Harborside

HITI

High Tide Inc

High Tide Announces Its Cabana Club Loyalty Program has Surpassed 515,000 Members and Adds Two Stores to Its Network

High Tide Announces Its Cabana Club Loyalty Program has Surpassed 515,000 Members and Adds Two Stores to Its Network

The Company also announced that its Canna Cabana retail cannabis store located at 1375 Weber Street East in Kitchener, Ontario, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 121st branded retail location across Canada, and 39th in Ontario, selling recreational cannabis products and con... Read More...
High Tide Announces Appointment of New Chief Technology Officer and Provides Timing for Release of Second Quarter 2022 Financial Results and Webcast

High Tide Announces Appointment of New Chief Technology Officer and Provides Timing for Release of Second Quarter 2022 Financial Results and Webcast

"It gives me great pleasure to announce the addition of Greg Fleury to High Tide's executive team. Greg is an avid technological innovator with many years of experience and a track record of success. I plan on working closely with him over the coming months to take the digital and e-commerce components of High Tide's integrated cannabis ... Read More...
High Tide Closes Acquisition of Crossroads Cannabis, Adding Three Established Retail Cannabis Stores in Ontario

High Tide Closes Acquisition of Crossroads Cannabis, Adding Three Established Retail Cannabis Stores in Ontario

The Company intends to complete the acquisition of the fourth Crossroads store in Woodstock, Ontario, per its press release dated March 3, 2022, pending regulatory approvals. Once completed, the total purchase price for all four stores in the transaction will represent 3.5x annualized Adjusted EBITDA for the three months ended December 3... Read More...
High Tide Reports Approximately $1.37 Million in Retail Sales on 4/20 and Releases Updated Cabana Club Membership Numbers

High Tide Reports Approximately $1.37 Million in Retail Sales on 4/20 and Releases Updated Cabana Club Membership Numbers

4/20 PRIZE PACKAGE WINNER As a celebration of the growth in the Company's Cabana Club loyalty program and in commemoration of 4/20, High Tide selected the winner of this exclusive prize package through a random draw on April 20, 2022 at 4:20 PM Mountain Time. The prize package consists of a hybrid car valued at approximately $42,000, ... Read More...
High Tide Closes Acquisition of Boreal Cannabis, Adding Two Established Retail Cannabis Stores in Northern Alberta

High Tide Closes Acquisition of Boreal Cannabis, Adding Two Established Retail Cannabis Stores in Northern Alberta

The Acquisition was completed pursuant to the terms of a share purchase agreement, dated March 31, 2022 ("Acquisition Agreement"). High Tide acquired 100% of Boreal for (i) 443,301 common shares of High Tide (each a "High Tide Share") valued at CAD$2.4 Million (the "Share Consideration"), on the basis of a deemed price of CAD$5.4312 per H... Read More...
High Tide to Open Two New Canna Cabana Retail Cannabis Stores to Mark 4/20 Holiday

High Tide to Open Two New Canna Cabana Retail Cannabis Stores to Mark 4/20 Holiday

As a celebration of the Cabana Club having surpassed 420,000 members, High Tide will be awarding an exclusive prize package to a randomly-selected member of the Cabana Club on April 20, 2022 at 4:20 PM Mountain Time.1 The prize package will consist of a car valued at approximately $42,000, or a cash equivalent, as well as an all-expenses ... Read More...
High Tide Executes Letter of Intent for $30 Million Non-Dilutive Credit Facilities with ConnectFirst Credit Union

High Tide Executes Letter of Intent for $30 Million Non-Dilutive Credit Facilities with ConnectFirst Credit Union

"While in the past it has not been our practice to announce letters of intent, we want to share this very important development with the market, which has been in the works for quite some time. I am very pleased to announce that we have entered into a letter of intent and have begun due diligence for the $30 million Proposed Credit Facil... Read More...
High Tide to Acquire Boreal Cannabis Company, Adding Two Established Retail Cannabis Stores in Northern Alberta

