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High Tide Inc. (HITIF)

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Last Post: 4/3/2020 11:21:06 AM - Followers: 13 - Board type: Free - Posts Today: 0



HIGH TIDE     RIDE THE WAVE  
 
High Tide Establishes Nevada Warehouse to Increase Focus on US Smoking Accessories and CBD Market
The Nevada Warehouse is a major strategic initiative for High Tide as it facilitates the expansion of its wholesale segment, including over 4,300 SKUs in the RGR Canada and Famous Brandz product catalogues.
The Nevada Warehouse is a major strategic initiative for High Tide as it facilitates the expansion of its wholesale segment, including over 4,300 SKUs in the RGR Canada and Famous Brandz product catalogues.
CALGARY, July 23, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it recently signed a 5-year lease, with an option to extend the term, for a warehouse approximately 25,000 square feet in size at Unit #145, 6255 North Hollywood Boulevard in Las Vegas, Nevada (the “Nevada Warehouse”) and has begun to develop it as the Company’s primary storage and distribution hub in the United States (the “US”). The Nevada Warehouse is a major strategic initiative for High Tide as it facilitates the expansion of its wholesale segment, including over 4,300 SKUs in the RGR Canada and Famous Brandz product catalogues, while providing a location from which to ship orders placed by the thousands of US customers who shop on the Grasscity e-commerce website and enabling the Company to pursue the sale of hemp-derived cannabidiol (“CBD”) products in the US and other international markets.
The Nevada Warehouse will be used to optimize the Company’s global operations and will offer a cash-and-carry service for local customers while also housing a local sales team to target the large US market with a product showroom on site. “The growth of RGR Canada’s proprietary array of smoking accessories, the attractiveness of Famous Brandz’s licensed products, the acquisition of Grasscity in 2018 and the explosive growth of the CBD products market all provide a clear opportunity to add significant value to our company,” said Raj Grover, President and Chief Executive Officer of High Tide. “Establishing a warehouse to store and distribute smoking accessories, cannabis lifestyle items and CBD products in Nevada is a natural next step for High Tide since the Las Vegas area is also home to the highest number of smoke shops per capita in North America,” added Mr. Grover. High Tide expects to take delivery of inventory at the Nevada Warehouse in the next 60 days, with operations and sales efforts beginning shortly thereafter.
About High Tide Inc.
High Tide is an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. 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), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9).
Representing the core of High Tide’s business, RGR Canada Inc. is a high-quality and innovative designer, manufacturer and distributor of cannabis accessories. Famous Brandz Inc. is a dominant manufacturer of licensed lifestyle accessories, through partnerships with celebrities and entertainment companies including Snoop Dogg and Paramount Pictures. Famous Brandz’ products are sold to wholesalers and retailers around the world. Founded in 2009 and approved by the Canadian Franchise Association, Smoker’s Corner Ltd. is among Canada’s largest counter-culture chains with 14 locations. Kush West Distribution is in the process of becoming a cannabis wholesaler in the province of Saskatchewan. Based in Amsterdam since 2000, Grasscity.com is the world’s preeminent and most searchable online retailer of smoking accessories and cannabis lifestyle products with approximately 5.8 million site visits annually. With the deregulation of recreational cannabis for adult use across Canada, Canna Cabana Inc. and its 21 branded stores (including accessories-only locations), is in the process of becoming a sizeable retail brand with a sophisticated yet playful customer experience, while KushBar Inc. is a retail concept that will also be focused on the valued Canadian cannabis consumer.
