Smoke Cartel Inc. (fka SMKC)

[greasemonkeyshoes]

when it rains,it pours......
https://www.otcmarkets.com/stock/HITIF/disclosure
key points:
closing date was Jan 25,2021
and
each share of smkc acquired and valued at 30.9c,to be exchanged for
1 cash of 7.7c
2 0.66 "hitif" share at 35c(per share,my estimate)
3 may take up to 12 months from Jan 25,2021 to close the deal.

back drop:
"On January 25, 2021, the Company entered into an agreement to acquire all of the issued and outstanding shares of Smoke
Cartel (“SC”) for US$8.0 Million, implying an approximate value of US$0.309 per SC Share, representing a premium of 33%
to Smoke Cartel’s last closing share price of US$0.232 (Jan. 22, 2021). The consideration will be comprised of: (i) US$6.0
Million in common shares of High Tide (“HT Shares”) on the basis of a deemed price per HT Share equal to the volume
weighted average price per HT Share on the TSX Venture Exchange for the 10 consecutive trading days preceding closing of
the Transaction; and (ii) US$2.0 Million in cash. As a result of U.S. securities law considerations, significant Smoke Cartel shareholders have agreed to allow the Cash Consideration to be allocated first to Smoke Cartel’s shareholders generally,
who will be paid fully in cash, using all or a portion of the Cash Consideration. Pursuant to the Acquisition Agreement, 25%
of the Share Consideration will be placed in escrow for a period of 12 months from Closing."