CALGARY, AB, Feb. 22, 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 has launched cannabis Delivery on Demand in select
Canna Cabana retail locations across Canada. Under the new program, customers will
be guaranteed delivery of all online orders from participating
stores within two hours of their order being placed, or any hourly
slot chosen by the customer between 12:00pm
and 8:00pm outside of the two hour window. Under this
premium delivery program, customers will be charged a CAD$9.99 delivery fee, with no minimum purchase
required. After an initial launch at select locations in
Ontario, Manitoba, and Saskatchewan, the Company intends to expand
the program to cover all locations under the Canna Cabana banner
across Canada, including in
Alberta where private delivery is
set to launch on March 8th, as per
guidance received from the provincial regulator.
![High Tide Inc. February 22, 2022 (CNW Group/High Tide Inc.) High Tide Inc. February 22, 2022 (CNW Group/High Tide Inc.)](https://mma.prnewswire.com/media/1751118/delivery_onDemand_NW.jpg)
"At High Tide, we strive to consistently roll out innovative and
forward-thinking service offerings for our customers, and today's
announcement is no different. Through this on-demand approach to
cannabis delivery, we are creating an experience that we know will
be enjoyed by Cabana Club members across Canada. By choosing to use Delivery on Demand
when ordering from Canna Cabana, our customers will be able to
access our unbeatable prices from the comfort of their own home,
with the added peace-of-mind of knowing exactly when their delivery
will arrive from the moment that they place their order," said Raj
Grover, President and Chief Executive Officer of High Tide. "In
addition to creating a fantastic delivery experience for our
customers, this initiative also represents a proactive and
thoughtful approach to competing with and drawing consumers away
from the illicit cannabis market, which we know remains resilient
in part due to their offering of unregulated delivery services. We
plan on introducing this program in all provinces where we operate
as soon as possible, and I look forward to seeing the growth and
success of this program as we roll it out across Canada," 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 Canadian retailer of recreational cannabis as
measured by revenue, with 111 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, and BlessedCBD.co.uk, 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 and its profile pages on SEDAR at www.sedar.com
and 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.
Forward-looking statements in this news release include, but are
not limited to: statements with the Company's intentions to provide
guaranteed delivery on all online orders on the terms and
conditions discussed in this news release; the Company's intentions
to expand the program to cover all locations under the Canna Cabana
banner across Canada, including in
Alberta where private delivery is
expected to launch on March 8th, as
per guidance received from the provincial
regulator; statements by Mr. Grover with respect to the
delivery program's expected success and growth; the Company's
intentions to pay the Consulting Fee on the terms and conditions
outlined in this news release, and the Company's
strategy as a parent company to extend and strengthen its
integrated value chain, while providing a complete customer
experience and maximizing shareholder value.
Such forward-looking statements are based on assumptions that
may prove to be incorrect, including but not limited to the ability
of the Company to provide guaranteed delivery on all online orders
on the terms and conditions discussed in this news release; the
ability of the Company intentions to expand the program to cover
all locations under the Canna Cabana banner across Canada, including in Alberta where private delivery is expected to
launch on March 8th and the Company's
ability to obtain regulatory approval for same; the ability of
the delivery program to generate the expected success
and growth, the market demand for the guaranteed delivery program
product offering; the ability of the Company to obtain
approval of the TSX Venture Exchange with respect to the Consulting
Fee share issuance; the ability of the Company to carry
out on its strategy as a parent company to extend and strengthen
its integrated value chain, while providing a complete customer
experience and maximizing shareholder value execute on its
business plan. 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.