19:29:54 EDT Wed 16 Jun 2021
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High Tide Inc
Symbol HITI
Shares Issued 665,724,103
Close 2021-04-20 C$ 0.61
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High Tide to open pot dispensary in Edson today

2021-04-20 09:22 ET - News Release

Mr. Omar Khan reports


High Tide Inc.'s new Canna Cabana cannabis retail store, located at 4904 4th Ave., in Edson, Alta., will begin selling recreational cannabis products for adult use at precisely 4:20 p.m. today to mark the annual 4-20 cannabis holiday. The new store represents High Tide's 84th branded retail location across Canada, selling recreational cannabis products and consumption accessories. The new Edson store is situated off a major arterial road and is within walking distance of several popular local restaurants.

"The annual 4-20 holiday is a global celebration of cannabis culture and I cannot think of a better way to celebrate it than by opening our 84th nationwide store at precisely 4:20 p.m. on April 20," said Raj Grover, president and chief executive officer of High Tide. "Even prior to Canadian legalization, High Tide has been ensconced in cannabis culture, having been an early mover in the sale of quality consumption accessories at affordable prices. Although we have grown since those humble beginnings, we will never forget our roots and our customers who have always supported us."

About 4-20

Celebrated every April 20 at precisely 4:20 p.m., 4-20 is an annual celebration of all things related to cannabis culture. It is believed to have originated in California in the early 1970s after a group of young people started to meet daily at 4:20 each afternoon to partake in what was then an illegal activity in their state.

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 84 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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