04:12:41 EDT Sun 01 Aug 2021
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High Tide Inc
Symbol HITI
Shares Issued 632,474,770
Close 2021-03-10 C$ 0.68
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High Tide opens Canna Cabana store in Calgary

2021-03-10 07:33 ET - News Release

Mr. Raj Grover reports


High Tide Inc.'s Canna Cabana retail store located at unit 115, 8835 MacLeod Trail SW, in Calgary's Haysboro neighbourhood, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 75th branded retail location across Canada, selling recreational cannabis products and consumption accessories.

"This new store is part of our plan to organically expand our Canadian retail footprint in underserviced neighbourhoods. This differentiated strategy allows us to continue growing retail revenue while protecting against increased competition," said Raj Grover, president and chief executive officer of High Tide. "While organic growth remains an essential part of our growth plan in Canada, we continue to pursue strategic acquisition targets in the United States and internationally that can be immediately accretive to shareholders. We look forward to sharing further news in this regard soon," added Mr. Grover.

The new Haysboro store is situated in a prime commercial real estate location within walking distance of major banks, restaurants and grocery stores.

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 75 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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