02:43:15 EDT Sun 01 Aug 2021
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High Tide Inc
Symbol HITI
Shares Issued 633,733,638
Close 2021-03-25 C$ 0.83
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High Tide opens Canna Cabana in Burlington

2021-03-26 07:51 ET - News Release

Mr. Raj Grover reports


High Tide Inc.'s new Canna Cabana retail store, located at 3505 Upper Middle Rd., Unit D3, in Burlington, Ont., has begun selling recreational cannabis products for adult use. The new store represents High Tide's 80th branded retail location across Canada selling recreational cannabis products and consumption accessories and the company's eighth new organically built store in the month of March alone. The new Burlington store is strategically located within a popular commercial plaza with a major grocery anchor and several national restaurant chains nearby.

"The new store is another step towards our commitment of reaching 30 branded retail locations within Ontario by September of this year. I am so proud of the work our team has put into launching eight new stores this month alone. March has been the busiest month in terms of new store openings since High Tide's inception," said Raj Grover, president and chief executive officer of High Tide. "Continued expansion in Canada's largest province remains a core part of High Tide's organic growth strategy. We will continue to execute this strategy by bringing our one-stop cannabis shop concept to high-traffic areas like the new Upper Middle Store in Burlington," 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 80 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, Smokecartel 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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