Mr. Raj Grover reports

HIGH TIDE TO OPEN TWO NEW CANNA CABANA LOCATIONS IN WELLAND AND CALGARY

High Tide Inc. has opened a new Canna Cabana branded location in Welland, Ont., and expects to open an additional location in Calgary, Alta. These openings bring High Tide's total store count to 224 Canna Cabana locations across Canada, 99 in the province of Ontario and 92 in the province of Alberta.

"Our growth story continues to be driven by a simple formula: securing strategic real estate in high-potential markets and connecting more consumers to the value offered through our Cabana Club and Elite programs. The addition of these locations further strengthens our network effect and expands our ability to acquire and retain loyal members across Canada," said Raj Grover, founder and chief executive officer of High Tide.

"We are especially pleased to reinforce our leadership position in Alberta, where High Tide was founded, while continuing to grow our presence in Ontario. As our store network and membership ecosystem expand together, we believe we are creating a competitive moat that becomes stronger with every new location we open," added Mr. Grover.

Welland location

The company's new Canna Cabana, located at 960 Niagara St. in Welland, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on June 10, 2026. Marking the company's first store in the city of Welland, the location anchors a newly developed commercial node at the north end of the city alongside a major grocer and other popular retailers. It serves a growing trade area of more than 65,000 residents within five kilometres and limited existing competition, positioning it as the most convenient cannabis retail option for residents in the north end of Welland.

Calgary location

The company's new Canna Cabana, located at 16 MacEwan Dr. NW in Calgary, Alta., is expected to begin selling recreational cannabis products and consumption accessories for adult use on June 26, 2026, pending regulatory approval. The store anchors a new retail node in northwestern Calgary, with no direct cannabis competition in its immediate trade area and only limited competition across a densely populated surrounding area of more than 60,000 residents within three kilometres. Situated alongside frequently visited retail locations, including a gas station and convenience store with ample parking, the location is an easily accessible neighbourhood stop. With the absence of any major competitor in the area, the site is strongly suited to the company's value-driven discount club model.

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 224 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 (cannabidiol) products. In 2025, the company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany.
• Medical cannabis distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a 14-per-cent share of the German medical cannabis market, 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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