CALGARY, AB, Feb. 24, 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 report it has ranked in the top 10
performing diversified industries stocks in the 2022 TSX Venture
50™, which is comprised of the top 50 from over 1,600 companies on
the TSX Venture Exchange.
The selected Venture 50™ companies have seen tremendous growth
over 2021, offered excellent returns to their shareholders, and are
actively traded in the market.
"We listed on the TSX Venture Exchange in November 2020 concurrent with the acquisition of
META Growth Corp., and we are very proud to be included in The
Venture 50™ in 2022," said Raj Grover, President and Chief
Executive Officer of High Tide. "High Tide was recently recognized
as one of Canada's top growing
companies for 2021 by the Globe and Mail. It is great to see that
our operational execution and capital markets progress continue to
be recognized across other market participants as well. We look
forward to even more growth in our business and value creation for
shareholders ahead", added Mr. Grover.
ABOUT THE VENTURE 50™
The Venture 50™, the Exchange's flagship program, showcases the
top performing listed companies from five industry sectors: Clean
Technology and Life Sciences, Diversified Industries, Energy,
Mining, and Technology. Winners are selected based on
year-over-year performance across three equally-weighted criteria:
market capitalization growth, share price appreciation and trading
volume for the year ended December 31,
2021.
For more information visit: www.tsx.com/venture50.
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. 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 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 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.
Forward-looking statements in this news release include statements
relating to: Mr. Grover's statements with respect to future growth
of High Tide's business as well as future value creation of High
Tide's shareholders; and the Company's strategy 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 High Tide to grow its business in the future; High Tide's
ability to create future value for its shareholders, and the
Company's ability to extend and strengthen its value chain while
providing a complete customer experience and maximizing shareholder
value. 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.