High Tide Inc V.HITI

High Tide Opens New Cannabis Retail Store in Toronto

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Wed, April 7, 2021, 6:00 AM

 

 

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CALGARY, AB, April 7, 2021 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (OTCQB: HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that its new Canna Cabana retail store, located at 720 King Street West, Unit 155, in Toronto, Ontario, 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 Torontostore 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 Inc. - April 7, 2021 (CNW Group/High Tide Inc.)

"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.com, Smokecartel.com and CBDcity.com, 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. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB).

Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as "forward-looking statements" are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or perform

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