CALGARY,
AB, Nov. 22, 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,
announced today that certain officers, directors, and consultants
led by the Company's President and Chief Executive Officer, in the
aggregate, acquired 125,917 common shares in the capital of High
Tide ("Common Shares") on the open market between November 20 and November 21 at an average
price of $1.88 per Common Share. The
purchase of Common Shares by certain officers, directors, and
consultants reflects confidence in the intrinsic value of the stock
and the near-term and long-term growth prospects of the Company.
With these purchases, insiders and certain consultants, in the
aggregate, now own or control 7,289,391 Common Shares, representing
approximately 9.37% of the Company's issued and outstanding Common
Shares as of November 21, 2023.
These purchases are over and above those disclosed in the Company's
news release dated March 30, 2023,
where certain officers, directors, and consultants acquired 258,921
Common Shares at an average price of $1.59 per Common Share.
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:
Bricks & Mortar Retail: Canna Cabana™ is the largest
non-franchised cannabis retail chain in Canada, with 156 current locations spanning
British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and growing. In 2021, Canna Cabana
became 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
leading accessory sites across the world, including Grasscity.com,
Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
CBD: High Tide continues to cultivate the possibilities
of consumer CBD through Nuleafnaturals.com, FABCBD.com,
blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that cannabis
category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis culture
forward through fresh partnerships and license agreements under the
Famous Brand™ name.
High Tide consistently moves ahead of the currents, having been
named one of Canada's Top Growing
Companies in 2021, 2022 and 2023 by the Globe and Mail's Report on
Business Magazine and was ranked number one in the retail category
on the Financial Times list of Americas' Fastest Growing Companies
for 2023. To discover the full impact of High Tide, visit
www.hightideinc.com. For investment performance, don't miss the
High Tide profile pages on SEDAR+ and EDGAR.
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.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information"
and "forward-looking statements within the meaning of applicable
Canadian securities legislation. The use of any of the words
"could", "intend", "expect", "believe", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on the Company's current
belief or assumptions as to the outcome and timing of such future
events. The forward-looking statements herein include, but are not
limited to, statements regarding: the Company's ability to deliver
real-world value across every component of cannabis, and the
near-term and long-term growth prospects of the Company. Readers
are cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ materially
from those contemplated by these statements. Although the Company
believes that the expectations reflected in forward-looking
statements in this press release are reasonable, such statements
are based on expectations, factors, and assumptions concerning
future events which may prove to be inaccurate and are subject to
numerous risks and uncertainties, certain of which are beyond the
Company's control, including but not limited to the risk factors
discussed under the heading "Non-Exhaustive List of Risk Factors"
in Schedule A to our current annual information form, and elsewhere
in this press release, as such factors may be further updated from
time to time in our periodic filings, available at www.sedar.com
and www.sec.gov, which risk factors are incorporated herein by
reference. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement and
reflect the Company's expectations as of the date hereof and are
subject to change thereafter. The Company undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, estimates or opinions, future events or
results or otherwise, or to explain any material difference between
subsequent actual events and such forward-looking information,
except as required by applicable law.
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SOURCE High Tide Inc.