High Tide Opens New Canna Cabana Location in Regina, Giving Time to Release Financial Results and Webcast for Fourth Quarter and Fiscal Year 2021
CALGARY, Alberta, Jan. 14, 2022 – (BUSINESS WIRE) – High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retailer -Focused cannabis company with brick-and-mortar and global e-commerce assets, today announced that its retail cannabis store, Canna Cabana, located at 155 Albert Street North in Regina, Saskatchewan, has started selling adult recreational cannabis products. This opening represents High Tide’s 107th branded retail location in Canada and the seventh in Saskatchewan to sell recreational cannabis products and consumer accessories. Building on the previous successful openings of two other locations, this store will be the third Canna Cabana to open in Regina, Saskatchewan’s capital and second largest city. The new Canna Cabana store is located on Albert Street, a major north-south thoroughfare and commercial corridor in Regina. It’s also one block south of Northgate Mall and is easily accessible from several nearby shared apartments.
“The Saskatchewan government has made the province one of the most attractive to private cannabis retailers, and because of its business-friendly nature, we will continue to invest in the province,” said Raj Grover, President and Chief Executive Officer of Flut. “Despite some delays in the pandemic-related building permit process, I look forward to announcing two more Regina store openings in the coming weeks. Taken together, this growth will make Canna Cabana one of the largest cannabis retailers in town and make this possible. ” us to bring our innovative discount club concept closer to many other Reginans. Our revamped Cabana Club loyalty program has been well received by our customers and I am very encouraged with the results I have seen so far. I look forward to sharing more information on the progress as well as our fourth quarter 2021 results on January 27th, “added Mr. Grover.
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PUBLICATION OF FOURTH QUARTER 2021 RESULTS AND WEBCAST
The company also announced today that it will publish its financial and operating results for the quarter and fiscal year ended October 31, 2021 after the financial markets closed on Thursday, January 27, 2022. High Tide’s financial and operating results for the fourth quarter and fiscal year 2021 will be available on SEDAR and on the company’s website at www.hightideinc.com/invest.
Following the release of the fourth quarter financial and operating results, High Tide will be airing on Thursday, February 27, 2022. The webcast and conference call will post High Tide’s fourth quarter and fiscal 2021 financial and operating results and plans for the Company for 2022.
Webcast Link for High Tide Earnings Event:
Attendees can pre-register for the webcast prior to the start of the live webcast by clicking the link above. Three hours after the live webcast, a replay of the webcast will be available at the same link above.
Attendees will be able to access audio from the High Tide Prize Draw using either the new webcast format or the conference call below. However, any attendee wishing to ask a question will need to access the event via conference call as the webcast does not support live questions.
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ABOUT HIGH TIDE
High Tide is a leading retail-focused cannabis company with brick-and-mortar and global e-commerce assets. The company is the largest Canadian retailer of recreational cannabis in terms of sales with currently 107 locations in Ontario, Alberta, Manitoba and Saskatchewan and was featured in Business Magazine’s third annual report, Ranking of Canada’s Top Growth Companies in 2021. The company is also North America’s first and only discount cannabis store with the banners of Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co., with additional locations under development across the country. High Tide has been serving consumers for over a decade through its established e-commerce platforms like Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com, and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD .com, BlessedCBD.co.uk and CBDcity.com and its wholesale distribution division under Valiant Distribution, including licensed entertainment product manufacturer Famous Brandz. High Tide’s strategy as the parent company is to expand and strengthen its integrated value chain while delivering a complete customer experience and maximizing shareholder value.
Neither the TSXV 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 press release.
For more information about High Tide Inc. please visit www.hightideinc.com, their profile page on SEDAR at www.sedar.com, and their profile page on EDGAR at www.sec.gov.
CAUTION ON FORWARD-LOOKING STATEMENTS
Certain statements in this press release contain forward-looking information or forward-looking statements. These information and statements, which are referred to herein as “forward-looking statements” are made as of the date of this press release or the effective date of the information described in this press release. 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 predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance or contains discussions (in general, forward-looking statements may be attached to words such as “outlook”, “expects”, “intends”, “Forecasts”, “anticipate”, “plans”, “projects”, “estimates”, “intend,” assumed “,” needs “,” strategy “,” goals “,” goals “or variations thereof or the indication that certain acts, events or results “may”, “may”, “could”, “would”, “might”, “could”, occur or be achieved, or the negative of any of these terms or similar expressions and other similar terminology) are not statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may prove incorrect, including, but not limited to, High Tide’s ability to execute its business plan and that High Tide has obtained one or more licenses from Alberta Gaming, Liquor & Cannabis, British Columbia’s Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario, or the Saskatchewan Liquor and Gaming Authority, which allows it to continue its Canna Cabana Inc. business. High Tide believes these assumptions are reasonable under the circumstances. However, there can be no assurance that any one or more of the government, industry, market, operational, or financial objectives set forth herein will be achieved. The forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or accomplishments or industry results to differ materially from those expressed or implied in such forward-looking statements.
The forward-looking statements contained herein 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 inaccuracies or omissions in forward-looking statements, nor does High Tide intend or undertake any obligation to update or revise any statements that reflect new events or circumstances reflect. All forward-looking statements contained in this press release are expressly limited by this cautionary notice and, unless otherwise stated, apply as of the date of this press release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities have not been and will not be under the United States Securities Act of 1933 (the “1933 Act”) or any other state And may not be registered in the United States or to any US person (as in the 1933 Act) unless it is registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.
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