19:10:17 EDT Wed 16 Jun 2021
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High Tide Inc
Symbol HITI
Shares Issued 665,724,103
Close 2021-04-23 C$ 0.61
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High Tide's April 20 sales top $775,000

2021-04-23 07:13 ET - News Release

Mr. Raj Grover reports


High Tide Inc. had approximately $775,000 in total retail gross revenues across all platforms on April 20, 2021 (4/20), representing an 80-per-cent increase from the previous Tuesday. The company's Canadian bricks-and-mortar stores reported a 51-per-cent increase, while sales across its three e-commerce platforms, Grass City, Smoke Cartel and CBD City reported an increase of 201 per cent over the previous Tuesday.

"We at High Tide have never forgotten our humble beginnings and the customers who have helped us grow from one small smoke shop into an international cannabis company operating 84 retail stores across Canada and two of the world's leading e-commerce platforms for consumption accessories," said Raj Grover, president and chief executive officer. "Our commitment to cannabis culture and the cannabis community is deeply rooted in everything we do as a company. I'm thrilled to see that our loyal customers have once again delivered a record-breaking 4/20 sales figure despite pandemic-related restrictions in many jurisdictions," 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 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 Grass City, Smoke Cartel and CBD City, 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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