High Tide Makes The Globe and Mail’s Third-Annual Ranking of Canada’s Top Growing Companies With 733% Growth Over Three Years
September 24 2021 - 9:17AM
Business Wire
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
ranking.
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 family.
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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Media Inquiries Omar Khan Senior Vice President - Corporate and
Public Affairs omar@hightideinc.com Investor Inquiries Vahan
Ajamian Capital Markets Advisor vahan@hightideinc.com
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