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High Tide Continues to Expand U.S. E-Commerce Presence Through Acquisition of Daily High Club

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High Tide Continues to Expand U.S. E-Commerce Presence Through Acquisition of Daily High Club
  • High Tide adds another top e-commerce platform to its portfolio which will now include 3 out of the top 5 most popular e-commerce platforms for consumption accessories globally totaling 91 million site visits in 2020, including 23 million associated with Daily High Club alone.1
  • High Tide gains access to Daily High Club’s over 15,000 subscription box members who are ideal customers for High Tide to potentially launch cannabis subscription boxes in the event of U.S. federal legalization.
  • High Tide bolsters its online presence, by gaining access to Daily High Club’s almost 800,000 followers on Instagram and over 75,000 followers on TikTok.
  • With over one million accessories sold under the Daily High Club name, High Tide adds a company to its portfolio with proven brand equity.
  • Transaction is immediately accretive as Daily High Club generated US$9.4 million in net revenue and US$1.2 million in EBITDA during the 12 months ended April 2021.
  • Pro forma for the acquisition, High Tide’s revenue run rate in the U.S. exceeds CAD$50 million.

High Tide Inc. (“High Tide” or the “Company“) (TSXV: HITI) (Nasdaq: HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it is taking another step towards solidifying itself as the leader within the U.S. e-commerce marketplace for consumption accessories by entering into a definitive agreement (the “Acquisition Agreement“) pursuant to which High Tide USA Inc., a wholly-owned U.S. subsidiary of the Company, will acquire 100% of the issued and outstanding shares of DHC Supply LLC (the “Transaction“) operating as Daily High Club (“Daily High Club“).

“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.

“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.

Strategic Highlights

With over 10 years of experience in the cannabis accessory sector, including through our subsidiaries Grasscity and Smoke Cartel, High Tide is constantly exploring opportunities to further increase its share in the growing consumption accessories market. Daily High Club’s consumption accessories subscription box model, with over 15,000 and growing active monthly subscribers, allows the Company to ensure this Transaction will be immediately accretive through cross-selling opportunities, and offering subscription box memberships across its other e-commerce platforms, including Grasscity.com and Smokecartel.com. Although currently operating in the hemp-derived CBD and consumption accessory space, High Tide intends to expand its cannabis retail network into the U.S. in the event of federal legalization, through cannabis subscription boxes, mature e-commerce sites and bricks and mortar locations.

Acquisition

Emotive.io Acquires Bloom Digital and Launches Emotive Attribution, Expanding Its All-in-One Growth Platform for eCommerce Brands

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Emotive.io Acquires Bloom Digital and Launches Emotive Attribution, Expanding Its All-in-One Growth Platform for eCommerce Brands

The Ecommerce leader will now be able to offer further resources to brands and launch a new product: Emotive Attribution

LOS ANGELES, May 19, 2023Emotive.io, the leading all-in-one growth platform for eCommerce brands, is excited to announce its recent acquisition of Bloom Digital, a renowned marketing agency specializing in SMS marketing, email marketing, and paid advertising. This strategic acquisition strengthens Emotive.io’s position as a comprehensive solution for eCommerce growth and enables the launch of a new product, Emotive Attribution, aimed at helping merchants optimize their marketing spend across all channels using a first-party pixel.

Founded in 2020 by Danielle Hixenbaugh, Bloom Digital Agency has quickly gained recognition for its customer-centric approach and results-driven strategies. As an anti-agency marketing agency, Bloom Digital puts people first and focuses on finding tailored solutions that align with clients’ goals, delivering tangible and profitable results.

“Our agency’s mission was always to revolutionize e-commerce marketing with top-notch strategies, reporting, and performance,” said Danielle, owner of Bloom. “Emotive’s goal is to be the ultimate solution for DTC brands looking to expand and scale. By joining forces, we’re poised to become the all-in-one tool that e-commerce business owners have been longing for.”

Emotive.io, originally founded in 2018 as an SMS platform for eCommerce brands, has recently expanded its offerings with two new product lines for 2023. Emotive Attribution is a groundbreaking addition to the platform, providing marketers with a comprehensive view of all marketing channel performance (Meta, Google, Snap, TikTok, SMS, Email, Pinterest, affiliate, and many more)  in one centralized location. Leveraging a first-party pixel, attribution model comparisons, and conversion journey insights, Emotive Attribution equips merchants with robust tracking capabilities in the post iOS16 world, enabling them to optimize their marketing spend and drive better results using first-party data.

Furthermore, with the acquisition of Bloom, Emotive.io also introduces Emotive Services, an extension of the agency’s expertise in SMS, email, and advertising revenue growth for eCommerce brands. Since its launch in Q4 of 2022, Emotive Services has rapidly grown into a 7-figure business line for Emotive.io, further expanding the platform’s capabilities and providing merchants with a dedicated partner to drive revenue growth across multiple marketing channels.

“We are thrilled to welcome Bloom Digital to Emotive and launch Emotive Attribution as part of our all-in-one growth platform for eCommerce brands,” said Brian Zatulove, CEO of Emotive.io. “This strategic acquisition and product expansion will enable us to provide even more comprehensive and effective solutions for eCommerce merchants, helping them grow throughout the entire funnel.”

