Mr. Raj Grover reports

HIGH TIDE TO OPEN THREE NEW CANNA CABANA LOCATIONS

High Tide Inc. will open three new Canna Cabana-branded locations across Ontario and Alberta, located in the cities of Calgary, London and Brampton. These openings bring High Tide's total store count to 218 Canna Cabana locations across Canada, 91 in the province of Alberta and 94 in the province of Ontario.

"Opening three new Cabanas across key high-growth markets underscores the durability of our discount club model and our ability to execute with precision," said Raj Grover, founder and chief executive officer of High Tide. "With these additions, we will officially reach the upper end of our goal to open 20 to 30 new locations this year.

"Delivering on our commitments while expanding in key markets highlights the strong momentum behind the Canna Cabana brand, and we're proud to close out the year having achieved exactly what we set out to accomplish," added Mr. Grover.

London location

The company's new Canna Cabana located at 1299 Oxford St. E in London, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on Dec. 15, 2025, pending regulatory approval. Located at a major east-end intersection in a plaza that offers a mix of essential retail and quick-service options driving steady daily traffic, this new Cabana sits in an underserviced area with strong surrounding residential density that continues to grow.

Brampton location

The company's new Canna Cabana located at 34 Avondale Blvd. in Brampton, Ont., is expected to begin selling recreational cannabis products and consumption accessories for adult use on Dec. 20, 2025, pending regulatory approval. This neighbourhood plaza site benefits from a young, fast-growing population and limited nearby competition. Supported by daily-needs retailers and quick-service options, the location provides steady foot traffic and strong potential as a convenient local shopping destination.

Calgary location

The company's new Canna Cabana located at 7248 Ogden Rd. SE in Calgary, Alta., will begin selling recreational cannabis products and consumption accessories for adult use on Dec. 23, 2025, pending regulatory approval. Positioned in a southeast residential neighbourhood, this location serves one of Calgary's mature communities with minimal direct competition. The store sits within a local plaza alongside everyday conveniences such as a gas station, liquor store and quick-serve restaurants and is closely connected to nearby industrial employment areas, supporting steady traffic throughout the day.

Berlin store update

The company's Berlin Canna Cabana location is temporarily closed while the company addresses an operational matter. The company expects to have this resolved as soon as possible.

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. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide is uniquely built around the cannabis consumer, with wholly diversified and fully integrated operations across all components of cannabis, including:

• Retail: Canna Cabana is the largest cannabis retail chain in Canada, with 218 domestic and one international location. The Company's Canadian brick-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, holding a growing 12-per-cent share of the market. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. In 2025, the company became the first North American cannabis operator to launch a brick-and-mortar presence in Germany. The company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD (cannabidiol) products.
• Medical cannabis distribution: Remexian Pharma GmbH is a leading German pharmaceutical company built for the purpose of importation and wholesale of medical cannabis products at affordable prices. Among all German medical cannabis procurers, Remexian has one of the most diverse reaches across the globe and is licensed to import from 19 countries, including Canada.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by The Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. 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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