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High Tide Inc.

TSXV:HITILive AI agent

High Tide is a privately-held, Alberta-based, retail-focused cannabis corporation.

Investor website: https://hightideinc.com/

About

High Tide is a privately-held, Alberta-based, retail-focused cannabis corporation. It is among the most vertically-integrated companies in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Smoker’s Corner Ltd., Famous Brandz Inc., Canna Cabana Inc. and the majority of KushBar Inc. High Tide’s strategy as a parent company is to extend and strengthen its retail-focused integrated value chain, while providing a complete customer experience and maximizing shareholder value.

Verified company data

Cash position
$14,919,817
Shares outstanding
4214979
Projects
["High Tide Announces the Opening of its Fifth Canna Cabana Store\n\nJanuary 7, 2019\n\nCALGARY, Jan. 7, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI), an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has recently opened its fifth Canna Cabana retail store (the “Location”). Situated on 111th Avenue Northwest in Edmonton, Alberta, the Location was granted a business license by the City of Edmonton and has been open to the public since December 20, 2018. The Location is approved to sell smoking accessories and cannabis lifestyle products while the temporary suspension of incremental cannabis retail licensing by Alberta Gaming, Liquor and Cannabis (“AGLC”) remains in effect.\n\nAt the Location, Canna Cabana employees are engaging with customers, educating them about cannabis and smoking accessories, and otherwise interacting with stakeholders as new members of the surrounding community. “As the market leader in smoking accessories, our team continues to find ways to generate revenues and robust gross margins through the sale of accessories, despite the temporary shortage of cannabis across Canada“, said Raj Grover, President & Chief Executive Officer of High Tide. “It is also important for us to continue opening stores on this basis, to develop relationships with our customers and communicate accurately with people as the topic of legal cannabis remains important to the general public”, added Mr. Grover.\n\nHigh Tide currently has 28 other Canna Cabana stores under various stages of construction, with 33 total development permits in hand for its Canna Cabana and KushBar retail cannabis stores across Alberta. In the short term, the Company expects to receive the four remaining development permits required to achieve the AGLC’s effective maximum of 37 retail cannabis locations in the province. Outside of Alberta, the Company will be submitting its Expression of Interest Application to participate in the Alcohol and Gaming Commission of Ontario’s lottery being conducted on January 11, 2019 to award 25 opportunities for potential operators to apply for a cannabis retail store license.\n\nLastly, on January 3, 2019, Kevin Cornish, Chief Operating Officer, departed the Company for personal reasons. During his time with High Tide, Mr. Cornish was responsible for operations with a focus on establishing and growing the Canna Cabana retail cannabis business. Raj Grover, President & Chief Executive Officer, is overseeing the Company’s operations while an external search is being conducted to identify a suitable successor for the role.","High Tide Announces the Opening of its Sixth and Seventh Canna Cabana Stores\n\nJanuary 24, 2019\n\nCALGARY, Jan. 24, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI), an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has opened two additional Canna Cabana retail stores in Alberta, the first being located at 10831 100 Street in Grande Prairie and the second being located at Unit 101, 3342 Parsons Road NW in Edmonton (the “Locations”), thereby bringing its total number of Canna Cabana outlets to seven. The Locations have met all municipal business requirements and are approved to sell smoking accessories and cannabis lifestyle products while the temporary suspension of incremental cannabis retail licensing by Alberta Gaming, Liquor and Cannabis (“AGLC”) remains in effect.\n\nOpening these Locations allows Canna Cabana employees to engage with the community, educate customers about cannabis and smoking accessories, as well as accept Health Canada-approved cannabis product packaging through the Company’s free in-store recycling program. “We have been operating as a manufacturer and retailer of cannabis accessories for ten years, and, as such, temporarily operating stores without cannabis is a perfect opportunity to leverage our strengths while we wait for the cannabis supply situation to improve,” said Raj Grover, President and Chief Executive Officer of High Tide. “By proceeding in this way, we are employing local staff, reducing waste through our recycling program and building customer and stakeholder relationships by communicating the values associated with the Canna Cabana brand,” added Mr. Grover.