High Tide

High Tide, Inc. engages in the manufacture and retail of cannabis smoking accessories and lifestyle products. It operates through the following segments: Wholesale, Retail and Corporate. The Retail segment represents by brands, including Canna Cabana, NewLeaf Cannabis, Meta Cannabis Co, KushBar, Grasscity, Smoke Cartel, and CBDcity. The Wholesale segment represents by brands, including Valiant Distribution and Famous Brandz. The Corporate segment manages the executive management and financing needs of the business. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.

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High Tide, Inc. is a retail-focused cannabis company, which engages in the manufacture and distribution of consumption accessories. It operates through the following segments: Retail, Wholesale, and Corporate. Its brands are Canna Cabana, Fastendr, Grasscity, Smoke Cartel, Daily High Club, DankStop, NuLeaf Naturals, FAB CBD, Blessed CBD, Valiant Distribution, and Famous Brandz. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.

The Company has also signed an LOI with Berlin-based health and life science company Sanity Group to better take advantage of potential German adult-usecannabis legalization This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short form base shelf prospectus dated April 22, 2021. Current annual revenue run rate exceeds $450 million, maintaining High Tide's position as Canada's top revenue-generating cannabis company 1 The Company celebrated its 11th consecutive quarter of positive adjusted EBITDA 2 The Company now counts approximately 4.5 million total customers globally across all platforms 3 The Company's bricks-and-mortar locations generated same store sales growth of 50% year-over-year and 9% sequentially in the fourth fiscal quarter of 2022 Largest non-franchised retailer in Canada with 151 locations and approximately 950,000 Cabana Club members, making it the largest bricks-and-mortar cannabis loyalty program in Canada Paid ELITE membership upgrades already exceed 6,000 members since launching this first-of-its-kind initiative in Canada at the end of November 2022 CALGARY, AB , Jan. 31, 2023 /PRNewswire/ - 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, filed its year-end audited 2022 financial results on January 30, 2023, the highlights of which are included in this news release.

High Tide Releases Audited 2022 Financial Results Featuring Record Fourth Quarter Revenue of $108.2 Million and Record Adjusted EBITDA of $5.0 Million

High Tide Inc. (HITI) delivered earnings and revenue surprises of -20% and 7.26%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

High Tide Inc. (HITI) Reports Q4 Loss, Tops Revenue Estimates

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TORONTO, ON / ACCESSWIRE / January 16, 2023 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) announces today that it has completed its Phase 1 prospecting program at the 14,400-hectare Clearcut Lithium Project (‘Property') located in the emerging Cadillac-Pontiac lithium camp southwest of Val d'Or, Quebec (Figure 1). Companies already active in the camp include Winsome Resources, Sayona Mining, Vision Lithium, Brunswick Exploration and Renforth Resources.

High Tide Resources Completes Phase 1 Prospecting at its Clearcut Lithium Project in Quebec

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The Company additionally announces the appointment of Omar Yar Khan as Chief Communications and Public Affairs Officer CALGARY, AB , Jan. 11, 2023 /PRNewswire/ -  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 will release its financial and operational results for the quarter and year ended October 31, 2022, after financial markets close on Monday, January 30, 2023. High Tide's fourth quarter and year end 2022 financial and operational results will be available on SEDAR, EDGAR, and on the Company's website at https://hightideinc.com/invest.

High Tide to Announce Fourth Quarter and Full Fiscal Year 2022 Financial Results

CALGARY, Alberta--( BUSINESS WIRE )--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 1055 Hillside Dr, Kamloops, British Columbia has begun selling recreational cannabis products and consumption accessories for adult use. This brings High Tide's total number of branded Canna Cabana locations across Canada to 151, including 7 in British Columbia. This new store represents the first Canna Cabana in the city of Kamloops and is a 15-minute walk from Thompson Rivers University, with an on-campus student population of over 13,000 and a scenic 250-acre campus. The store is also at the base of several hiking trails, and it is located in a shopping complex anchored by a major discount grocer and retailer. Finally, this bricks-and-mortar location is a short drive from Aberdeen Mall, a hub of retail activity in Kamloops.

High Tide Opens First Canna Cabana Store In Kamloops, British Columbia

The Company closes the year as the top revenue-generating cannabis company in Canada The Company also announces the opening of its 150th Canna Cabana location CALGARY, AB , Dec. 30, 2022 /PRNewswire/ - 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 reflect on its key milestones for 2022, a year that saw record growth for the company. From becoming the top revenue-generating cannabis company in Canada to being recognized as one of Canada's "Top Growing Companies" for the second year in a row by the Globe and Mail, to the growth of its unique Cabana Club loyalty program to over 900,000 members, to entering a new lucrative vertical in the United States with the launch of cannabis seed sales, the Company continuously demonstrated that it is committed to the further diversification of its ecosystem while remaining a leader in bringing innovation to the cannabis retail landscape.

High Tide Recaps Key Milestones of 2022

CALGARY, Alberta--( BUSINESS WIRE )--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 further to its press release dated September 29, 2022, the Company has completed its acquisition (the “Acquisition”) of 100% of the equity interest of 1171882 B.C. Ltd., operating as Jimmy's Cannabis Shop BC (“Jimmy's”), resulting in High Tide's acquisition of two retail cannabis stores currently operated by Jimmy's in British Columbia (the “Stores”) for $5.3 Million (the “Transaction”). The Stores are located at 1225 Cranbrook Street North, Cranbrook and 1543 Victoria Street, Prince George.

