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High Tide Inc
Symbol HITI
Shares Issued 461,999,689
Close 2021-02-09 C$ 1.00
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High Tide's Calgary store begins selling adult-use pot

2021-02-10 07:32 ET - News Release

Mr. Raj Grover reports

HIGH TIDE OPENS 70TH NATIONWIDE CANNABIS STORE IN CALGARY

High Tide Inc.'s Canna Cabana retail store located at unit No. 130, 11130 11 St. NE, in Calgary's Country Hills neighbourhood, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 70th retail location across Canada selling recreational cannabis products and consumption accessories.

"The new store is part of our strategic plan to build scale and drive revenue growth by selectively opening new locations in neighbourhoods that aren't oversaturated with existing cannabis retail options," said Raj Grover, president and chief executive officer of High Tide. "As with all stores operating under the High Tide umbrella, this new location will follow our exclusive one-stop-shop approach that allows consumers to purchase all of their cannabis and accessory needs under one roof," added Mr. Grover.

The new Country Hills store continues to expand High Tide's strong foothold in Southern Alberta, one of Canada's fastest-growing population centres.

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 70 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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