“The new Macleod Trail store strengthens our leadership position in the Calgary cannabis retail market, providing customers with our unique one-stop-shop cannabis store experience, ”said Raj Grover, President and CEO of High Tide. “As we continue to expand our e-commerce footprint in United States and Europe, expanding our brick and mortar business footprint will remain a priority for High Tide, ”added Mr. Grover.
About High Tide Inc.
High Tide is a retail-focused cannabis company bolstered by the manufacture and distribution of consumer accessories. The Company is the most profitable Canadian recreational cannabis retailer as measured by the adjusted EBIDTA1, with 88 current locations covering Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail segment includes the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations being developed across the country. High Tide has served consumers for over a decade through its many consumer accessory companies, including the e-commerce platforms Grasscity.com, Smokecartel.com, CBDcity.com, FABCBD.com and its division wholesale distribution under Valiant Distribution, including the licensed entertainment product. Famous Brandz manufacturer. High Tide’s strategy as a parent company is to expand and strengthen its integrated value chain, while delivering a complete customer experience and maximizing shareholder value. The main sector investors in High Tide are Tilray Inc. (TSX: TLRY) (NYSE: TLRY) and Aurora Cannabis Inc. (TSX: ACB). (NYSE: ACB).
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release are forward-looking information or forward-looking statements. These information and statements, referred to herein as “forward-looking statements” are made as of the date of this press release or the date of the effective date of the information described in this press release, as the case may be. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs about future events. Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance (generally, forward-looking statements can be identified by the use of words such as “outlook”, “expect”, “intend”, “plan”, “anticipate”, “plan”, “projects”, “estimate”, “consider”, “assume”, ” needs “,” strategy “,” goals “,” objectives “, or variations thereof, or by stating that certain actions, events or results” may “,” may “,” could “,” would “,” could ”, Or“ will ”be undertaken, occur or be achieved, or the negative of any of these terms or similar expressions, and any other similar terminology) are not statements of historical fact and may be forward-looking statements.
These forward-looking statements are based on assumptions which may prove to be incorrect, including, but not limited to, the ability of High Tide to execute its business plan and that High Tide will receive one or more licenses from Alberta Gaming. , Liquor & Cannabis, The Liquor Distribution Branch of British Columbia, the Liquor, Gaming and Cannabis Authority of Manitoba, the Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority allowing it to operate Canna Cabana Inc. and KushBar Inc. High Tide considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that one or more of the governmental, industrial, commercial, operational or financial objectives set forth herein will be achieved. Inherent in 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 all results, performances. or accomplishments expressed or implied by these forward-looking statements. .
The forward-looking statements contained in this document are current as of the date of this press release. Except as required by law, High Tide has no obligation to notify any person if it becomes aware of any inaccuracy or omission in any forward-looking statement, and does not intend or assume no obligation to update or revise these forward-looking statements. – forward-looking statements to reflect new events or circumstances. All forward-looking statements included in this press release are expressly qualified by this cautionary statement and, unless otherwise indicated, are made as of the date of this press release.
1 Adjusted EBITDA is a non-IFRS financial measure.
SOURCE Marée Haute Inc.