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High Tide Inc
Symbol HITI
Shares Issued 630,278,202
Close 2021-03-08 C$ 0.73
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High Tide opens new Canna Cabana in Calgary

2021-03-08 07:40 ET - News Release

Mr. Omar Khan reports

HIGH TIDE OPENS NEW CANNA CABANA STORE IN CALGARY'S BELTLINE NEIGHBOURHOOD

High Tide Inc.'s Canna Cabana retail store located at unit 1245, 1230 11 Ave. SW, in Calgary's Beltline neighbourhood, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 74th branded retail location across Canada, selling recreational cannabis products and consumption accessories.

"While we aggressively pursue opportunities to expand the reach of our ancillary businesses in the United States and Europe, we also remain committed to growing our Canadian retail footprint," said Raj Grover, president and chief executive officer of High Tide. "As we continue to grow our presence in emerging markets, we intend to keep building on our Canadian momentum, which is powered by our differentiated one-stop-shop model that allows consumers to purchase all of their cannabis and accessory needs under one roof," added Mr. Grover.

The new Beltline store, which is located within walking distance of Calgary's Millennium Park, is part of the company's strategic plan to drive organic growth within Canada while pursuing acquisition opportunities in Canada, the United States and Europe, that can be immediately accretive to shareholders.

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 74 branded retail 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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