Mr. Raj Grover reports

HIGH TIDE OPENS SECOND CANNA CABANA IN KANATA, ONTARIO

High Tide Inc.'s Canna Cabana retail cannabis store located at 457 Hazeldean Rd., Kanata, Ont., has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 161st Canna Cabana branded location in Canada, the 53rd in the province of Ontario and the second in Kanata.

With a population of approximately 100,000 and a mix of civil servants and high-tech workers, Kanata is ideally suited for the Canna Cabana brand. This new store is situated on Kanata's main thoroughfare and is in a major retail power centre, anchored by a provincially owned liquor store chain and an upscale grocery store chain among several popular quick-service restaurants.

"Our new Kanata location complements our highly successful existing store in the heart of Kanata's tech district. This new site is situated strategically in Kanata's commercial district in a well-trafficked retail power centre, which ensures that all residents of this fast-growing and prosperous Ottawa suburb will have easy access to our innovative discount club model, servicing even more Elite and Cabana Club members," said Raj Grover, founder and chief executive officer of High Tide.

"The bulk of our expansion and organic store openings for early 2024 will be focused in Ontario. With the store cap set to double and Mississauga, Ontario's third-largest city, recently opting into legal cannabis sales, we are very excited about the opportunity that Canada's largest province holds. As we have seen in other provinces, illicit market capture is highest where legal cannabis retailers are allowed to grow with market demand, and our store sale volumes clearly show the demand from Ontarians for safe recreational cannabis products, " added Mr. Grover.

About High Tide Inc.

High Tide is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. High Tide is uniquely built around the cannabis consumer, with wholly diversified and fully integrated operations across all components of cannabis.

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