03:27:26 EDT Sun 01 Aug 2021
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High Tide Inc
Symbol HITI
Shares Issued 449,371,660
Close 2021-01-22 C$ 0.495
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High Tide opens new Canna Cabana store in Calgary

2021-01-22 07:51 ET - News Release

Mr. Raj Grover reports


High Tide Inc.'s Canna Cabana retail store located in unit No. 101, 624 8 Ave. SE, in Calgary's Centre City East Village, has begun selling recreational cannabis products for adult use. This will be the first retail cannabis store to begin servicing the local neighbourhood. This opening represents High Tide's ninth Calgary location and 69th across Canada selling recreational cannabis products and consumption accessories.

"We continue to execute our retail expansion strategy by adding a great location in Calgary's East Village," said Raj Grover, president and chief executive officer of High Tide. "The new store will follow High Tide's well-established and differentiated business model that offers consumers a one-stop shopping experience for all of their cannabis flower, beverage, edible and consumption accessory needs," added Mr. Grover.

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 69 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 consumption 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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