CALGARY, AB, Sept. 27, 2021 /PRNewswire/ - 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,
announced today that its Canna Cabana retail cannabis stores
located at 1021 Cyrville Road (the "Gloucester store") and 836 March Road (the
"Kanata store") in Ottawa, Ontario, have begun selling
recreational cannabis products for adult use. These openings bring
High Tide's total number of branded retail locations across
Canada to 99, and 28 in
Ontario, selling recreational
cannabis products and consumption accessories. The Gloucester store is well-placed to reach the
currently-underserved consumers living in Ottawa's eastern suburbs, being situated in a
large commercial plaza just off Ottawa's Queensway and anchored by a national
grocery chain and other big box retailers. It is also located near
the St. Laurent Shopping Centre and surrounding retail attractions,
and is close to the main campus of La Cité, the largest
french-language college in Ontario
with 5,000 full-time students. The Kanata store is situated in the midst of
Ottawa's fast-growing western
suburbs, in a commercial plaza anchored by a national grocery
retailer, and a major provincial liquor store chain, which is just
down the road from the Kanata Research Park and its significant
concentration of employers in the hi-tech sector.
"I am pleased that customers in suburban Ottawa will now be able to take advantage of
our unique one stop cannabis shop concept for all of their cannabis
and consumption accessories needs. While downtown
Ottawa residents have been able to
access our two Canna Cabana stores for some time, expansion into
underserviced suburban areas remains a key element of our organic
growth strategy," said Raj Grover, President and Chief Executive
Officer of High Tide. With the opening of the new
Gloucester and Kanata locations, High Tide is poised to open
its 100th Canadian store within the next few days," added Mr.
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 99 current locations spanning
Ontario, Alberta, Manitoba and Saskatchewan, and was featured in the third
annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021.
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news 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 news release or as of the date of the
effective date of information described in this news release, as
applicable. Forward-looking statements relate to future events or
future performance and reflect current estimates, predictions,
expectations or beliefs regarding future events. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (generally, forward-looking
statements can be identified by use of words such as "outlook",
"expects", "intend", "forecasts", "anticipates", "plans",
"projects", "estimates", "envisages, "assumes", "needs",
"strategy", "goals", "objectives", or variations thereof, or
stating that certain actions, events or results "may", "can",
"could", "would", "might", or "will" be taken, occur or be
achieved, or the negative of any of these terms or similar
expressions, and other similar terminology) are not statements of
historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that
may prove to be incorrect, including but not limited to the ability
of High Tide to execute on its business plan and that High Tide
will receive one or multiple licenses from Alberta Gaming, Liquor
& Cannabis, British Columbia's
Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority
of Manitoba, Alcohol and Gaming
Commission of Ontario or the
Saskatchewan Liquor and Gaming Authority permitting it to carry on
its Canna Cabana Inc. and KushBar Inc. businesses. High Tide
considers these assumptions to be reasonable in the circumstances.
However, there can be no assurance that any one or more of the
government, industry, market, operational or financial targets as
set out herein will be achieved. Inherent in the forward-looking
statements are 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 by such
The forward–looking statements contained herein are current
as of the date of this news release. Except as required by law,
High Tide does not have any obligation to advise any person if it
becomes aware of any inaccuracy in or omission from any
forward-looking statement, nor does it intend, or assume any
obligation, to update or revise these forward-looking statements to
reflect new events or circumstances. Any and all forward-looking
statements included in this news release are expressly qualified by
this cautionary statement, and except as otherwise indicated, are
made as of the date of this news release.
View original content to download
SOURCE High Tide Inc.