RE:hot and runningHIGH TIDE INC. ("HITI") BULLETIN TYPE: Consolidation BULLETIN DATE: May 12, 2021 TSX Venture Tier 2 Company Pursuant to a special resolution passed by shareholders on July 24, 2019, the Company has consolidated its capital on a (15) fifteen old for (1) one new basis. The name of the Company has not been changed. Effective at the opening on Thursday, May 13, 2021, the common shares of High Tide Inc. will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an 'Industrial' company. Post - Consolidation Capitalization: Unlimited shares with no par value of which 46,055,653 shares are issued and outstanding Escrow 1,943,547 shares are subject to escrow Transfer Agent: Capital Transfer Agency, ULC Common Shares Trading Symbol: HITI (UNCHANGED) CUSIP Number: 42981E 40 1 (new) Series of warrants ("Series A Warrants") set to expire on February 6, 2023 Trading Symbol: HITI.WT (UNCHANGED) CUSIP Number: 42981E 12 0 (UNCHANGED) Effective at the opening May 13, 2021, the exercise price for the Series A Warrants of the Company will be $4.35 per 0.824 common share on a post-consolidated basis. Series of warrants ("Series B Warrants") set to expire on February 22, 2024 Trading Symbol: HITI.WR (UNCHANGED) CUSIP Number: 42981E 13 8 (UNCHANGED) Effective at the opening May 13, 2021, the exercise price for the Series B Warrants of the Company will be $8.70 per common share on a post-consolidated basis. Convertible debentures set to expire on November 30, 2022. Trading Symbol: HITI.DB (UNCHANGED) CUSIP Number: 42981E AB 0 (UNCHANGED) Effective at the opening May 13, 2021, the conversion price for the convertible debentures of the Company will be $3.30 per common share on a post-consolidated basis