Owner store

High Tide announces the opening of a new store in Blackfalds, reaching the milestone of 125 stores

To mark the milestone of 100 Company stores, the September 30, 2021, High Tide announced that it would expand its current support for vulnerable children around the world through child sponsorship, which had already grown significantly from the initial sponsorship of three children in 2006 to more than 200 sponsorships in 2021 with World Vision , sponsoring two additional children for each new Canadian store opening. With the company’s growth since the previous announcement and reaching the milestone of 125 stores today, High Tide is proud to now sponsor 250 children through World Vision.

“I am pleased to report that High Tide has reached the milestone of 125 cannabis retail stores with this expansion into another new community. As a young and fast growing city, black cliffs has a cannabis-friendly demographic, and given the success of our nearby Canna Cabana store at red deer, I expect this new store to show positive performance as well,” said Raj Grover, President and CEO of High Tide. “Reaching the 125-store milestone is another encouraging sign for High Tide’s future, as Mortar’s retail revenue has continued to grow strongly and is exceeding expectations since we launched our club model. discounts, with continued same-store sales growth placing us in an even stronger leadership position in the Canadian cannabis retail landscape. I am also very happy that we have surpassed 250 child sponsorships through World Vision. This is just one of many examples of High Tide’s ongoing commitment to giving back and corporate social responsibility,” added Mr. Grover.

ABOUT HIGH TIDE

High Tide is a leading retail-focused cannabis company with global physical and e-commerce assets. The company is Canada’s largest recreational cannabis retailer by revenue, with 125 current locations spanning Ontario, alberta, Manitobaand Saskatchewan. High Tide featured in Report on Business magazine’s third annual ranking from Canada Top Growing Companies in 2021 and was named among the 10 Best Performing Stocks in Diversified Industries in the 2022 TSX Venture 50™. The Company is also North America first and only cannabis discount club retailer, with Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide’s portfolio also includes retail kiosk and smart locker technology – Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com and most recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution, including licensed entertainment manufacturer Famous Brandz. High Tide’s strategy as a parent company is to expand and strengthen its integrated value chain, while delivering a comprehensive customer experience and maximizing shareholder value.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information about High Tide Inc., please visit www.hightideinc.comits profile page on SEDAR at www.sedar.comand his profile page on EDGAR at www.sec.gov.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as “forward-looking statements”, are made as of the date of this press release or the effective date of the information described in this press release, as the case may be. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance (generally, forward-looking statements can be identified by the use of words such as “outlooks”, “expects”, “anticipates”, “anticipates”, “anticipates”, “plans”, “projects”, “estimates”, “considers”, “assumes”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or indicating that certain actions, events or results “may”, “may”, “could”, “will”, “might” or “will “undertaken, will occur or be achieved, or the negative of any of these similar terms or expressions, and any other similar terminology) are not statements of historical fact and may be forward-looking statements.

These forward-looking statements are based on assumptions which may prove to be incorrect, including, but not limited to, High Tide’s ability to execute its business plan and that High Tide will receive one or more licenses from Alberta Gaming , Liquor & Cannabis, from British Columbia Liquor Distribution Branch, Liquor, Gaming and Cannabis Board of Manitobaliquor and gaming commission Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to operate Canna Cabana Inc. High Tide considers these assumptions to be reasonable under the circumstances. However, there can be no assurance that one or more of the governmental, industry, commercial, operational or financial objectives set forth herein will be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied. -understood by these forward-looking statements. .

The forward-looking statements contained herein speak only as of the date of this press release. Except as required by law, High Tide has no obligation to notify anyone if it becomes aware of any inaccuracy or omission in any forward-looking statement, nor does High Tide intend or assume any obligation to update or revise these forward-looking statements. – forward-looking statements to reflect new events or circumstances. All forward-looking statements included in this press release are expressly qualified by this cautionary statement and, unless otherwise stated, are made as of the date of this press release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of The United States of America. The Securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities law and may not be offered or sold in United States or to United States Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration be available.


SOURCE High Tide Inc.