High Tide Unveils New and Improved Website
Calgary, AB, January 10, 2021 − High Tide Inc. (“High Tide” or the “Company“) (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, today announced the launch of a revamped website at https://hightideinc.com/. The Company’s website was overhauled, primarily aimed at making its online presence more inviting for current and potential investors and to better reflect where the Company is today. News, articles and videos regarding the Company can now all be found on the new platform in a more intuitive user-friendly interface.
The Company would also like to take the opportunity to clarify the following figures that were included on a live beta version of the website without the appropriate footnotes:
- $148M in revenue
- Gross margin of 38%
- $5.3M Positive adjusted EBITDA
- 67 total cannabis retail store count.
ABOUT HIGH TIDE
High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 67 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses including e-commerce platforms Grasscity.com and CBDcity.com, and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB).
Neither the TSX Venture Exchange (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 release.
High Tide Inc.
Vice President, Capital Markets
Tel. 1 (403) 770-9435; extension 116