CALGARY,
AB, Feb. 27, 2023 /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,
said today that it will release its financial and operational
results for the quarter ended January 31,
2023, after financial markets close on Friday, March 17, 2023. High Tide's first quarter
2023 financial and operational results will be available on SEDAR,
EDGAR, and on the Company's website at
https://hightideinc.com/invest.
Following the release of its first quarter 2023 financial and
operational results, High Tide will host a webcast with Raj Grover,
President and Chief Executive Officer, and Sergio Patino, Interim Chief Financial Officer,
to discuss the Company's financial results and its plans for the
rest of 2023, at 11:30 AM Eastern Time on
Monday, March 20, 2023.
Webcast Link for High Tide Earnings Event:
https://events.q4inc.com/attendee/193203965
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Employee Stock Options
Grant
In addition, High Tide announces the grant of 258,000 incentive
stock options (the "Options") to various employees, consultants and
management of the Company. Each Option is exercisable at the
closing price of the Company's common shares listed on the TSX
Venture Exchange (the "TSXV") based on the last trading day
immediately prior to this press release, expires three years from
the date of grant, and vests over a two-year period. Each Option is
exercisable to purchase one common share of the Company and are
being issued pursuant to the terms of the Company's Omnibus Plan,
which became effective on June 2,
2022.
Grant of Restricted Share
Units
The Company also announced that its Board of Directors has
approved a grant of 706,250 restricted share units ("RSUs") to
various employees, consultants and management of the Company
pursuant to the Company's restricted share unit plan. Each RSU
entitles the holder to acquire one common share of the Company upon
vesting.
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. High Tide (HITI) is uniquely-built
around the cannabis consumer, with wholly-diversified and
fully-integrated operations across all components of cannabis,
including:
Brick & Mortar Retail: Canna Cabana™ is the largest
non-franchised cannabis retail chain in Canada, with 151 current locations
spanning British Columbia,
Alberta, Saskatchewan, Manitoba and Ontario and growing. Canna Cabana is also the
first cannabis discount club retailer in Canada.
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 some
of the world's most popular consumption accessories sites,
including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and
Dankstop.com.
CBD: High Tide continues to cultivate the potential of
CBD globally through Nuleafnaturals.com, FABCBD.com, and
BlessedCBD.co.uk.
Wholesale Distribution: High Tide keeps the consumption
accessories category stocked through wholesale solutions via
Valiant™.
High Tide consistently moves ahead of the currents, having been
named one of Canada's Top Growing
Companies in both 2021 and 2022 by Report on Business Magazine. To
discover the full impact of High Tide, visit www.hightideinc.com.
For investment performance, don't miss High Tide's profile pages on
SEDAR, EDGAR and on the Company's website at
https://hightideinc.com/invest.
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.
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SOURCE High Tide Inc.