High Tide to Acquire Boreal Cannabis Company, Adding Two Established Retail Cannabis Stores in Northern Alberta

"Boreal was one of the earliest players in the northeastern Alberta cannabis market, having opened the first store in the community of Slave Lake. This announcement is yet another example of how we continue to strategically advance our retail store footprint across Canada through organic growth and accretive acquisitions with a focus on ... Read More...
High Tide Subsidiary Blessed CBD Included in UK Food Standards Agency's Public List of Cannabinoid Products Permitted for Sale

High Tide Subsidiary Blessed CBD Included in UK Food Standards Agency’s Public List of Cannabinoid Products Permitted for Sale

According to the Association for the Cannabinoid Industry (ACI), "the UK is now the second largest market for consumer CBD, behind only the US," with total sales of £690 million in 2021,"  representing  a doubling since 2019.1 "This compliance milestone solidifies Blessed's position as a leader within the regulated UK CBD market, and co... Read More...
High Tide to Acquire Bud Heaven, Adding Two Established Retail Cannabis Stores in Ontario

High Tide to Acquire Bud Heaven, Adding Two Established Retail Cannabis Stores in Ontario

"With this announcement, we are continuing to consolidate the Ontario cannabis retail space at accretive multiples for our shareholders. By acquiring Bud Heaven, Canna Cabana will become a meaningful player in Ontario's cottage country, a region where we have not had a presence previously," said Raj Grover, President and Chief Executive ... Read More...
Canada's Largest Cannabis Retailer, High Tide, Welcomes Decision to Permit White Label Products in Ontario

Canada’s Largest Cannabis Retailer, High Tide, Welcomes Decision to Permit White Label Products in Ontario

"The AGCO has shown that it is willing to listen to the concerns of stakeholders. Today's revisions to the Registrar's Standards will mean that when it comes to white label products and store brands, Ontario's cannabis retailers will be treated on par with other retail sectors, both regulated and unregulated. The new Standard will also f... Read More...
High Tide Reports Q1 2022 Financial Results Featuring Record Revenue of $72 Million, Increasing 34% Sequentially, and Adjusted EBITDA of $3 Million, Representing an 80% Sequential Increase

High Tide Reports Q1 2022 Financial Results Featuring Record Revenue of $72 Million, Increasing 34% Sequentially, and Adjusted EBITDA of $3 Million, Representing an 80% Sequential Increase

Fiscal First Quarter 2022 – Financial Highlights: Revenue increased to $72.2 million in the first quarter of 2022 compared to $38.3 million in the same quarter last year. Sequentially, revenue increased by 34% compared to the fourth quarter of 2021. Gross profit increased by 56% to $23.0 million in the first quarter of 2022 compared t... Read More...
High Tide Launches Cannabis Delivery on Demand at Select Canna Cabana Locations in Alberta

High Tide Launches Cannabis Delivery on Demand at Select Canna Cabana Locations in Alberta

"In allowing private sector-led cannabis e-commerce and home delivery, Alberta has shown its commitment to helping regulated cannabis retailers effectively compete against and drive out illicit market operators. By launching Delivery on Demand at Canna Cabana locations in Alberta, we can now offer our Cabana Club members in the province ... Read More...
High Tide Subsidiary FAB CBD Launches Subscribe-and-Save Discount Program in the U.S. Market

High Tide Subsidiary FAB CBD Launches Subscribe-and-Save Discount Program in the U.S. Market

CALGARY, Alberta--(BUSINESS WIRE)--High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its subsidiary, FAB CBD, has launched a CBD Subscribe-and-Save discount program in the United S... Read More...
High Tide Opens new Canna Cabana Store on Edmonton's Whyte Avenue, and Provides Timing for Release of First Quarter 2022 Financial Results and Webcast

