Mr. Terry Booth of Aurora reports

AURORA CANNABIS PROVIDES UPDATE ON ITS STRATEGIC INVESTMENT IN HIGH TIDE INC.

Aurora Cannabis Inc. has provided an update on its strategic investment in High Tide Inc. Since Aurora completed its $10-million investment in the High Tide convertible debenture offering on Dec. 13, 2018, High Tide has successfully achieved a number of its strategic growth initiatives.

Over the last two months, High Tide announced the following corporate of milestones:

• Dec. 17, 2018: High Tide listed its common shares on the Canadian Securities Exchange under the stock symbol HITI.
• Dec. 19, 2018: High Tide completed the acquisition of Amsterdam-based Grasscity, an established global e-retailer of smoking accessories and cannabis lifestyle products.
• Jan. 7 to Jan. 24, 2019: High Tide opened its fifth, sixth and seventh Canna Cabana retail stores in Alberta.
• Jan. 10, 2019: High Tide launched a free recycling program at its Canna Cabana stores for all Health Canada-approved cannabis product packaging.
• Jan. 30, 2019: High Tide entered into two letters of intent to acquire separate retail locations in Saskatchewan.
• Jan. 31, 2019: High Tide listed its shares on the Frankfurt Stock Exchange under the stock symbol 2LY.
• Feb. 4, 2019: High Tide entered into a letter of intent with a winner of the Alcohol and Gaming Commission of Ontario's expression of interest lottery to assist with the establishment and operation of one of 25 retail cannabis stores in the province.
• Feb. 12, 2019: High Tide was selected by a second winner of the Alcohol and Gaming Commission of Ontario's expression of interest lottery to assist with the establishment and operation of one of 25 retail cannabis stores in the province.

High Tide is rapidly expanding its retail segment with an additional 26 Canna Cabana stores under various stages of construction. Simultaneously, High Tide's wholesale segment continues to grow with the overall cannabis industry through the addition of new customer accounts and cannabis accessory products to its large catalogue.

Management commentary

"High Tide continues to execute on its goals and is leading by example in the downstream segment of the cannabis industry," said Terry Booth, chief executive officer of Aurora. "The pace of achievements by High Tide in such a short period of time reinforces the value of our strategic investment. We're pleased with the rigour Raj and his team have shown in strategically allocating our capital to fuel their growth initiatives and we look forward to what High Tide will achieve in this important segment of the Canadian consumer cannabis market."

About Aurora Cannabis Inc.

Headquartered in Edmonton, Alta., Canada, with financed capacity in excess of 500,000 kilograms per annum and sales and operations in 23 countries across five continents, Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, and wholesale and retail distribution.

About High Tide Inc.

High Tide is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. 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.

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