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High Tide Inc
Symbol HITI
Shares Issued 633,733,638
Close 2021-04-06 C$ 0.77
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High Tide opens new Canna Cabana in Toronto

2021-04-07 07:35 ET - News Release

Mr. Raj Grover reports

HIGH TIDE OPENS NEW CANNABIS RETAIL STORE IN TORONTO

High Tide Inc.'s new Canna Cabana retail store, located at 720 King St. West, Unit 155, in Toronto, Ont., has begun selling recreational cannabis products for adult use. The new store represents High Tide's 81st branded retail location across Canada, and 16th in Ontario, selling recreational cannabis products and consumption accessories. The new Toronto store follows a record-breaking month in which High Tide opened eight new locations in March alone. The new store is situated within a popular commercial plaza near Toronto's high-traffic King and Bathurst intersection, and is close to major public transit lines.

"High Tide is committed to having 30 branded retail stores across Ontario by September of this year. We will ensure that all new locations are located within premium retail corridors and will continue to follow our differentiated one-stop-cannabis-shop model for our customers' cannabis and consumption accessory needs at unbeatable prices," said Raj Grover, president and chief executive officer of High Tide. "Coupled with the ongoing pursuit of strategic acquisition targets in Canada, the United States and Europe, organic growth remains a core element of our business growth strategy," 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 81 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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