With the acquisition of Bloom Digital and the launch of Emotive Attribution and Emotive Services, Emotive.io solidifies its position as the go-to partner for eCommerce brands seeking to elevate their marketing efforts and achieve outstanding results.

Emotive Services and Emotive Attribution are available now. To learn more about the platform, or to request a demo, visit https://emotive.io/

About Emotive.io:

Emotive.io is an all-in-one growth platform for eCommerce brands, providing innovative solutions for SMS marketing, email marketing, advertising, and attribution. With its user-friendly platform and data-driven approach, Emotive.io helps eCommerce merchants optimize their marketing strategies, drive revenue growth, and build lasting customer relationships. For more information, visit www.emotive.io.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/emotiveio-acquires-bloom-digital-and-launches-emotive-attribution-expanding-its-all-in-one-growth-platform-for-ecommerce-brands-301829916.html

SOURCE Emotive.io

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Acquisition

BlueAlly Acquires Corporate Armor Strengthening Online Presence & Expanding Vendor Alliances

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BlueAlly Acquires Corporate Armor Strengthening Online Presence & Expanding Vendor Alliances

BlueAlly Technology Solutions, a Source Capital portfolio company, has announced its acquisition of Corporate Armor, a leading supplier of technology, security, and infrastructure products. This strategic move enhances the scope of services and product offerings for clients, while strengthening BlueAlly’s market position.

The acquisition of Corporate Armor, founded in 2011, adds an experienced team and vast selection of security, wireless, and data storage products to the BlueAlly offering. Corporate Armor’s dedication to providing best-in-class products to IT departments and service providers nationally, combined with their team’s expertise in data center, network, and cloud security, makes it a valuable addition to the BlueAlly Technology Solutions family.

The CEO of BlueAlly Technology Solutions, George Barkley, expressed his confidence in the Corporate Armor team, stating, “By integrating Corporate Armor into BlueAlly, we add substantial ecommerce and client service experience to our existing competence. This acquisition furthers our commitment to the strategy of re-inventing the Value-Added Reseller model. By innovating and bringing the best minds in the industry together, we have created something even better for clients—tangible value.”

CEO and President of Corporate Armor, Luke Walling, also shared his enthusiasm, saying, “We are excited to join forces with BlueAlly as we share a common vision. Together we look forward to creating and delivering solutions that delight our clients. As a unified team, we are now bigger, better and faster than we would be apart.”

As BlueAlly Technology Solutions and Corporate Armor move forward together, they will continue to focus on providing superior quality products, expert consultation, and excellent client service. The integration of Corporate Armor into BlueAlly Technology Solutions’ existing portfolio will offer clients even greater value and a more comprehensive range of IT solutions to meet their ever-evolving needs.

For more information about the acquisition and how it will benefit customers, please visit BlueAlly.com or contact Jonathan Berger, BlueAlly CMO.

About BlueAlly Technology Solutions:

BlueAlly Technology Solutions, headquartered in Cary, NC, has been delivering comprehensive IT solutions to businesses of all sizes, government entities, educational institutions, and regulated industries nationwide since 1999. The company is focused on security governance & compliance, cloud & infrastructure, and application & automation, and offers consulting and managed services in these solution categories.

About Corporate Armor:

Corporate Armor is a leading supplier of technology, security, and infrastructure products, offering one of the largest curated selections online. With a focus on superior quality, expert consultation, and exceptional client service, Corporate Armor delivers a white-glove experience, removing pain and complexity, and serving the needs of organizations across all industries.

About Source Capital:

Source Capital is a private equity firm that invests in mature, middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Source Capital was founded in 2002 and has offices in Atlanta and San Francisco.

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Acquisition

Voices acquires Voices.ai, a next generation developer platform for voice applications

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Voices acquires Voices.ai, a next generation developer platform for voice applications

Voices, the world’s leading voice over marketplace, has acquired Voices.ai and aims to launch the next generation software development platform for voice applications.

A developer platform is a set of tools, services, and resources that facilitate software development and empower developers to create, test, and deploy applications, products, or services. The Voices.ai developer platform will include APIs (Application Programming Interfaces), libraries, frameworks, documentation, tutorials, and cloud infrastructure services.

A recent poll of Voices customers found that 40% have used AI voices in the past, and another 60% said they would consider doing so in the future. Further, Voices has experienced a surge in voice over jobs in the voice assistant category, seeing an increase of 440% year-over-year.

David Ciccarelli, CEO and Founder of Voices recognizes the differences between a natural voice and digitally generated ones. “While there will always be a place for voice actors who bring their unique interpretation to a script and create character voices, there are many applications that don’t require artistic interpretation,” says Ciccarelli. “These applications, traditionally known as industrials, are a perfect fit for synthetic voices, more commonly referred to as AI voices.”

Ciccarelli states that short, informative and dynamically changing content are best suited for AI voices. These include urgent public service announcements, improvements to turn-by-turn directions, or eLearning modules that require ongoing updates.

“The reality is that many applications would benefit from AI generated voices in real-time rather than rely on recordings done by voice talent. Especially when the content changes frequently, having access to voices created instantly offers a benefit not previously realized.”

About Voices

Voices is the world’s #1 voice marketplace, with over 4 million registered users. Since 2005, the biggest and most beloved brands have entrusted Voices to help them find professionals to bring their projects to life. Voices helps match clients with voice over professionals in over 160 countries and 100+ languages and dialects.

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