UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2024
Commission File Number: 001-40258
HIGH TIDE INC.
(Registrant)
11127 - 15 Street N.E., Unit 112
Calgary, Alberta
Canada T3K 2M4
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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HIGH TIDE INC.
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(Registrant)
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Date: February 22, 2024
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By
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/s/ Raj Grover
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Raj Grover
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President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit
99.1
![](https://www.sec.gov/Archives/edgar/data/1847409/000127956924000184/logo.jpg)
High Tide Recognized as a Top 10 Ranked Company
in the Diversified Industries Sector by the TSX Venture 50 for 2024
This Marks the Company's
Second Time Making This Prestigious List in Three Years
CALGARY, AB, Feb. 22, 2024 /CNW/ - High Tide Inc.
("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward
enterprise built to deliver real-world value across every component of cannabis, announced today that it has been recognized for the second
time in three years by the TSX Venture Exchange (the "TSXV") as a 2024 Top 50 Performer. High Tide ranks fifth in the top 10
diversified industries sector and is the only Canadian cannabis company included in the rankings. The TSX Venture 50 ranks the strongest
companies on the TSX Venture Exchange by share price appreciation, trading volume amount, and market capitalization growth. More detailed
results and a video highlighting High Tide can be found at www.tsx.com/Venture50
High Tide Inc., February 22, 2023 (CNW Group/High
Tide Inc.)
"We are thrilled to see our name yet again amongst
the top-performing companies on the 2024 TSX Venture 50. This recognition follows our fiscal year-end 2023 financial results, where we
again demonstrated our commitment to operational excellence, achieving our second quarter of free cash flow while continuing to grow organically,"
said Raj Grover, Founder and Chief Executive Officer of High Tide.
"In the challenging and hyper-competitive landscape
of Canadian cannabis, I am proud of what our team has accomplished. This ongoing recognition by the TSXV and other noteworthy publications,
such as The Globe and Mail's Report on Business and The Financial Times, demonstrates that independent, highly respected institutions
continue to recognize the success of High Tide's business model. As we continue to expand our footprint in Canada and potential emerging
international markets such as Germany, I am confident that this recognition will continue," added Mr. Grover.
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward
cannabis enterprise engineered to unleash the full value of the world's most powerful plant and is the second-largest cannabis retailer
in North America by store count1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified
and fully-integrated operations across all components of cannabis, including:
________________________________ |
1 As reported by ATB Capital Markets based on store counts as of February 8, 2024 |
Bricks & Mortar Retail: Canna Cabana™
is the largest non-franchised cannabis retail chain in Canada, with 163 current locations spanning British Columbia, Alberta,
Saskatchewan, Manitoba and Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in North America.
Retail Innovation: Fastendr™ is a unique
and fully automated technology that integrates retail kiosks and smart lockers to facilitate a better buying experience through browsing,
ordering and pickup.
E-commerce Platforms: High Tide operates a
suite of leading accessory sites across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
CBD: High Tide continues to cultivate the possibilities
of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that
cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis
culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.
High Tide consistently moves ahead of the currents,
having been named one of Canada's Top Growing Companies in 2021, 2022 and 2023 by the Globe and Mail's Report on Business Magazine, and
was named as one of the top 10 performing diversified industries stocks in both the 2022 and 2024 TSX Venture 50. High Tide was also ranked
number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact
of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.
Neither the TSX Venture Exchange 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking
information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the
words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information
and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements
herein include, but are not limited to, statements regarding: future recognition of the Company in publications and rankings. Readers
are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those
contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such
statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject
to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors
discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and
elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca
and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly
qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates
or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking
information, except as required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-recognized-as-a-top-10-ranked-company-in-the-diversified-industries-sector-by-the-tsx-venture-50-for-2024-302068339.html
SOURCE High Tide Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/22/c1780.html
%CIK: 0001847409
For further information: Media Inquiries: Omar Khan, Chief Communications
and Public Affairs Officer, High Tide Inc., omar@hightideinc.com, 403-770-3080; Investor Inquiries: Vahan Ajamian, Capital Markets Advisor,
High Tide Inc., vahan@hightideinc.com
CO: High Tide Inc.
CNW 06:00e 22-FEB-24
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