High Tide

High Tide, Inc. engages in the manufacture and retail of cannabis smoking accessories and lifestyle products. It operates through the following segments: Wholesale, Retail and Corporate. The Retail segment represents by brands, including Canna Cabana, NewLeaf Cannabis, Meta Cannabis Co, KushBar, Grasscity, Smoke Cartel, and CBDcity. The Wholesale segment represents by brands, including Valiant Distribution and Famous Brandz. The Corporate segment manages the executive management and financing needs of the business. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.

Earnings data Q2 2021

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High Tide, Inc. is a retail-focused cannabis company, which engages in the manufacture and distribution of consumption accessories. It operates through the following segments: Retail, Wholesale, and Corporate. Its brands are Canna Cabana, Fastendr, Grasscity, Smoke Cartel, Daily High Club, DankStop, NuLeaf Naturals, FAB CBD, Blessed CBD, Valiant Distribution, and Famous Brandz. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.

CALGARY, AB , Feb. 23, 2024 /PRNewswire/ - 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, welcomed today's vote in the German parliament to approve a bill making Germany the second G7 country to allow the consumption and private cultivation of cannabis for recreational purposes by adults. Today's vote sets the stage for Germany to begin implementing "pillar 1" of its legalization plan, which will see possession and cultivation for personal use permitted by April 1, 2024, and not-for-profit social clubs begin operation as of July 1st, 2024.

High Tide Welcomes Passage of First Pillar of Germany's Cannabis Legalization Plan

This Marks the Company's Second Time Making This Prestigious List in Three Years CALGARY, AB , Feb. 22, 2024 /PRNewswire/ - 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 it has been recognized for the second time in three years by the TSX Venture Exchange (the "TSXV") as a 2024 Top 50 Performer. High Tide ranks fifth in the top 10 diversified industries sector and is the only Canadian cannabis company included in the rankings.

High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50 for 2024

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CALGARY, AB , Feb. 13, 2024 /PRNewswire/ - 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, through its wholly owned subsidiary Valiant Distribution Canada, it has signed an agreement with the Manitoba Liquor and Lotteries Corporation (MBLL) through which it will be a distributor of cannabis products to cannabis retailers in Manitoba. Through this agreement Valiant will be able to warehouse products in the province from licensed producers and distribute these products to licensed retailers while being responsible for inventory management, and tracking.

High Tide Signs Limited Cannabis Distribution Agreement With Manitoba Liquor and Lotteries

High Tide operates as a cannabis product retailer with 163 retail stores in Canada under the Canna Cabana brand, among other products. The company has had significant revenue growth but has slowed down new store openings temporarily in FY2023 to elevate cash flows. Canna Cabara's discount club has made High Tide very competitive in the industry.

High Tide: Immense Upside If Margins Can Be Lifted

High Tide Inc. (HITI) Q4 2023 Earnings Call Transcript

High Tide Inc. (HITI) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.06 per share a year ago.

High Tide Inc. (HITI) Beats Q4 Earnings and Revenue Estimates

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023 . The Company increased its positive free cash flow run rate from $4.1 million in the third fiscal quarter of 2023 to $5.7 million in the fourth fiscal quarter of 2023, representing a sequential increase of 40% Current annual revenue run rate is approaching $510 million, maintaining High Tide's position as Canada's top revenue-generating cannabis company 1 The Company celebrated its 15th consecutive quarter and its 5th straight quarter of record 2  positive adjusted EBITDA 3 Same-store sales increased 13% year-over-year and 3% sequentially The Company maintains its position as the largest non-franchised cannabis retailer in Canada, with 163 current locations and 4.9 million total customers across Canada, the United States and Europe Cabana Club membership grew to over 1.28 million members as of today, representing an increase of 35% year-over-year and 16% since September 14, 2023 The Company grew its Cabana ELITE paid membership program at its fastest pace since inception to over 28,000 members as of today, representing an increase of 367% year-over-year and 49% since September 14, 2023 During the fourth fiscal quarter of 2023, Canna Cabana held over 19% of the cannabis retail market share in Alberta and 9% in Ontario.

High Tide Releases Audited 2023 Financial Results Featuring Record Fourth Quarter Revenue of $127.1 Million, Record Adjusted EBITDA of $8.4 Million and Record Free Cash Flow of $5.7 Million, Respectively

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CALGARY, AB , Jan. 26, 2024 /PRNewswire/ - 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 118 Millennium Drive, Fort McMurray will begin selling recreational cannabis products and consumption accessories for adult use tomorrow, January 27, 2024. This opening will mark High Tide's 163rd Canna Cabana-branded retail cannabis location in Canada, the 79th in the province of Alberta, and the first in the Regional Municipality of Wood Buffalo.

