High Tide Continues Growth with New Calgary Cannabis Store

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CALGARY, AB, Aug. 9, 2021 /PRNewswire/ – High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that the Canna Cabana retail store located at 920 36th Street NE in Calgary, Alberta, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 91st branded retail location across Canada selling recreational cannabis products and consumption accessories. The new store is located within a major commercial plaza and is situated across the street from the popular Pacific Place mall and  several leading national big box retail chains.

"I am proud that in spite of pandemic related challenges, and because of our team's hard work, we have been able to continue our rapid pace of growth bringing our total store count across Canada to over ninety," said Raj Grover, President and Chief Executive Officer of High Tide.  "Our nationally familiar brand, and strengthened network, enables us to offer our unique one stop shopping experience to customers across the country in markets of all sizes.  We look forward to crossing the hundred store milestone in the near future," added Mr. Grover.

About High Tide Inc.

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBITDA1, with 91 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan.  High Tide's retail segment features the Canna Cabana, 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 established ecommerce platforms including Grasscity.com, Smokecartel.com and Dailyhighclub.com, and more recently in the hemp-derived CBD space through CBDcity.com and FABCBD.com as well as 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 Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).

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.

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