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High Tide Inc
Symbol HITI
Shares Issued 665,724,103
Close 2021-04-15 C$ 0.59
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High Tide opens Meta Cannabis store in Ottawa

2021-04-16 07:20 ET - News Release

Mr. Raj Grover reports

HIGH TIDE EXPANDS INTO OTTAWA WITH LAUNCH OF BYWARD MARKET RETAIL CANNABIS STORE

High Tide Inc.'s new Meta Cannabis retail store, located at 87 Clarence St., in Ottawa, Ont., has begun selling recreational cannabis products for adult use. The new store represents High Tide's 83rd branded retail location across Canada and 17th in Ontario, selling recreational cannabis products and consumption accessories. The new Ottawa store is situated within the high-traffic ByWard Market, which is a major tourist destination. The new store is also within walking distance of the popular Major's Hill Park.

"The opening of this new Ottawa store represents yet another milestone towards our commitment to open 30 branded retail locations across Ontario by September of this year," said Raj Grover, president and chief executive officer of High Tide. "The ByWard Market store will follow our unique one-stop cannabis shop model in this iconic and high traffic neighbourhood," 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 83 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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