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High Tide Inc
Symbol HITI
Shares Issued 436,153,806
Close 2020-11-23 C$ 0.205
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High Tide complies with Ontario lockdown order

2020-11-23 07:36 ET - News Release

Mr. Raj Grover reports


High Tide Inc. is fully and immediately compliant with the order issued by the Province of Ontario to place Toronto and Peel under the lockdown category of the government's tiered framework for COVID-19 restrictions. In Toronto, the affected locations have been adjusted to offer only curbside pickup as of 12:01 a.m. on Monday, Nov. 23, 2020, with delivery services to follow shortly thereafter for the announced 28-day period. High Tide currently operates 60 other retail cannabis stores across Canada and it does not have any locations in the Peel region.

"Throughout the pandemic, we have remained agile in our operations to prioritize the needs of our customers across the country in a safe and compliant manner. Our curbside pickup services available at CannaCabana and MetaCannabis will continue to provide our Toronto-based customers with access to our full catalogue of cannabis products throughout the 28-day lockdown," said Raj Grover, president and chief executive officer of High Tide. "As a diversified cannabis company with 66 retail locations in four provinces, a robust e-commerce portfolio and extensive operations in the U.S. and abroad, we expect the lockdown to minimally impact our business. We will continue to optimize our business and are taking appropriate action to manage our operating costs accordingly," added Mr. Grover.

To reiterate its previous statements regarding the pandemic issued earlier in 2020, High Tide has continued to respond to COVID-19 with changes to internal business practices consistent with the guidelines of public health authorities. Since inception, High Tide's purpose has been to serve cannabis enthusiasts and a significant part of that commitment is ensuring that the company is putting the safety of its customers and employees first. The company has implemented significant measures to protect the health and well-being of these valued individuals. High Tide continues to monitor the situation closely while keeping its retail locations and wholesale facilities operating, where permitted.

About High Tide Inc.

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 66 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide's retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its numerous lifestyle accessory businesses including e-commerce platforms Grasscity and CBDcity, and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. and Aurora Cannabis Inc.

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