High Tide Inc V.HITI

Alternate Symbol(s): HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.

TSXV:HITI - Post by User

High Tide Inc

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Post by littledave55555on Dec 11, 2021 5:02pm

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A Republican-led bill has come out as an alternative to Democrats’ efforts to legalize and tax marijuana in the United States.

Marijuana Moment revealed last week a draft bill, called States Reform Act, led by Republican Nancy Mace (Rep.-SC), which would federally reschedule marijuana and create a regulatory scheme.

The draft legislation would federally reschedule marijuana from the list of controlled substances, and it would impose a 3.75% excise tax on cannabis sales.

As marijuana would be treated similarly to alcohol, the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) would be the chief regulator for this market.

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