Mr. Raj Grover reports

HIGH TIDE CONTINUES CANADIAN EXPANSION WITH THREE NEW CANNA CABANA LOCATIONS

Pending regulatory approval, High Tide Inc. expects to open three new Canna Cabana locations over a four-day period in Lindsay and Orleans, Ont., and Regina, Sask. Once open, these locations will bring High Tide's Canadian Canna Cabana store count to 232, including 105 in Ontario and 14 in Saskatchewan.

"Every new store must earn its place in our network. These three locations combine strong traffic, high visibility and favourable competitive dynamics, which are exactly the kind of sites where Canna Cabana's scale, membership base and discount club model can build durable market share and generate attractive returns over time. We are expanding deliberately, not simply chasing store count, and will continue to put site quality and return on invested capital first," said Raj Grover, founder and chief executive officer of High Tide.

"With more than 15 locations currently at various stages of development, we expect a steady cadence of further store announcements through the calendar year-end. We remain on track to meet our goal of adding at least 20 new Cabanas in calendar 2026, funded from internally generated cash flow. I look forward to providing full financial results and operational highlights for the third fiscal quarter on Sept. 14," added Mr. Grover.

Lindsay location

The company's new Canna Cabana located at 351 Kent St. W, Unit 1, in Lindsay, Ont., is expected to begin selling recreational cannabis products and consumption accessories for adult use on Sept. 2, 2026. The company secured the Lindsay premises through an assignment of an existing lease from an established local operator. The location will be converted to the Canna Cabana banner.

Lindsay is the primary municipality in the city of Kawartha Lakes and serves as the regional commercial hub with cottage-country seasonal traffic and limited competitive density. The store benefits from strong visibility along a major shopping corridor and sits directly in front of a regional shopping centre anchored by a national grocer, a national home improvement retailer and a discount department store. With limited competitive density, this location represents an opportunity to establish Canna Cabana in a region where quality commercial sites are scarce.

Orleans location

The company's new Canna Cabana located at 900 Watters Rd. in the Orleans community of Ottawa, Ont., is expected to begin selling recreational cannabis products and consumption accessories for adult use on Sept. 4, 2026.

Ottawa has been a proven market for Canna Cabana, and this location extends the company's presence into a major eastern suburb it is not currently serving. The store is situated in a plaza anchored by a grocer, a discount department store, a national bank, and a mix of quick-service restaurants and commercial retail units, placing it in a commercial hub that residents visit as part of their daily routine. This is the first Canna Cabana in this major eastern Ottawa community, with more than 110,000 residents within five kilometres.

Regina location

The company's new Canna Cabana located at 6250 Rochdale Blvd. in Regina, Sask., is expected to begin selling recreational cannabis products and consumption accessories for adult use on Sept. 5, 2026.

The store is located along a major neighbourhood thoroughfare, beside a high-traffic gas station and adjacent to a national quick-service restaurant. The location is in the new northwestern Regina node, with approximately 90,000 residents within five kilometres and no competitor within one kilometre.

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 232 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. 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 brick-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-V 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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