous limited edition and hand-crafted box, you and your loved ones can taste them all.

  1. Nutritional High Chocolates

For your edible loving, chocolate-fanatic friends in Colorado, Nutritional High has just released two chocolate bars for the holiday season. They have a premium milk chocolate bar and a dark chocolate with sea salt bar, each containing a total of 100 mg of THC, 10 mg per serving. These gourmet chocolates were the vision of CEO Jim Frazier, who manufactured chocolate for 20 years before entering the cannabis industry.

  1. CBD Goodies

CBD was all the rage this year, so treat your loved ones (or yourself) to some premium CBD products this holiday season. Phivida makes a CBD-infused iced tea specially designed to improve GI health, as well as other CBD products. Cannabinoid Creations also makes CBD drinkables, like CBD Hemp Soda in five different flavors, including ginger ale and honeydew melon.

Both of these products only contain CBD – sans THC – so they’re legal to ship to all 50 states. Plus, CBD doesn’t have psychoactive properties like THC, so it’s perfect for a loved one that’s curious about the medical benefits of cannabis, but doesn’t want to get “high”. I’m looking at you, grandma!

  1. Club M 24K Box

This last gift is ideal for that person who appreciates the finer things in life. Named the 24K MBox because it’s actually worth $24,000, it’s filled with 120 curated cannabis products and includes a two-year subscription to Club M, a private, VIP cannabis concierge service used by celebrities.

“Here at Club M, we have seen the California cannabis market blossom, and I thought this was a timely offering and these products represent not only the best, most notable items of 2017, but it also reflects the increasing expectations of the sophisticated cannabis consumer,” said Club M Co-Founder, Chris Husong.

Extremely limited, there are only five total available boxes this holiday season and only in California. However, for that exclusive someone in your life, it really is ideal. Included is a crystal-encrusted vaporizer with over 200 individually placed Swarovski crystals, 10 hand-rolled, gold-foiled cannagars, Royal Tips 24K gold blunt tip with 420 diamonds, limited edition strains, edibles, and topicals, plus 3.5 ounces of the highest quality flower from brands like THC Designs. Each category, (edibles, vapes, tinctures, concentrates, and flower) has 24 unique products included, and it’s available until New Year’s Eve if they don’t sell out.


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