CALGARY,
AB, April 19, 2022 /CNW/ - High Tide Inc.
("High Tide" or the "Company") (Nasdaq: HITI) (TSXV:
HITI) (FSE: 2LYA), a leading retail-focused cannabis company with
bricks-and-mortar as well as global e-commerce assets, announced
today that it will mark the annual 4/20 cannabis holiday with the
opening of two new stores in Alberta and Ontario. The new stores are located at 172
Leva Avenue in Red Deer County,
Alberta (the "Gasoline Alley Store"), and 595
Fanshawe Park Road West in London,
Ontario (the "London Store"). These openings will
bring High Tide's total number of branded retail locations across
Canada to 115, and also represent
the Company's 62nd location in Alberta and 35th location in Ontario, respectively. The Gasoline Alley
Store is strategically located within the quickly growing Gasoline
Alley retail and commercial district, which is anchored by a
national big-box discount grocery wholesaler, a movie theatre
chain, and is immediately south of the City of Red Deer, Alberta's third-largest
city, with a population of just over 100,000. The London Store is
situated at the intersection of two major roadways in the
northwestern part of the city, which is at the centre of
Ontario's fourth-largest
metropolitan area with a population of over 540,000. London is also home to Western University and Fanshawe College, with
combined enrollments of over 52,000 students. The store is part of
a retail plaza on Fanshawe Park Road that is anchored by national
discount and grocery retail chains.
4/20 PRIZE PACKAGE
As a celebration of the Cabana Club having surpassed 420,000
members, High Tide will be awarding an exclusive prize package to a
randomly-selected member of the Cabana Club on April 20, 2022 at 4:20 PM
Mountain Time.1 The prize package
will consist of a car valued at approximately $42,000, or a cash equivalent, as well as an
all-expenses paid roundtrip flight to Calgary and dinner with Raj Grover, the
Company's President and Chief Executive Officer. Once confirmed,
the details of the winner will be shared via press release, High
Tide's social media channels, and the Company's website.
"Although closings of some acquisitions are taking longer than
anticipated due to new regulatory timelines and considerations, we
are continuing our strong organic growth trajectory across
Canada. Our existing stores in
both Red Deer and London have performed very well, and we are
anticipating further positive results from these new locations as
we expand our footprint in both cities," said Raj Grover, President
and Chief Executive Officer of High Tide. "More store sites remain
under construction in other jurisdictions across Canada, and we anticipate announcing the
opening of these locations over the coming weeks. I also look
forward to sharing details about the Cabana Club contest winner
shortly after 4/20, along with our 4/20 sales numbers as we have
historically done," added Mr. Grover.
ABOUT HIGH TIDE
High Tide is a leading retail-focused cannabis company with
bricks-and-mortar as well as global e-commerce assets. The Company
is the largest non-franchised Canadian retailer of recreational
cannabis as measured by revenue, with 115 current locations
spanning Ontario, Alberta, Manitoba, and Saskatchewan. High Tide was featured in the
third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021 and was
named as one of the top 10 performing diversified industries stocks
in the 2022 TSX Venture 50™. The Company is also North America's first and only cannabis
discount club retailer, featuring 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 more
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 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.
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.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. business. 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
forward-looking statements.
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.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy any of the securities in
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 laws and may not be offered or sold within the United States or to U.S. Persons (as
defined in the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such
registration is available.
_______________________________
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1 Please see
contest rules for further details at:
https://cannacabana.com/blogs/news/cabana-club-giveaway-win-a-2022-toyota-prius-vip-trip.
Please note that the Company reserves the right to withdraw, amend,
terminate or suspend in whole or in part this Contest at any time
without prior notice and without liability if the Company
determines that for any reason the Contest is not capable of being
conducted as planned. This Contest Process will be subject to
compliance with the Cannabis Act and associated
Regulations.
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SOURCE High Tide Inc.