High Tide Opens new Canna Cabana Store on Edmonton’s Whyte Avenue, and Provides Timing for Release of First Quarter 2022 Financial Results and Webcast

"I am pleased to be announcing that we are bringing our innovative discount club model to even more Edmontonians today. Edmonton has amongst the youngest and highest-earning demographic profiles of major cities in Canada, and the stores that we have previously opened here have been very well-received," said Raj Grover, President and Chie... Read More...
High Tide to Acquire Crossroads Cannabis, Adding Four Established Cannabis Retail Stores in Ontario

High Tide to Acquire Crossroads Cannabis, Adding Four Established Cannabis Retail Stores in Ontario

CALGARY, Alberta--(BUSINESS WIRE)--High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it is taking yet another step to expand its bricks-and-mortar retail cannabis operations... Read More...
High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50™ for 2022

High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50™ for 2022

CALGARY, AB, Feb. 24, 2022 - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to report it has ranked in the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™, whi... Read More...
High Tide Celebrates 420,000 Cabana Club Members with Exclusive Prize Giveaway on 4/20

High Tide Celebrates 420,000 Cabana Club Members with Exclusive Prize Giveaway on 4/20

"I am very excited to be able to make this announcement today. As showcased by our impressive growth over the last four months, Canadians have responded incredibly positively to our discount club model, with over 175,000 members having signed up since the model's launch, and the Cabana Club having recently surpassed the 420,000 member mi... Read More...
High Tide Closes Acquisition of Bud Room, Securing Ownership of Fastendr™ Retail Kiosk and Smart Locker Technology

High Tide Closes Acquisition of Bud Room, Securing Ownership of Fastendr™ Retail Kiosk and Smart Locker Technology

Fastendr™ is a unique and fully automated technology that integrates retail kiosks and smart lockers to facilitate a better buying experience through browsing, ordering and pickup. The technology is a catalyst to faster transaction times, increased average basket size, lower overhead and labor costs, and provides a seamless end-to-end cu... Read More...
High Tide Announces Filing of its 2021 Audited Annual Financial Statements, Confirming the 118% Increase in Revenue and Adjusted EBITDA of $12.5 Million

High Tide Announces Filing of its 2021 Audited Annual Financial Statements, Confirming the 118% Increase in Revenue and Adjusted EBITDA of $12.5 Million

CALGARY, AB, Feb. 2, 2022 - High Tide Inc. ("High Tide" or the "Company") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, announces that it has completed the process of filing its audited annual financial statements and management discussion &am... Read More...
High Tide Announces a Temporary Delay in the Filing of its Annual Financial Statements

High Tide Announces a Temporary Delay in the Filing of its Annual Financial Statements

CALGARY, AB, Feb. 1, 2022 - High Tide Inc. ("High Tide" or the "Company") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, announces that it has missed the deadline of January 31, 2022 to file the Company's audited annual financial statements and... Read More...
High Tide Announces Unaudited 2021 Financial Results Featuring a 118% Increase in Revenue and Record Adjusted EBITDA of $12.4 Million

High Tide Announces Unaudited 2021 Financial Results Featuring a 118% Increase in Revenue and Record Adjusted EBITDA of $12.4 Million

The Company will host a webcast and conference call to discuss their unaudited results and outlook at 6:00 PM Eastern Time today, Thursday, January 27, 2022. 2021 Fiscal Year – Financial Highlights1: Revenue increased by 118% to $181.1 million for the year ended October 31, 2021, and increased sequentially by 12% to $53.9 million in th... Read More...
High Tide Opens New Canna Cabana Location in Regina, and Provides Timing for Release of Fourth Quarter and Fiscal Year 2021 Financial Results and Webcast

High Tide Opens New Canna Cabana Location in Regina, and Provides Timing for Release of Fourth Quarter and Fiscal Year 2021 Financial Results and Webcast

