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.

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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 , March 28, 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 further to its press release dated March 15, 2024, the Company has completed its acquisition (the "Acquisition") of the Queen of Bud brand, including all IP, trademarks and other assets (the "Transaction"). Queen of Bud, which is currently selling products across Canada both direct to consumers and through third-party licensed cannabis stores, joins High Tide's industry-leading and consumer-facing brand roster that includes NuLeaf Naturals, FAB CBD, Blessed CBD, Cabana Cannabis Co, Daily High Club, Famous Brandz, Vodka Glass, Puff Puff Pass, Dopezilla, Atomik, Silipipe, Evolution and more.

High Tide Closes Acquisition of Premium Canadian Cannabis Brand, Queen of Bud

CALGARY, AB , March 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 925 Rathburn Rd East, Mississauga, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Thursday, March 28. This opening will mark High Tide's 167th Canna Cabana branded cannabis retail location in Canada, the 58th in the province of Ontario and the 4th in Mississauga.

High Tide to Open Fourth Canna Cabana in Mississauga, Ontario

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CALGARY, AB , March 21, 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 4141 Dixie Road, Mississauga, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Sunday, March 24. This opening will mark High Tide's 166th Canna Cabana branded retail cannabis location in Canada, the 57th in the province of Ontario and the 3rd in Mississauga.

High Tide to Open Third Canna Cabana in Mississauga, Ontario

TORONTO, ON / ACCESSWIRE / March 20, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide a progress update for its flagship Labrador West Iron Project ("Lab West" or "The Project"). The Project, located in the southern Labrador Trough, is home to four operating iron mines producing high-grade and high-purity iron concentrates and pellets which are critical ingredients in the transition to low-carbon steel making techniques.

High Tide Resources Announces 3D Geophysics Interpretation and Targeting Advancements at Labrador West Iron Project

High Tide Inc. (HITI) Q1 2024 Earnings Call Transcript

High Tide (HITI) announces the acquisition of Queen of Bud to boost its in-house cannabis brand portfolio without burdening its significant capital expenditure.

High Tide (HITI) Acquires Queen of Bud to Expand Its Portfolio

High Tide Inc. (HITI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.05 per share a year ago.

High Tide Inc. (HITI) Reports Break-Even Earnings for Q1

First Quarter Results Include Revenue of $128.1 Million, Adjusted EBITDA of $10.4 Million, and $3.6 Million of Free Cash Flow 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 is Now the Second-Largest Cannabis Retailer in North America by Store Count 1 High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars 2 The Company Generated $3.6 Million of Positive Free Cash Flow 3  in the Quarter, Despite a $5.4 Million Reduction in Accounts Payable and Accrued Liabilities.

High Tide Reports First Quarter 2024 Financial Results Featuring Record Revenue, Record Adjusted EBITDA, and Third Consecutive Quarter of Positive Free Cash Flow as well as Break-Even Net Income

CALGARY, AB , March 15, 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 it is taking yet another step to expand its international brand portfolio by entering into a definitive agreement pursuant to which High Tide will acquire all IP, including trademarks and other assets of the Queen of Bud brand (the "Transaction"). Its founder, Ashley Newman, will take the role of global brand ambassador.

High Tide to Acquire Premium Canadian Cannabis Brand, Queen of Bud

CALGARY, AB , March 14, 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 8 Wellesley Street East, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use Sunday, March 17. This opening will mark High Tide's 165th Canna Cabana branded retail cannabis location in Canada, the 55th in the province of Ontario and the 11th in Toronto.

High Tide Opens New Canna Cabana Location in Toronto, Ontario

CALGARY, AB , March 4, 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 1891 Rathburn Rd E, Mississauga, Ontario will begin selling recreational cannabis products and consumption accessories for adult use today at 4:20 PM. This opening will mark High Tide's 164th Canna Cabana branded retail cannabis location in Canada, the 55th in the province of Ontario and the 2nd in Mississauga.

High Tide Opens Second Canna Cabana in Mississauga, Ontario

CALGARY, AB , March 1, 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 ended January 31, 2024, after financial markets close on Friday, March 15, 2024. High Tide's first fiscal quarter 2024 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 First Fiscal Quarter 2024 Financial Results

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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.

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