High Tide Opens New Canna Cabana Retail Cannabis Stores in Fort Erie and Innisfil, Ontario

CALGARY, AB – High Tide Inc. (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, announced today that its Canna Cabana retail cannabis stores located at 450 Garrison Road in Fort Erie, Ontario, and 1491 Innisfil Beach Road in Innisfil, Ontario, have begun selling recreational cannabis products for adult use. These openings bring High Tide’s total number of branded retail locations across Canada to 97, and 26 in Ontario, selling recreational cannabis products and consumption accessories. The new Canna Cabana store in Fort Erie is located at a prime position on Garrison Road, Fort Erie’s main commercial corridor, adjacent to a major grocery retailer and close to several national big-box chains, while the new store in Innisfil is well-positioned along one of the community’s main roads, alongside a major provincial liquor store chain and other national retailers.

“With the opening of the new Fort Erie and Innisfil locations we continue to broaden our Ontario footprint into strategic regional markets, with several additional openings slated to take us to thirty stores in Canada’s largest province over the coming days,” said Raj Grover, President and Chief Executive Officer of High Tide. “I am also delighted that the new locations will bring our signature one stop cannabis shop concept to customers in Fort Erie and Innisfil for the first time. Fort Erie fits well into our organic growth strategy as it is one of Niagara Region’s rapidly growing communities, and serves as a gateway for many American tourists crossing the Peace Bridge, while the new Innisfil location will benefit from its proximity to some of Ontario’s fastest growing residential neighbourhoods,” added Mr. Grover.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as “forward-looking statements” are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “projects”, “estimates”, “envisages, “assumes”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or stating that certain actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.

Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of High Tide to execute on its business plan and that High Tide will receive one or multiple licenses from Alberta Gaming, Liquor & Cannabis, British Columbia’s Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana Inc. and KushBar Inc. businesses. High Tide considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking statements contained herein are current as of the date of this news release. Except as required by law, High Tide does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.

(This information is primarily sourced from High Tide Inc..  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).