Mr. Raj Grover reports

HIGH TIDE OPENS 220TH CANNA CABANA IN SARNIA, ONTARIO

High Tide Inc.'s Canna Cabana retail cannabis store, located at 1355 London Rd. in Sarnia, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on March 9, 2026. This opening brings High Tide's total store count to 220 Canna Cabana locations across Canada and 96 in the province of Ontario.

This location marks the company's first entry into the Sarnia market and represents a strong demographic fit as it expands further into Southwestern Ontario. Strategically positioned in the city's east end along London Road, the site offers excellent visibility within a well-established commercial node directly across Lambton Mall. The store benefits from a highly complementary tenant mix, co-tenanted with nationally recognized retailers, in addition to a concentration of big-box retail located directly across the street.

"I am pleased to announce our entry into the Sarnia market as we continue expanding into high-potential communities across Canada where Canna Cabana does not yet have a presence," said Raj Grover, founder and chief executive officer of High Tide. "Sarnia offers a strong demographic profile for cannabis retail, and we believe our discount club model will resonate well with local consumers seeking value, selection and a differentiated retail experience.

"While we are proud to have reached 220 stores nationwide, Canada still presents meaningful opportunities for continued organic expansion. Our approach remains disciplined and data-driven, focusing on quality locations and communities where the fundamentals support long-term growth," added Mr. Grover.

Webcast for High Tide earnings event

The company also announces that it will release its financial and operational results for the quarter ended Jan. 31, 2026, after financial markets close on Tuesday, March 17, 2026. High Tide's first fiscal quarter 2026 financial and operational results will be available on SEDAR+, EDGAR and on the company's website.

Following the release of its first fiscal quarter financial and operational results, High Tide will host a webcast with Mr. Grover, founder and chief executive officer, and Mayank Mahajan, chief financial officer, to discuss the company's financial results and what the remaining fiscal year holds for High Tide, at 11:30 a.m. Eastern Time on Wednesday, March 18, 2026.

Participants are encouraged to preregister for the webcast on-line prior to the beginning of the live webcast. Three hours after the live webcast, a replay of the webcast will be available.

Participants who wish to ask questions during the event may do so through the call-in line, the access information for which is as follows.

North American toll-free:  1-888-510-2154

International toll-free (Germany):  49-800-588-9782

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 220 domestic locations. 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. 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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