High Tide To Open First Canna Cabana Store in Fort McMurray, Alberta

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CALGARY, AB , Jan. 23, 2024 /PRNewswire/ - 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, is pleased to announce that its Founder and CEO, Raj Grover, has made Grow Up's 2024 Top 50 Cannabis Leaders in Canada list. The list, which was hand selected by Grow Up's industry advisory committee, recognizes influential leaders in the cannabis industry who are trailblazers in the growth, development and innovation of the cannabis industry, and celebrates their relentless, courageous, and innovative dedication to elevate the industry.

High Tide Founder and CEO, Raj Grover, Makes Grow Up's 2024 Top 50 Cannabis Leaders in Canada List

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CALGARY, AB , Jan. 12, 2024 /PRNewswire/ - 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 it will release its financial and operational results for the quarter and year ended October 31, 2023, after financial markets close on Monday, January 29, 2024. High Tide's fourth quarter and year-end 2023 financial and operational results will be available on SEDAR+, EDGAR, and on the Company's website at https://hightideinc.com/invest.

High Tide to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results

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TORONTO, ON / ACCESSWIRE / January 2, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide an update from its Annual General Meeting ("AGM") which was held on December 20, 2023. Shareholders voted to approve all items of business put forth to shareholders at the AGM, including the re-election of directors, appointment of the auditor, amendment to the Company's by-laws and the authorization to consolidate the Company's common shares.

High Tide Resources Announces Results from Annual General Meeting and Option Grant

Province Amends Ontario Regulation 468/18 Under the Cannabis Licence Act, 2018 to Increase the Number of Stores That Licensed Retail Cannabis Operators and Their Affiliates Can Operate From 75 to 150 CALGARY, AB , Jan. 2, 2024 /PRNewswire/ - 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, welcomes today's amendment of Ontario Regulation 468/18 under the Cannabis Licence Act, 2018 that increases the number of stores that licensed retail cannabis operators and their affiliates can operate from 75 to 150. "We welcome Ontario's move today to make good on its previously stated intent to double the provincial store cap to 150.

High Tide Welcomes Doubling of Ontario Retail Cannabis Store Cap

The Company Also Announces $2.8 Million Paydown From Convertible Debenture Balance CALGARY, AB , Dec. 29, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to reflect on its key milestones for 2023, a year that saw the Company once again achieve record growth while surpassing its communicated goals. From becoming one of the few publicly traded cannabis companies anywhere in the world to generate positive free cash flow five months ahead of its publicly communicated timeline, to closing the year as the top revenue-generating cannabis company in Canada for the second consecutive year1, to launching Cabanalytics Consumer Insights (CCI), a consumer-facing magazine style digital publication which is an extension of the highly successful Cabanalytics business data and insights platform, the Company continuously demonstrated a commitment to innovation and responsible growth while maximizing shareholder value.

High Tide Recaps Key Milestones of 2023

The Company Enters Ontario's Third-Largest City After Spearheading Efforts to Convince City Council to Opt-Into Cannabis Retail Sales. CALGARY, AB , Dec. 28, 2023  /PRNewswire/ – 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 5700 Mavis Road, Mississauga, Ontario will begin selling recreational cannabis products and consumption accessories for adult use tomorrow.

High Tide to Open First Canna Cabana in Mississauga, Ontario

CALGARY, AB , Dec. 27, 2023 /PRNewswire/ – 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 457 Hazeldean Road Kanata, Ontario has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 161st Canna Cabana branded location in Canada, the 53rd in the province of Ontario and the 2nd in Kanata.

High Tide Opens Second Canna Cabana in Kanata, Ontario

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CALGARY, AB , Dec. 21, 2023 /PRNewswire/ - 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 11501 Buffalo Run Blvd Tsuut'ina, Alberta will begin selling recreational cannabis products and consumption accessories for adult use on Saturday, December 23. This opening will mark High Tide's 160th Canna Cabana branded retail cannabis location in Canada, the 78th in the province of Alberta and the first Canna Cabana on the Tsuut'ina Nation.

High Tide Opens 160th Canna Cabana Location, the First on Tsuut'ina Nation

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