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#141   So that would be 13.65 million Canadian Dollars Alwaysbmikki 04/01/20 11:48:19 PM
#140   does say they did 30k.... ? or million MADDSTACKER 04/01/20 09:42:38 PM
#139   Well I like but I guess market does Alwaysbmikki 03/31/20 10:30:29 AM
#138   How Does It Look?? JohnCM 03/31/20 09:55:43 AM
#137   High Tide Reports 2019 Financial Results Featuring a Alwaysbmikki 03/02/20 11:28:57 AM
#136   Whole sector is cold right now, maybe the Alwaysbmikki 02/21/20 01:41:44 PM
#135   I could make a politically incorrect joke about FUNMAN 02/21/20 01:17:33 PM
#134   Thank you Funman, looks to me they got Alwaysbmikki 02/21/20 09:01:14 AM
#133   High Tide Acquires Retail Cannabis Store in Saskatchewan FUNMAN 02/21/20 07:54:50 AM
#132   High Tide Announces Agreement to Sell KushBar Assets Alwaysbmikki 02/14/20 06:57:23 PM
#131   Got a spanking: High Tide Provides Update on FUNMAN 02/03/20 06:21:46 PM
#130   I thought this could happen up but the ThenameisnotBond 01/30/20 02:31:40 PM
#129   Bought a position yesterday. Even steven today. ThenameisnotBond 01/29/20 07:40:14 PM
#128   not many but there's a few... greenwillow 01/27/20 11:48:36 AM
#127   Anybody green besides HT? JohnCM 01/27/20 11:30:18 AM
#126   Some points 'Alwaysbmikki': This could be big, especially FUNMAN 01/27/20 10:31:16 AM
#125   High Tide Acquires Top Performing Canna Cabana Retail Alwaysbmikki 01/27/20 09:26:25 AM
#124   Buy the shop, not the pot: Cannabis retail FUNMAN 01/22/20 08:42:00 AM
#123   Indeed. GL greenwillow 01/11/20 11:03:49 AM
#122   Nice run! eom Alwaysbmikki 01/10/20 02:31:03 PM
#121   I love the KushBar deal!!! eom Alwaysbmikki 12/10/19 12:12:27 PM
#120   Look at her run! eom Alwaysbmikki 11/21/19 12:44:34 PM
#119   SALUTE https://www.youtube.com/watch?v=w_Zi1wRwlso Alwaysbmikki 11/11/19 12:17:24 PM
#118   Todays volume right? eom Alwaysbmikki 10/23/19 07:35:56 PM
#117   High Tide Exceeds $797,000 in Systemwide Retail Cannabis Alwaysbmikki 10/21/19 01:28:23 PM
#116   https://www.youtube.com/watch?v=wRGwQIQkKUU Alwaysbmikki 10/16/19 01:58:21 PM
#115   Third Quarter 2019 Featuring a 281% Increase in Revenue Lambo_Monay 10/04/19 06:50:03 AM
#114   Third Quarter 2019 281% Increase in Revenue Lambo_Monay 10/04/19 06:49:46 AM
#113   Now just keep doing this!!! eom Alwaysbmikki 10/03/19 06:37:50 PM
#112   High Tide Reports Financial Results for Third Quarter Alwaysbmikki 09/30/19 04:57:14 PM
#111   11% hair cut damn! eom Alwaysbmikki 09/27/19 06:50:52 PM
#110   Sorry to hear that.....but it can so easily nowwhat2 09/03/19 12:43:43 PM
#109   Well never mind I guess I’m a super Chap80 08/29/19 03:38:10 PM
#108   You can always buy a stock period. Alwaysbmikki 08/29/19 01:58:55 PM
#107   I’ll admit it as soon as I had Chap80 08/29/19 01:32:08 PM
#106   What a manipulated POS! Lol Chap80 08/29/19 01:15:25 PM
#105   Sure but do it quietly or you might Nosnibor 08/28/19 04:50:04 PM
#104   No I like the Company I’m just not Chap80 08/28/19 04:40:42 PM
#103   Good riddance and don't rush back. Never understand Nosnibor 08/28/19 03:34:58 PM
#102   I’ll buy back when he gets back to $.19 Chap80 08/28/19 01:52:54 PM
#101   Thank God I got out yesterday this thing Chap80 08/28/19 01:52:16 PM
#100   Everything I touch makes new lows... Chap80 08/26/19 04:55:15 PM
#99   Crazy, just have to wait for earnings I Alwaysbmikki 08/26/19 04:18:33 PM
#98   Big names green....Market green! This thing should be Chap80 08/26/19 03:48:24 PM
#97   We are having good volume after all... all Chap80 08/26/19 02:50:37 PM
#96   Very low volume for a while..? Hopefully picks Chap80 08/26/19 11:59:07 AM
#95   In High Tide's case, tis merely the season Nosnibor 08/21/19 04:24:51 PM
#94   Damn we have finished red everyday this week!!! Chap80 08/21/19 03:59:54 PM
#93   Looks like .28 support and .30 ceiling... which Chap80 08/20/19 07:18:22 AM
#92   So we about to go up or stay flat? Chap80 08/19/19 06:25:13 PM
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