CALGARY, AB, March 4, 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 its Canna
Cabana retail cannabis store located at 8927 82 (Whyte) Avenue in
Edmonton, Alberta, has begun
selling recreational cannabis products for adult use. This opening
represents High Tide's 112th branded retail
location across Canada, and
61st in Alberta,
selling recreational cannabis products and consumption accessories.
This store will also be High Tide's eighth to open in Edmonton, Alberta's capital and second-largest
city with a metropolitan population of 1.4 million people. The
store is strategically situated on Whyte Avenue, a well-trafficked
and popular east-west corridor, and is in the Bonnie Doon
neighbourhood, which is well-known as the heart of Edmonton's francophone community. It shares a
retail complex with numerous popular local businesses, and is
located close to both the Bonnie Doon Shopping Centre, a mall
anchored by a national grocery retailer, and Campus Saint-Jean, the
University of Alberta's francophone
campus.
![High Tide Inc. March 4, 2022 (CNW Group/High Tide Inc.) High Tide Inc. March 4, 2022 (CNW Group/High Tide Inc.)](https://mma.prnewswire.com/media/1759454/High_Tide_Inc__High_Tide_Opens_new_Canna_Cabana_Store_on_Edmonto.jpg)
"I am pleased to be announcing that we are bringing our
innovative discount club model to even more Edmontonians today.
Edmonton has amongst the youngest
and highest-earning demographic profiles of major cities in
Canada, and the stores that we
have previously opened here have been very well-received," said Raj
Grover, President and Chief Executive Officer of High Tide.
"Additionally, with the impending launch of private sector
e-commerce and delivery in Alberta, our customers will soon have even
more options for accessing our guaranteed low prices at all of our
stores across the province. We will keep looking to expand our
footprint in all provinces where we operate by strategically adding
new organic locations, such as this one, as well as through
accretive acquisitions. I will be sharing details on our progress
and continued momentum as we release our first quarter financial
results on March 17th,"
added Mr. Grover.
RELEASE OF FIRST QUARTER 2022 RESULTS AND WEBCAST
The Company also announced today that it will release its
financial and operational results for the quarter ended
January 31, 2022, after financial
markets close on Thursday, March 17,
2022. High Tide's first quarter 2022 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 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 Thursday,
March 17, 2022. The webcast and conference call will discuss High
Tide's first 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/372657250
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: 019155
*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 112 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
Fastendr™ technology. 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.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/high-tide-opens-new-canna-cabana-store-on-edmontons-whyte-avenue-and-provides-timing-for-release-of-first-quarter-2022-financial-results-and-webcast-301495595.html
SOURCE High Tide Inc.