High Tide Inc (HITI)

[JohnCM]

High Tide Announces Opening of Guelph Retail Cannabis Store

BY Canada NewsWire
CALGARY, AB, Dec. 3, 2020

("High Tide" or the "Company") (TSXV:HITI) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that the Meta Cannabis Co. retail store located at 3 Woodlawn Road West in Guelph, Ontario (the "Guelph Store") recently received its Retail Store Authorization from the Alcohol and Gaming Commission of Ontario ("AGCO"). The Guelph Store will conduct a soft opening on Thursday, December 3, 2020, with grand opening activities beginning on Friday, December 4 and occurring until Sunday, December 13, 2020.

This marks the Company's 13th branded location in Ontario and 67th retail cannabis store across Canada. "The Guelph Store expands our retail footprint into an exciting new market for High Tide and reinforces our strong position as a leading retailer in Canada's most populous province," said Raj Grover, President & Chief Executive Officer of High Tide. "With 11 locations in the AGCO's queue, and more to come, customers in Ontario can look forward to a steady pipeline of new stores over the next year as we build towards the 30 store provincial maximum by September 2021." added Mr. Grover. The city of Guelph is a growing community of over 130,000 people situated in the heart of southern Ontario, and is home to the prominent University of Guelph campus.

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 lifestyle 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. and Aurora Cannabis Inc. .

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 release.