CALGARY,
AB, May 9, 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, is pleased
to announce that Greg Fleury has
joined the Company in the role of Chief Technology Officer. Mr.
Fleury brings over 20 years experience in developing and managing
digital operations teams, web platform design, analytics, search
engine optimization, and e-commerce in the retail, oil and gas, and
utilities sectors. In his most recent prior role as Vice-President
of Digital and Technology for Edo Japan, a Canadian fast food
restaurant chain specializing in Japanese Teppan-style cooking, he
led the development of that company's ordering app, website, data
warehouse, and analytics systems.
"It gives me great pleasure to announce the addition of
Greg Fleury to High Tide's executive
team. Greg is an avid technological innovator with many years of
experience and a track record of success. I plan on working closely
with him over the coming months to take the digital and e-commerce
components of High Tide's integrated cannabis ecosystem to new
heights," said Raj Grover, President and Chief Executive Officer of
High Tide. "I would also like to thank Sean
Geng for all of his efforts as High Tide's Chief Technology
Officer over the last year. Sean will remain on board with our
company as a technology consultant, and I look forward to his
continued contributions," added Mr. Grover.
"I am excited to be joining a company that is as dynamic and
fast-growing as High Tide is. Over the past year, High Tide has
established itself as an e-commerce leader within the global
cannabis space, and I was particularly drawn to the company because
of this. I am eager to begin working to optimize High Tide's
digital platforms, building on our already-solid footing to keep us
at the forefront of the cannabis sector's technological evolution,"
said Mr. Fleury.
As Chief Technology Officer, Mr. Fleury will be responsible for
leading High Tide's global technology and digital operations,
overseeing the development of digital platforms, digital commerce,
security, and analytics. He will also be responsible for managing
High Tide's IT infrastructure.
RELEASE OF SECOND QUARTER 2022
RESULTS AND WEBCAST
The Company also announced today that it will release its
financial and operational results for the quarter ended
April 30, 2022, after financial
markets close on Tuesday, June 14,
2022. High Tide's second quarter 2022 financial and
operational results will be available on SEDAR, EDGAR, and on the
Company's website at www.hightideinc.com/invest.
Following the release of its first quarter financial and
operational results, High Tide will host a webcast with Raj Grover,
President and Chief Executive Officer, and Rahim Kanji, Chief Financial Officer, at
5:30 PM Eastern Time on Tuesday, June
14, 2022. The webcast and conference call will discuss High Tide's
second quarter 2022 financial and operational results, as well as
the Company's plans for the remainder of 2022.
Webcast Link for High Tide Earnings
Event:
https://events.q4inc.com/attendee/198957094
Participants may pre-register for the webcast by clicking on the
link above prior to the beginning of the live webcast. Three hours
after the live webcast, a replay of the webcast will be available
at the same link above.
Participants who wish to ask questions during the event may do
so through the call-in line, the access information for which is as
follows:
Canada Dial-In Number (Toll-Free): +1 833 950 0062
Canada Dial-In Number (Local): +1 226 828 7575
United States Dial-In Number (Toll-Free): +1 844 200 6205
United States Dial-In Number (Local): +1 646 904 5544
Dial-In Number for All Other Locations: +1 929 526 1599
Participant Access Code: 076140
*Participants will need to enter the participant access code
before being met by a live operator*
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 120 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 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. 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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SOURCE High Tide Inc.