\n\nIn addition to its seven operating Canna Cabana stores, High Tide continues to move forward with its next 26 locations that are currently under various stages of construction. In total, the Company has 33 development permits for its Canna Cabana and KushBar retail cannabis stores across Alberta and expects to receive the four remaining development permits required to achieve the AGLC’s effective maximum of 37 retail cannabis locations in the province in the short-term.","High Tide Announces the Opening of its Eighth Canna Cabana Store\n\nFebruary 14, 2019\n\nCALGARY, Feb. 14, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (Frankfurt:2LY), an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has opened its eighth Canna Cabana retail store, which is located at Unit #116, 5305 Magasin Avenue in the city of Beaumont, Alberta (the “Beaumont Store”). Having met all municipal business requirements, the Beaumont Store is approved to sell smoking accessories and cannabis lifestyle products while the temporary suspension of incremental cannabis retail licensing by Alberta Gaming, Liquor and Cannabis (“AGLC”) remains in effect.\n\nThe opening of the Beaumont Store reaffirms High Tide’s ability to rapidly execute on its broad set of growth plans. “As the fifth fastest growing community in Canada, it was important for High Tide to establish a retail location in Beaumont. We will strive to quickly become a part of this Leduc County community and integrate the outlet into the local economy for the long term,” said Raj Grover, President and Chief Executive Officer of High Tide. “Our Canna Cabana employees can now begin to educate customers about cannabis and smoking accessories, accept Health Canada-approved cannabis product packaging through the free in-store recycling program and engage with this important community adjacent to southern Edmonton,” added Mr. Grover. Beaumont began as a French Colony in 1895 and has grown to become a dynamic city situated a short distance east of the Edmonton International Airport.\n\nHigh Tide continues to advance its next 25 Canna Cabana locations, which are under various stages of construction. In total, the Company has 33 development permits for its Canna Cabana and KushBar retail cannabis stores across Alberta and expects to receive the four remaining development permits required to achieve the AGLC’s effective maximum of 37 retail cannabis locations in the province in the short-term. High Tide also recently announced that it has been selected to assist two winners of the Expression of Interest Lottery to apply for one of 25 cannabis-related Retail Operator Licences in Ontario, while maintaining approximately 20 conditional leases for future retail locations across that province. The Company is targeting having recreational cannabis stores in every province that permits privately-owned outlets, as further demonstrated by the recent signing of separate letters of intent to acquire two locations in Saskatchewan.","High Tide Announces the Opening of 11th Canna Cabana Store\n\nMarch 28, 2019\n\nCALGARY, March 28, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (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 has been licensed to open its 11th Canna Cabana retail store, which is located at 100 Stockton Avenue in Okotoks, Alberta (the “Okotoks Store”). Having met all municipal business requirements, the Okotoks Store is approved to sell smoking accessories and cannabis lifestyle products while the temporary suspension of incremental cannabis retail licensing (the “Moratorium”) by Alberta Gaming, Liquor and Cannabis (the “AGLC”) remains in effect.\n\nFittingly, the town of Okotoks is Alberta’s 11th-most populous place with approximately 30,000 current residents. “The opening of the Okotoks Store marks yet another milestone in our goal of establishing Canna Cabana as the retailer of choice for cannabis consumers in Canada,” said Raj Grover, President and Chief Executive Officer of High Tide. “Okotoks is a young, vibrant and growing community, and I can’t think of a better fit for the Canna Cabana experience,” added Mr. Grover. Store employees will now be able to have conversations with those in the community who are curious about cannabis, assist customers with their smoking accessory needs and introduce them to the sophisticated, approachable and playful Canna Cabana brand.\n\nThe Company currently has 36 of the 37 effective maximum number of development permits established by the AGLC for retail cannabis stores across Alberta and expects to receive the one remaining development permit in the near future. High Tide continues to advance its next 25 Canna Cabana locations, which are under various stages of development and construction. The Company is also progressing through the necessary steps to complete two pending retail acquisitions in Saskatchewan and assisting with the opening and operation of three cannabis retail locations in Ontario located in the cities of Sudbury, Hamilton and Toronto.\n\nAdditionally, the Company has entered into a debt settlement agreement with an arm’s-length service provider, pursuant to which High Tide intends to settle an amount of up to $400,000 owed through the issuance of up to 800,000 common shares of the Company at a deemed price of $0.50 per common share. High Tide anticipates that the settlement will close on or about April 2, 2019. Lastly, on March 24, 2019, the Company accepted the resignation of Mr. Paul Rosen from its Board of Directors. High Tide would like to thank Mr. Rosen for his guidance to date and looks forward to his ongoing support as a shareholder. The Company wishes Mr. Rosen well in his future endeavours."]
Leadership
Raj Grover (President and CEO, Experienced leader in the cannabis industry with a focus on retail and corporate strategy.)

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