CALGARY, AB, Jan. 14, 2022 /CNW/ - High Tide Inc. ("High Tide"
or the "Company") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a
leading retail-focused cannabis company with bricks-and-mortar as
well as global e-commerce assets, announced today that its Canna
Cabana retail cannabis store located at 155 Albert Street North in
Regina, Saskatchewan, has begun
selling recreational cannabis products for adult use. This opening
represents High Tide's 107th branded retail location across
Canada, and 7th in Saskatchewan, selling recreational cannabis
products and consumption accessories. Building on the earlier
successful launches of two other locations, this store will be the
third Canna Cabana to open in Regina,
Saskatchewan's capital and second-largest city. The new
Canna Cabana store is located on Albert Street, which is a major
north-south thoroughfare and commercial corridor in Regina. It is also one block south of the
Northgate Mall, and is easily accessible from several nearby
residential communities.
![High Tide Inc. January 14, 2022 (CNW Group/High Tide Inc.) High Tide Inc. January 14, 2022 (CNW Group/High Tide Inc.)](https://mma.prnewswire.com/media/1726527/High_Tide_Inc__High_Tide_Opens_New_Canna_Cabana_Location_in_Regi.jpg)
"The Government of Saskatchewan
has made the province one of the most attractive for private-sector
cannabis retailers, and as a result of their business friendly
orientation we will continue to invest in the province," said Raj
Grover, President and Chief Executive Officer of High Tide.
"Despite some delays with the building permit approvals process
related to the pandemic, I look forward to announcing two
additional Regina store openings
in the coming weeks. Combined, this growth will make Canna Cabana
one of the largest cannabis retailers in the city, and allow us to
bring our innovative discount club concept to many more Reginans.
Our revamped Cabana Club loyalty program has been well-received by
our customers and I'm very encouraged by the results that I have
seen so far. I look forward to sharing more information about its
progress, as well as our fourth quarter 2021 results, on
January 27th," added Mr. Grover.
RELEASE OF FOURTH QUARTER 2021 RESULTS AND WEBCAST
The Company also announced today that it will release its
financial and operational results for the quarter and fiscal year
ended October 31, 2021, after
financial markets close on Thursday, January
27, 2022. High Tide's fourth quarter and fiscal year 2021
financial and operational results will be available on SEDAR and on
the Company's website at www.hightideinc.com/invest.
Following the release of its fourth quarter financial and
operational results, High Tide will host a webcast and conference
call with Raj Grover, President and Chief Executive Officer, and
Rahim Kanji, Chief Financial
Officer, at 6:00 PM Eastern Time on
Thursday, January 27, 2022. The webcast and conference call
will discuss High Tide's fourth quarter and fiscal year 2021
financial and operational results, as well as the Company's plans
for 2022.
Webcast Link for High Tide Earnings Event:
https://events.q4inc.com/attendee/701958923
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 may access the audio of the High Tide earnings
event through either the new webcast format, or the conference call
line below. However, any participant who wishes to ask a question
must access the event via conference call, as the webcast does not
support live questions.
Dial-In Information:
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: 037197
*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 Canadian retailer of recreational cannabis as
measured by revenue, with 107 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. 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 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 CBDcity.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.
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.