High Tide Closes Acquisition of Jimmy's Cannabis Shop BC

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CALGARY, AB , Dec. 22, 2022 /PRNewswire/ - 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 6231 Bathurst Street in North York, Ontario has begun selling recreational cannabis products and consumption accessories for adult use and that its store located at 1225 St. Mary's Rd, Winnipeg, Manitoba is scheduled to open tomorrow. These organic store openings bring the nationwide total of Canna Cabana bricks-and-mortar locations to 147.

High Tide Opens Two New Canna Cabana Stores in North York, Ontario and Winnipeg, Manitoba

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CALGARY, AB , Dec. 19, 2022 /PRNewswire/ - 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 1300 Main Street in the Ottawa, Ontario suburb of Stittsville, has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 145th Canna Cabana branded retail cannabis location in Canada and is the 47th store to open in Ontario.

High Tide Opens New Canna Cabana Store In Suburban Ottawa

New openings bring the company store count in Ontario to 46 CALGARY, AB , Dec. 15, 2022 /PRNewswire/ - 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 235 Ira Needles Blvd, Kitchener, Ontario, has begun selling recreational cannabis products and consumption accessories for adult use and that its store located at 201 Cundles Road E, in Barrie, Ontario, is scheduled to open tomorrow. These openings represent High Tide's 143rd and 144th stores nationwide and 45th and 46th in the province of Ontario.

High Tide Opens Two New Canna Cabana Stores in Kitchener and Barrie, Ontario

High Tide Inc has started to sell cannabis seeds online in the United States, the cannabis retailer said on Tuesday, after the country's narcotics agency determined that they can be sold openly.

High Tide begins to sell cannabis seeds in United States

The global cannabis seeds market was valued at USD $1.3 billion in 2021 and is projected to reach USD $6.5 billion by 2031 with an expected CAGR of 18.4% from 2022-2023 1 Over the last 12 months, GrassCity.com generated close to 24 million page views with 3.8 million users Over the last 12 months, GrassCity.com forums, which include a significant number of users with an interest in seeds, has seen 6.2 million users on its platform with nearly 12 million page views Over the last 12 months, SmokeCartel.com generated 42.6 million page views with 6.5 million users CALGARY, AB , Dec. 13, 2022 /PRNewswire/ - 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 begun selling cannabis seeds in the United States, initially through its wholly owned subsidiaries Grasscity and Smoke Cartel , which are the two most popular e-commerce platforms for consumption accessories in the world. 2 The Company plans to expand seed sales to additional online retail platforms within its portfolio in 2023.

High Tide Enters New Vertical in the United States With Launch of Cannabis Seeds

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CALGARY, Alberta--( BUSINESS WIRE )--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 announce the launch of Cabana Elite (“ELITE”), an optional paid membership upgrade for Cabana Club members. Starting today, customers can sign up for ELITE in-store and online at www.cannacabana.com. The Company expects that ELITE will extend the Cabana Club membership program, attract new customers and instill even greater customer loyalty. The Company anticipates that further discounts, benefits and promotions will be regularly added to ELITE. The table below outlines the various perks and benefits available to ELITE members:

High Tide Launches Exclusive Paid Membership Program: “Cabana Elite”

Innovative, first-of-its-kind loyalty program in retail cannabis that presents a recurring high-margin revenue opportunity for High Tide Membership provides access to exclusive ELITE flash sales, limited edition and exclusive ELITE branded products, discounts on delivery and across High Tide's global e-commerce accessories portfolio, among other benefits at non-cannabis retailers across Canada 1 For a limited time, in an effort to accelerate ELITE adoption and showcase its benefits, the first year of ELITE will be offered at $2.50 per month, a 50% discount Cabana Club membership currently exceeds over 860,000 members, which is the largest bricks-and-mortar cannabis loyalty program in Canada Standard Cabana Club Membership with all current benefits to remain unchanged and free of charge CALGARY, AB , Nov. 29, 2022 /PRNewswire/ - 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 announce the launch of Cabana Elite ("ELITE"), an optional paid membership upgrade for Cabana Club members. Starting today, customers can sign up for ELITE in-store and online at www.cannacabana.com.

High Tide Launches Exclusive Paid Membership Program: "Cabana Elite"

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There are not just one, but two reasons why High Tide (NASDAQ: HITI ) stock is on the move today. For one thing, High Tide announced it just opened another retail cannabis store.

Why Is High Tide (HITI) Stock Up Today?

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Data recently released by New Cannabis Ventures shows that the Company is now the largest revenue-generating company reporting in Canadian dollars. The Company also opens a second Canna Cabana location in Windsor, Ontario CALGARY, AB , Nov. 22, 2022 /PRNewswire/ - 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 according to new data recently released by the cannabis business publication, New Cannabis Ventures, the Company is now Canada's top revenue-generating cannabis company 1.

High Tide Becomes Top Revenue-Generating Cannabis Company in Canada

High Tide Inc. is a retail-focused cannabis company reporting bricks-and-mortar as well as e-commerce assets. In my view, the most interesting thing is that the free cash flow is expected to be positive in 2024.

After The Quarterly Report, High Tide Appears Undervalued

News for High Tide Stock (HITI)