High Tide Doubles Ottawa Presence with New Cannabis Retail Stores in Gloucester and Kanata
CALGARY, AB, September 27, 2021 / PRNewswire / – High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis company reinforced by manufacturing of exclusive and licensed consumer products accessories, today announced that its Canna Cabana cannabis retail stores located at 1021 Cyrville Road (the “Gloucester store “) and 836 March Road (the”Kanata store “) in Ottawa, Ontario, began selling recreational cannabis products for adults. These openings bring the total number of High Tide branded outlets across Canada at 99, and 28 in Ontario, selling recreational cannabis products and consumer accessories. The Gloucester store is well positioned to reach the currently underserved consumers living in that of Ottawa eastern suburb, being located in a large commercial square next door that of Ottawa Queensway and anchored by a national grocery chain and other big box retailers. It is also located near the Saint-Laurent Shopping Center and surrounding shopping attractions, and close to the main campus of La Cité, the largest French-language college in Ontario with 5,000 full-time students. The Kanata store is located in the middle of that of Ottawa Fast-growing western suburb, in a commercial location anchored by a national grocery retailer and a large provincial liquor store chain, just down the road from Kanata Research Park and its significant concentration of employers in the high-tech sector.
“I am happy that customers from the suburbs Ottawa will now be able to take advantage of our unique one-stop-shop cannabis store concept for all their cannabis and consumer accessories needs. While the city center Ottawa residents have been able to access our two Canna Cabana stores for some time, expansion into underserved suburban areas remains a key part of our organic growth strategy, ”said Raj Grover, President and CEO of High Tide. With the opening of the new Gloucester and Kanata stores, High Tide is about to open its 100th Canadian store in the next few days, ”added Mr. Grover.
About High Tide Inc.
High Tide is a retail focused cannabis company strengthened by the manufacture of exclusive and licensed consumer accessories. The Company is Canada’s largest recreational cannabis retailer as measured by revenue, with 99 current locations covering Ontario, Alberta, Manitoba and Saskatchewan, and featured in Report on Business magazine’s third annual ranking of from Canada Top growth companies in 2021. High Tide’s retail segment includes the Canna Cabana, 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 established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com and most recently in the hemp-derived CBD space via CBDcity.com and FABCBD.com as well as its wholesale distribution division under Valiant Distribution, including licensed entertainment product maker Famous Brandz. 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) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: 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.
For more information on High Tide Inc., please visit www.hightideinc.com, its SEDAR profile page at www.sedar.com and its EDGAR profile page at www.sec.gov.
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, that of British Columbia Alcohol Distribution Directorate, Alcohol, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission 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 government, industry, market, operational or financial objectives as 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 achievements 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.
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SOURCE Marée Haute Inc.