"The Government of Saskatchewan has made the province one of the most attractive for private-sector cannabis retailers, and as a result of their business friendly orientation we will continue to invest in the province," said Raj Grover, President and Chief Executive Officer of High Tide. "Despite some delays with the building permit appr... Read More...
High Tide Expands Retail Presence in Hamilton, Ontario, and Provides Update on Cabana Club Membership

High Tide Expands Retail Presence in Hamilton, Ontario, and Provides Update on Cabana Club Membership

The Company is also providing an update on the growth of its Cabana Club loyalty program, which has expanded from approximately 245,000 members at the time of the launch of High Tide's innovative discount club concept on October 20, 2021, to 359,484 members today. This represents a growth rate of nearly 47% in under three months' time. ... Read More...
High Tide to Acquire Fastendr™ Retail Kiosk and Smart Locker Technology Through Acquisition of Bud Room Inc.

High Tide to Acquire Fastendr™ Retail Kiosk and Smart Locker Technology Through Acquisition of Bud Room Inc.

____________________ 1 Adjusted EBITDA is a non-IFRS financial measure. CALGARY, AB, Jan. 5, 2022 - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it is ... Read More...
High Tide Recaps Milestones of 2021

High Tide Recaps Milestones of 2021

CALGARY, Alberta--(BUSINESS WIRE)--High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to reflect on its key milestones of 2021 and their strategic significance for the Company moving forward.... Read More...
High Tide Announces At-The-Market Facility of up to CAD$40,000,000 for Strategic Initiatives

High Tide Announces At-The-Market Facility of up to CAD$40,000,000 for Strategic Initiatives

The Company will determine, at its sole discretion, the date, minimum price and maximum number of Common Shares to be sold under the ATM Program. The Common Shares will be distributed at the market prices prevailing at the time of each sale, at prices relating to such prevailing market prices, and/or in any other manner permitted by appl... Read More...
High Tide Continues Expansion into Global CBD Market With Acquisition of Colorado Based NuLeaf Naturals

High Tide Continues Expansion into Global CBD Market With Acquisition of Colorado Based NuLeaf Naturals

Founded in 2014 with its headquarters in Denver, Colorado, NuLeaf is a market leader in the production and distribution of premium cannabidiol (CBD) wellness products. It has received over 25,000 verified 5 star customer reviews through its e-commerce platform. NuLeaf can produce 60,000 plant-based softgels per hour and is one of only a ... Read More...
High Tide Opens 58th Retail Cannabis Store in Alberta, Becoming the Largest Cannabis Retailer in the Province

High Tide Opens 58th Retail Cannabis Store in Alberta, Becoming the Largest Cannabis Retailer in the Province

"I am pleased that with this new location in East Hills, even more customers in east Calgary and Chestermere will be able to easily access our innovative discount club concept," said Raj Grover, President and Chief Executive Officer of High Tide. "Canna Cabana was one of the first players to enter the retail cannabis market in Alberta in... Read More...
Largest Alberta-Based Cannabis Retailer Welcomes Legislation to Shift Cannabis E-Commerce to Private Sector

Largest Alberta-Based Cannabis Retailer Welcomes Legislation to Shift Cannabis E-Commerce to Private Sector

"Alberta has once again shown that it is a province that believes in the free market. Today's proposed legislation will, if passed, provide a shot in the arm to private sector cannabis retailers who, for too long, have had to compete with a government owned entity in the e-commerce space that also serves as their sole wholesale supplier,... Read More...
High Tide Becomes North America's First Cannabis Discount Club Retailer With Over 245,000 Members

High Tide Becomes North America’s First Cannabis Discount Club Retailer With Over 245,000 Members

Starting today, all of High Tide's retail cannabis stores will begin to offer steep club discounts on cannabis products in addition to existing member-only discounts on consumption accessories, as well as other exclusive benefits for members of the Cabana Club, which will remain free to join over the short-term. Members will also be give... Read More...