CALGARY, AB, Sept. 24, 2021 /CNW/ - High Tide Inc. ("High
Tide" or the "Company") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a
retail-focused cannabis company enhanced by the manufacturing of
proprietary and licensed consumption accessories, is pleased to
announce that it has been named one of Canada's top growing companies for 2021 by the
Globe and Mail ("the Report").
The Report ranks rapidly-expanding Canadian companies based on
carefully audited three-year revenue growth. Based on this criteria
High Tide ranked 82nd out of 448 companies in 2021 with three-year
growth of 733%.
"Today's recognition from The Globe and Mail, one of
Canada's most prestigious daily
newspapers, is further validation of High Tide's continued
operational execution. Our team earned this ranking by growing our
revenue by 733% over just three years. Since opening our first
cannabis retail store in October of 2018 we have been able to grow
as a company from just 160 employees to almost 100 stores and over
900 employees today," said Raj Grover, President and Chief
Executive Officer of High Tide. "In the months ahead we will
continue to drive revenue growth by expanding our retail bricks and
mortar and e-commerce businesses organically and through strategic
acquisitions in Canada,
the United States and Europe", added Mr. Grover.
Launched in 2019, the Canada's
Top Growing Companies editorial ranking aims to celebrate
entrepreneurial achievement in Canada by identifying and amplifying the
success of growth-minded, independent businesses in Canada. It is a voluntary program; companies
had to complete an in-depth application process in order to
qualify. In total, 448 companies earned a spot on this year's
The full list of 2021 winners, and accompanying editorial
coverage, is published in the October issue of Report on Business
magazine—available tomorrow—and online immediately.
"As we look toward the future, Canada's Top Growing Companies offer both
inspiration and practical insights for other firms facing similar
challenges," says James Cowan,
Editor of Report on Business magazine. "The entrepreneurs behind
these companies are smart, tenacious and unwavering in their
commitment to their goals."
"Any business leader seeking inspiration should look no further
than the 448 businesses on this year's Report on Business ranking
of Canada's Top Growing
Companies," says Phillip Crawley,
Publisher and CEO of The Globe and Mail. "Their growth helps to
make Canada a better place, and we
are proud to bring their stories to our readers."
About The Globe and Mail
The Globe and Mail is Canada's
foremost news media company, leading the national discussion and
causing policy change through brave and independent journalism
since 1844. With award-winning coverage of business, politics and
national affairs, The Globe and Mail newspaper reaches 6.4 million
readers every week in print or digital formats, and Report on
Business magazine reaches 2 million readers in print and digital
every issue. The Globe and Mail's investment in innovative data
science means that as the world continues to change, so does The
Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson
About High Tide Inc.
High Tide is a retail-focused cannabis company enhanced by the
manufacturing of proprietary and licensed consumption accessories.
The Company is the largest Canadian retailer of recreational
cannabis as measured by revenue, with 97 current locations spanning
Ontario, Alberta, Manitoba and Saskatchewan. High Tide's
retail segment features the Canna Cabana, Meta Cannabis Co., Meta
Cannabis Supply Co. and NewLeaf Cannabis banners, with additional
locations under development across the country. High Tide has been
serving consumers for over a decade through its established
ecommerce platforms including Grasscity.com, Smokecartel.com,
Dailyhighclub.com, and Dankstop.com and more recently in the
hemp-derived CBD space through CBDcity.com and FABCBD.com as well
as its wholesale distribution division under Valiant Distribution,
including the licensed entertainment product manufacturer Famous
Brandz. High Tide's strategy as a parent company is to extend and
strengthen its integrated value chain, while providing a complete
customer experience and maximizing shareholder value. Key industry
investors in High Tide include Tilray Inc. (TSX: TLRY) (Nasdaq:
TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).
Neither the TSXV 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.
For more information about High Tide Inc., please visit
www.hightideinc.com, its profile page on SEDAR at www.sedar.com,
and its profile page on EDGAR at www.sec.gov.
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SOURCE High Tide Inc.