NewLeaf Cannabis is a retail brand owned by High Tide Inc., Canada's largest recreational cannabis retailer as measured by revenue. High Tide operates a total of 93 cannabis retail locations across Ontario, Alberta, Manitoba, and Saskatchewan as of September 2021.
In addition to its brick-and-mortar stores, High Tide has a significant online presence in the US cannabis accessories and CBD markets. The company owns three of the top five online platforms for cannabis accessories globally. In March 2022, High Tide acquired FAB CBD, a successful CBD company that generated USD 11 million in revenue and USD 4.2 million in EBITDA.
High Tide has been expanding its product offerings through partnerships. In September 2021, the company announced plans to launch its own white-label cannabis 2.0 products in collaboration with Heritage and LOOSH, targeting differentiation in the extracts and edibles market. High Tide also aims to bring its FAB CBD brand to the Canadian market through a partnership with a licensed producer.
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