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.

High Tide has announced a major pivot away from emphasizing revenue growth in favor of generating cash flow. They have been capturing roughly 1% of market share per quarter and currently control 9% of the Canadian market.

High Tide's Quest For Cash Flow Should Lead To Valuation Improvement

High Tide Inc. (NASDAQ:HITI ) Q1 2023 Earnings Conference Call March 20, 2023 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and CEO Sergio Patino - Interim CFO Conference Call Participants Scott Fortune - ROTH MKM Andrew Partheniou - Stifel Andrew Semple - Echelon Capital Markets Frederico Gomes - ATB Capital Markets Operator Good morning. My name is Leo, and I'll be your conference operator today.

High Tide Inc. (HITI) Q1 2023 Earnings Call Transcript

High Tide Inc. (HITI) delivered earnings and revenue surprises of 28.57% and 6.13%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

High Tide Inc. (HITI) Reports Q1 Loss, Tops Revenue Estimates

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.

High Tide Reports Second Consecutive Quarter of Record Revenue and Adjusted EBITDA; $118 Million and $5.5 Million, Respectively

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With multiple high-margin income streams, High Tide has the tools to win price wars. Its discount model has been capturing 1% of market share and climbing YoY Same Store Sales Growth has reached 50% as of Q4 2022.

High Tide: Building A Global Cannabis Empire

CALGARY, AB , Feb. 27, 2023 /PRNewswire/ - 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.

High Tide to Announce First Quarter 2023 Financial Results

Inferred Mineral Resource of 654.9 Million Tonnes Grading 28.8% Total Iron TORONTO, ON / ACCESSWIRE / February 24, 2023 / Avidian Gold Corp. ("Avidian" or the "Company") (TSXV:AVG) is pleased an update on the Labrador West Iron Project, through its majority owned investment in High Tide Resources (CSE:HTRC). Dino Titaro, Director and Chairman of Avidian Gold states, "As a 28% owner in High Tide Resources, Avidian is very pleased with yesterday's great news from their high-quality & low-impurity Labrador West Iron Project.

Avidian's Majority Owned High Tide Resources Announces Maiden Mineral Resource Estimate at its Labrador West Iron Project

Inferred Mineral Resource of 654.9 Million Tonnes Grading 28.8% Total Iron TORONTO, ON / ACCESSWIRE / February 23, 2023 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to announce the release of its maiden Mineral Resource Estimate ("MRE") for its flagship Labrador West Iron Project (the "Project" or "Property"). The Property is located in the southern Labrador Trough, home to four operating iron ore mines, and less than 20 km northeast of IOC/Rio Tinto's Carol Lake Mine complex in Labrador City, Newfoundland and Labrador (Figure 1).

High Tide Resources Announces Maiden Mineral Resource Estimate at its Labrador West Iron Project

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 CALGARY, AB , Feb. 15, 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 the Company and Rahim Kanji, Chief Financial Officer of the Company, have mutually agreed to part ways effective February 28, 2023. The Company wishes to thank Rahim for his contributions over his tenure and for his continued help and efforts in the transition of his role and responsibilities.

High Tide Announces Management Change and Corrects Disclosure

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High Tide, Inc. (NASDAQ:HITI ) Q4 2022 Earnings Conference Call January 31, 2023 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President & CEO Rahim Kanji - CFO Conference Call Participants Scott Fortune - ROTH Capital Partners Frederico Gomes - ATB Capital Andrew Semple - Echelon Andrew Partheniou - Stifel Financial Corp Operator My name is [indiscernible], and I'll be your conference operator today. At this time, I would like to welcome everyone to High Tide Inc.'s fourth quarter of 2022 unaudited financial and operational results conference call.

High Tide, Inc. (HITI) Q4 2022 Earnings Call Transcript

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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Cannabis REITs have been slammed this year amid concern over defaults from their cannabis cultivator tenants, which have been smoked by plunging wholesale cannabis prices and setbacks on federal legalization. The exclusion of the SAFE Banking Act from the omnibus federal spending package dimmed the once-high hopes that major federal marijuana legislation would be passed during the Biden Presidency.

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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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