Mr. Raj Grover reports

HIGH TIDE CELEBRATES 4/20 WITH NEW CANNA CABANA IN CALEDONIA, ONTARIO

High Tide Inc.'s Canna Cabana retail cannabis store located at 345 Argyle St. South in Caledonia, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on April 20, 2026. This opening brings High Tide's total store count to 221 Canna Cabana locations across Canada and 97 in the province of Ontario.

This new Canna Cabana location in Caledonia is strategically positioned at the south end of town, distinctly separated from the limited existing competition located on the north end, and anchors a high-draw commercial node that includes a pharmacy, liquor store and multiple best-in-class national retailers. The site serves a growing trade area with strong household income demographics and is well placed to welcome adult-use cannabis consumers from across Caledonia and the surrounding Haldimand County region.

"Opening on 4/20 is always symbolic, but this year is especially meaningful as we approach eight years since launching our very first Canna Cabana store in October, 2018. Since then, we've built one of the most original and recognized brands in cannabis by staying focused on delivering unbeatable value and a best-in-class experience for our Cabana Club members," said Raj Grover, founder and chief executive officer of High Tide.

"Bringing that experience to Caledonia on such a milestone day is something we're incredibly proud of. This location is another step forward as we continue to scale our model with discipline and deepen our connection with cannabis consumers across the country," 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. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) 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 221 domestic and one international location. The company's Canadian bricks-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 products. In 2025, the company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany. The company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived 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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