Mr. Raj Grover reports

HIGH TIDE OPENS SECOND CANNA CABANA IN MISSISSAUGA, ONTARIO

High Tide Inc.'s Canna Cabana retail cannabis store located at 1891 Rathburn Rd. E, Mississauga, Ont., will begin selling recreational cannabis products and consumption accessories for adult use today at 4:20 p.m. This opening will mark High Tide's 164th Canna Cabana branded retail cannabis location in Canada, the 55th in the province of Ontario and the second in Mississauga.

This brand new Canna Cabana opens in the northeast end of Mississauga, surrounded by over 100,000 residents within a five-kilometre radius with a mix of single-family homes and multifamily residential towers. Nestled in a well-trafficked retail plaza that is anchored by a major grocery chain and a nationally recognized pharmacy retailer and complemented by quick-service restaurants, this store will welcome new Elite and Cabana Club members from the surrounding neighbourhoods. Moreover, this Canna Cabana is a 10-minute walk from Garnetwood Park, with access to Etobicoke Creek Trail and Lorrie Mitoff Trail, among others, through the city's beautiful green space.

"I am pleased to announce the opening of our second Canna Cabana location in Mississauga. Given the population density surrounding this bustling retail plaza, these carefully selected organic locations, such as this Kingsbury store, provide a meaningful boost to our robust retail store portfolio in Canada's largest province. It also amplifies the Canna Cabana brand in the northeast end of Mississauga, complementing our newly opened Mavis location and other stores to be announced in the coming weeks," said Raj Grover, founder and chief executive officer of High Tide.

"Increasing our store footprint in Ontario, which recently doubled its retail cannabis store cap to 150, will play a key part in hitting our long-term goal of operating 300 Canna Cabana locations across Canada. With our leading free cash flow generation, we anticipate increasing the pace of new store openings across Canada, and I look forward to announcing more Canna Cabana store openings in premier real estate locations throughout the year," 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 and is the second-largest cannabis retailer in North America by store count. High Tide is uniquely built around the cannabis consumer, with wholly diversified and fully integrated operations across all components of cannabis, including:

• Brick-and-mortar retail: Canna Cabana is the largest non-franchised cannabis retail chain in Canada, with 164 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in North America.
• Retail innovation: Fastendr is a unique and fully automated technology that integrates retail kiosks and smart lockers to facilitate a better buying experience through browsing, ordering and pickup.
• E-commerce platforms: High Tide operates a suite of leading accessory sites across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com.
• CBD (cannabidiol): High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
• Wholesale distribution: High Tide keeps that cannabis category stocked with wholesale solutions through Valiant.
• Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and licence agreements under the Famous Brandz name.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies in 2021, 2022 and 2023 by The Globe and Mail's Report on Business Magazine, and was named as one of the top 10 performing diversified industries stocks in both the 2022 and 2024 TSX Venture 50. High Tide was also ranked No. 1 in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023.

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