CALGARY, June 30, 2022 – High Tide Inc. (“inflow” or this “business‘) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading cannabis retailer that operates both brick and mortar stores and online trading platforms on a global scale, announced today that it will open its Canna Cabana cannabis store at 993 Fir Street in Sherwood Park, Alberta, began selling recreational cannabis products and related adult consumer accessories. With the new store, High Tide opens 127th brand store location in Canada and 66th in Alberta, where Hemp products are sold for recreational purposes and corresponding consumer accessories. It is the first tide location in Sherwood Park, a community of over 70,000 near Edmonton, Alberta’s capital. The store is located in a busy shopping and commercial district with nationwide wholesalers, grocery stores and discounters.
“With the opening of this new store in the fast-growing Sherwood Park community, we continue to expand our presence in the Edmonton metropolitan area and make our innovative discount club model available directly to thousands of potential new customers. Our Canna Cabana locations in Edmonton and other nearby communities have been well received and we expect similar success at Sherwood Park, said Raj Grover, President and CEO of High Tide. “As the largest non-franchised retailer in Alberta, with more than 65 locations, we are committed to growing our brand and creating new revenue opportunities in markets where we do not currently have a presence. We remain focused on our growth in Canada, including our impending entry in British Columbia and rapid expansion in Ontario, but Alberta, as Canada’s second largest cannabis market, remains a key pillar of our overall strategy. ”
About the tide
HighTide is a leading cannabis retailer with both brick and mortar stores and global e-commerce assets. The company is Canada’s largest recreational marijuana retailer by revenue; with currently 127 locations in Ontario, Alberta, Manitoba and Saskatchewan. High Tide was named in the 3rd Annual Canadian Companies Ranking with the Highest Growth in 2021 as well as in the TSX Venture 50 ™ 2022 Ranking, and is among the 10 strongest companies in a wide variety of industries. The company is the first and only discount cannabis retailer in North America to offer the Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co. More locations across the country are planned. The High Tide portfolio also includes Fastendr ™ technology for in-store kiosks and smart cabinets. The Rush has served consumers through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com for over a decade, and more recently in the space of cannabis-derived CBD products via Nuleafnaturals.com, FABCBD. com, BlessedCBD.co.uk and BlessedCBD.de and through our wholesale distributor Valiant Distribution, which includes a licensed producer of Famous Brandz entertainment products. High Tide’s strategy as a parent company is to extend and strengthen the holistic value chain while providing full customer service and maximizing shareholder value.
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More information on High Tide Inc. can be found on the site www.hightideinc.comcompany profile page on SEDAR at www.sedar.pl and company profile on EDGAR at www.sec.gov.
CLAIM STATEMENT CONCERNING FORWARD CLAIMS
Certain statements in this press release are forward-looking or forward-looking. These information and statements, referred to herein as “forward-looking statements”, were prepared as of the date of this press release or as of the effective date of the information described in this press release. Forward-looking statements refer to future events or future results and reflect current estimates, projections, expectations or beliefs about future events. Any statement that expresses or contains a discussion of projections, expectations, beliefs, plans, projections, objectives, assumptions or future events or results (forward-looking statements can generally be identified by words such as “prospect”, “expected”, ” “,” forecasts, “predicts”, “plans”, “projects”, “estimates”, “predicts”, “predicts”, “needs”, “strategy”, “goals”, “goals” or their variations or statements that certain actions, events or results will be taken, take place or will be achieved, or the denial of such terms or similar expressions, “may”, “might”, “might”, “may” or “will” and similar expressions) no are statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may turn out to be incorrect, including, but not limited to, the Inflow’s ability to complete a business plan or the Inflow’s ability to obtain one or more licenses from Albert Gaming, Liquor & Cannabis, British. Columbia’s Liquor Distribution Branch, Liquor, Manitoba Gaming and Cannabis Authority, Ontario Alcohol and Gaming Commission or Saskatchewan Liquor and Gaming Authority authorizing the Company to operate Canna Cabana Inc. Tidal believes these assumptions are reasonable in the circumstances. However, there can be no assurance that any of the governmental, industry, market, operational or financial objectives set forth herein will be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, results or industry achievements or results to differ materially from, or implied, the results, performance or achievements expressed in such forward-looking statements.
The forward-looking statements contained in this document are made as of the date of this press release. Except as required by law, High Tide does not undertake to notify any person if it becomes aware of an inaccuracy or omission in any forward-looking statement and does not intend to update or revise any forward-looking statements to reflect new events or circumstances. to wear. All forward-looking statements contained in this press release are expressly governed by this notice and, unless otherwise stated, are as of the date of this press release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be issued pursuant to the US Securities Act 1933 (the “1933 Act”) or any Securities Act registered and may not be offered or sold in the United States or to US persons ( as defined in the 1933 Act), unless they have been registered under the 1933 Act and applicable state law, one such registration.
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