“The opening of our twentieth store in from Canada The largest province, as well as the continued growth of our e-commerce business, is fueled by the strong fundamentals of High Tide, ”said Raj Grover, President and CEO of High Tide. “With the lifting of pandemic-related restrictions on construction, we will be accelerating the organic growth rate of our Canadian brick and mortar business while pursuing immediately profitable e-commerce-related acquisitions in United States“, added Mr. Grover.
About High Tide Inc.
High Tide is a retail-focused cannabis company bolstered by the manufacture and distribution of consumer accessories. The Company is the most profitable Canadian recreational cannabis retailer by adjusted EBITDA1, with 87 current locations covering Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail segment includes the Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations being developed across the country. High Tide has served consumers for over a decade through its established e-commerce platforms including Grasscity.com and Smokecartel.com, and most recently in the hemp-derived CBD space via CBDcity.com, FABCBD.com, Dailyhighclub.com as well as as a wholesale distribution division under Valiant Distribution, including licensed entertainment product maker Famous Brandz. High Tide’s strategy as a parent company is to expand and strengthen its integrated value chain, while delivering a complete customer experience and maximizing shareholder value. The main sector investors in High Tide are Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
Adjusted EBITDA is a non-IFRS financial measure.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this press release constitutes forward-looking statements under applicable securities laws. All statements contained in this press release that are not statements of historical fact can be considered as forward-looking statements. Forward-looking statements are often identified by words such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms. and similar expressions. Forward-looking statements regarding High Tide and its business include, without limitation, statements regarding: High Tide added to other ETFs in the future, and the Company’s ability to increase shareholder liquidity and attract equity capital. international and institutional investors. The forward-looking events and circumstances described in this press release may not occur on certain specified dates or not at all and could differ materially due to known and unknown risk factors and uncertainties affecting High Tide, including risks associated with it. to the listing of High Tide’s titles in United States, a stop of United States government, the Company is not growing globally, which could result in the Company not having a diversified business platform for growth, the Company not being well positioned to pursue opportunities growth, or such opportunities no longer available to High Tide, the risks associated with the geographic markets in which High Tide operates, the risks associated with fluctuations in currency exchange rates (including, without limitation, currencies), risks associated with the cannabis industry and its regulations, failure to comply with applicable laws, failure to obtain regulatory approvals, economics, market conditions, stock and bond markets in general, the risks associated with growth and competition, general economic and market conditions, risks and uncertainties detailed from time to time in documents filed by High Tide with TSXV and Canadian Securities Administrators, the COVID-19 pandemic nationally and globally, and government response to the COVID-19 pandemic with respect to store operations retail and other risks and many other factors beyond the control of High Tide. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will be achieved. This information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and are therefore subject to change thereafter. High Tide disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
SOURCE Marée Haute Inc.