CALGARY,
AB, March 10, 2025 /CNW/ - High Tide Inc.
("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE:
2LYA), the high-impact, retail-forward enterprise built to deliver
real-world value across every component of cannabis, announced
today that its Canna Cabana retail cannabis store located at 99
Balsam Street in Collingwood, ON
will begin selling recreational cannabis products and consumption
accessories for adult use on March 13,
2025; and that its Canna Cabana retail cannabis store
located at 1 Hespeler Road in Cambridge,
ON will begin selling recreational cannabis products and
consumption accessories for adult use on March 17, 2025. These openings will mark High
Tide's 193rd and 194th Canna Cabana branded
retail cannabis locations in Canada, and the 78th and
79th in the province of Ontario.
COLLINGWOOD
LOCATION
Our first store in Collingwood
is strategically situated in the heart of town, which is a popular
tourist destination with 400,000 unique visitors annually. Situated
in the Collingwood Centre alongside high-traffic national hardware
and grocery chains, the location benefits from strong foot traffic
and excellent co-tenancy. Positioned on the route to Blue Mountain
Village, it serves as the first cannabis store travelers encounter
as they enter Collingwood,
providing easy access for both locals and tourists.
CAMBRIDGE
LOCATION
Our first store in Cambridge is
perfectly situated in a prime location, with access to a strong
population density with limited nearby competition. Located at a
major intersection and thoroughfare, the store is anchored by
popular national fast food, retail and coffee chains, drawing
significant foot traffic from the large residential neighbourhoods
nearby.
"We are thrilled to be expanding our footprint in Ontario with these two new Canna Cabana
locations in Collingwood and
Cambridge. Each store has been
carefully selected to serve both local communities and visitors,
offering them a welcoming and accessible retail experience. Our
Collingwood store, situated at a
key entry point to this popular tourist destination, will cater to
the thousands of travelers who visit the area each year, while our
Cambridge location benefits from a
strong residential base and high-traffic commercial setting. With
every new store, we are reinforcing our commitment to making legal
cannabis more accessible and affordable across Canada," said Raj Grover, Founder and Chief
Executive Officer of High Tide.
"As we approach the milestone of 200 stores nationwide, High
Tide remains focused on delivering unmatched value through our
innovative discount club model, unbeatable prices, and exclusive
Cabana Club benefits. Our goal is to create a shopping experience
that is both engaging and enjoyable, ensuring that our loyal
members receive the best products at the best prices in a safe and
welcoming environment. We look forward to serving these vibrant
communities and continuing to set the standard for cannabis retail
in Canada," added Mr. Grover.
STOCK OPTIONS GRANT
In addition, High Tide announces the grant of 25,000 incentive
stock options (the "Options") to consultants of the Company. Each
Option is exercisable at the closing price of the Company's common
shares listed on the TSX Venture Exchange (the "TSXV") based on the
last trading day immediately prior to this press release, expires
two years from the date of grant, and vests over a one-year period.
Each Option is exercisable to purchase one common share of the
Company and are being issued pursuant to the terms of the Company's
Omnibus Plan, which became effective on June
2, 2022.
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward
cannabis enterprise engineered to unleash the full value of the
world's most powerful plant and is the second-largest cannabis
retailer globally by store count1. High Tide (HITI) is
uniquely-built around the cannabis consumer, with
wholly-diversified and fully-integrated operations across all
components of cannabis, including:
Bricks & Mortar Retail: Canna Cabana™ is the largest
cannabis retail chain in Canada,
with 194 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and growing. In 2021, Canna Cabana
became the first cannabis discount club retailer in the world.
Retail Innovation: Fastendr™ is a unique and fully
automated technology that employs retail kiosks to facilitate a
better buying experience through browsing, ordering and pickup.
Consumption Accessories: High Tide operates a suite of
leading accessory e-commerce platforms across the world, including
Grasscity.com, Smokecartel.com, Dailyhighclub.com, and
Dankstop.com.
Brands: High Tide's industry-leading and consumer-facing
brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily
High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™,
Hue™, Evolution™ and more.
CBD: High Tide continues to cultivate the possibilities
of consumer CBD through Nuleafnaturals.com, FABCBD.com,
blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that cannabis
category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis culture
forward through fresh partnerships and license agreements under the
Famous Brandz™ name.
High Tide consistently moves ahead of the currents, having been
named one of Canada's Top Growing
Companies by the Globe and Mail's Report on Business in 2024 for
the fourth consecutive year and was recognized as a top 50 company
by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was
also ranked number one in the retail category on the Financial
Times list of Americas' Fastest Growing Companies for 2023. To
discover the full impact of High Tide, visit www.hightideinc.com.
For investment performance, don't miss the High Tide profile pages
on SEDAR+ and EDGAR.
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1 As
reported by ATB Capital Markets based on store counts as of
February 6, 2025
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Neither the TSX Venture Exchange 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.
CONTACT INFORMATION
Media Inquiries
Carter
Brownlee
Communications and Public Affairs
Advisor
High Tide
Inc.
cbrownlee@hightideinc.com
403-770-3080
Investor Inquiries
Vahan
Ajamian
Capital Markets Advisor
High
Tide Inc.
vahan@hightideinc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release may contain "forward-looking information"
and "forward-looking statements within the meaning of applicable
securities legislation. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future events. The
forward-looking statements herein include, but are not limited to,
statements regarding: the timing of our new locations beginning to
sell recreational cannabis products and consumption accessories for
adult use, the expected benefits of the store locations, and our
commitment to opening the number of future stores on the timeline
indicated herein. Readers are cautioned to not place undue reliance
on forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements.
Although the Company believes that the expectations reflected in
these statements are reasonable, such statements are based on
expectations, factors, and assumptions concerning future events
which may prove to be inaccurate and are subject to numerous risks
and uncertainties, certain of which are beyond the Company's
control, including but not limited to the risk factors discussed
under the heading "Non-Exhaustive List of Risk Factors" in Schedule
A to our current annual information form, and elsewhere in this
press release, as such factors may be further updated from time to
time in our periodic filings, available at www.sedarplus.ca and
www.sec.gov, which factors are incorporated herein by reference.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement and reflect the
Company's expectations as of the date hereof and are subject to
change thereafter. The Company undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, estimates or opinions, future events or results,
or otherwise, or to explain any material difference between
subsequent actual events and such forward-looking information,
except as required by applicable law.
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SOURCE High Tide Inc.
