CALGARY, AB, Nov. 18, 2024 /PRNewswire/ – Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise constructed to ship real-world worth throughout each part of hashish, introduced as we speak that its Canna Cabana retail hashish retailer situated at 1508 Higher James Avenue, Hamilton, Ontario will start promoting leisure hashish merchandise and consumption equipment for grownup use this week. This opening will mark Excessive Tide’s 187th Canna Cabana branded retail hashish location in Canada, the 73rd within the province of Ontario and the third within the metropolis of Hamilton.
Opening in a former GameStop location, this Canna Cabana retailer may have wonderful visibility inside Higher James Sq., a serious purchasing centre in Hamilton. With few opponents within the space, this new retailer options main Canadian low cost retailers and a number of other quick-service eating places. Located in a nook unit, this retailer expands the Canna Cabana footprint within the wonderful market of Hamilton and is surrounded by a inhabitants density of over 150,000 in a 5-kilometer radius.
“I’m thrilled to announce the opening of our latest Cabana, additional increasing our attain within the Higher Toronto and Hamilton Space. With its well-established industrial sector, world-class universities, schools, and research-intensive firms, Hamilton is residence to most of the key demographics important to our success. Earlier this yr, we communicated that we’d be ramping up new natural retailer openings, with a deal with underserviced and high-potential markets in Ontario. I’m pleased to say that as of as we speak, our crew has delivered 25 new shops throughout Canada this yr, together with 19 in Ontario, exceeding our minimal goal of 20 new shops with six weeks remaining within the yr,” stated Raj Grover, Founder and Chief Govt Officer of Excessive Tide.
“Whereas Canadian brick-and-mortar gross sales stay the guts and soul of our enterprise, innovation within the e-commerce house stays a precedence. I sit up for asserting some thrilling new choices that I consider will probably be as disruptive internationally as our Cabana Membership has been in Canada,” added Mr. Grover.
ABOUT HIGH TIDE
Excessive Tide, Inc. is the main community-grown, retail-forward hashish enterprise engineered to unleash the total worth of the world’s strongest plant and is the second-largest hashish retailer globally by retailer count1. Excessive Tide (HITI) is uniquely-built across the hashish client, with wholly-diversified and fully-integrated operations throughout all parts of hashish, together with:
Bricks & Mortar Retail: Canna Cabana™ is the most important hashish retail chain in Canada, with 187 present areas spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and rising. In 2021, Canna Cabana turned the primary hashish low cost membership retailer on the earth.
Retail Innovation: Fastendr™ is a novel and totally automated know-how that employs retail kiosks to facilitate a greater shopping for expertise by means of looking, ordering and pickup.
Consumption Equipment: Excessive Tide operates a collection of main accent e-commerce platforms the world over, together with Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
Manufacturers: Excessive Tide’s industry-leading and consumer-facing model roster consists of Queen of Bud™, Cabana Hashish Co™, Each day Excessive Membership™, Vodka Glass™, Puff Puff Cross™, Dopezilla™, Atomik™, Hue™, Evolution™ and extra.
CBD: Excessive Tide continues to domesticate the probabilities of client CBD by means of Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: Excessive Tide retains that hashish class stocked with wholesale options through Valiant™.
Licensing: Excessive Tide continues to push hashish tradition ahead by means of contemporary partnerships and license agreements beneath the Well-known Brandz™ title.
Excessive Tide persistently strikes forward of the currents, having been named certainly one of Canada’s High Rising Firms by the Globe and Mail’s Report on Enterprise in 2024 for the fourth consecutive yr and was named as one of many high 10 performing diversified industries shares in each 2022 and 2024 TSX Enterprise 50. Excessive Tide was additionally ranked primary within the retail class on the Monetary Occasions listing of Americas’ Quickest Rising Firms for 2023. To find the total impression of Excessive Tide, go to www.hightideinc.com. For funding efficiency, do not miss the Excessive Tide profile pages on SEDAR+ and EDGAR.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this launch.
CONTACT INFORMATION
Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
Excessive Tide Inc.
[email protected]
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
Excessive Tide Inc.
[email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press launch might comprise “forward-looking info” and “forward-looking statements throughout the which means of relevant securities laws. The usage of any of the phrases “may”, “intend”, “anticipate”, “consider”, “will”, “projected”, “estimated” and comparable expressions and statements referring to issues that aren’t historic info are meant to establish forward-looking info and are based mostly on the Firm’s present perception or assumptions as to the end result and timing of such future occasions. The forward-looking statements herein embrace, however will not be restricted to, statements concerning: the timing of our new location starting to promote leisure hashish merchandise and consumption equipment for grownup use, the anticipated advantages of the shop location, and our dedication to opening future shops in prime energy centre areas and the growth of our low cost membership mannequin. Readers are cautioned to not place undue reliance on forward-looking info. Precise outcomes and developments might differ materially from these contemplated by these statements. Though the Firm believes that the expectations mirrored in these statements are cheap, such statements are based mostly on expectations, elements, and assumptions regarding future occasions which can show to be inaccurate and are topic to quite a few dangers and uncertainties, sure of that are past the Firm’s management, together with however not restricted to the chance elements mentioned beneath the heading “Non-Exhaustive Record of Danger Components” in Schedule A to our present annual info type, and elsewhere on this press launch, as such elements could also be additional up to date on occasion in our periodic filings, out there at www.sedarplus.ca and www.sec.gov, which elements are included herein by reference. Ahead-looking statements contained on this press launch are expressly certified by this cautionary assertion and replicate the Firm’s expectations as of the date hereof and are topic to vary thereafter. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new info, estimates or opinions, future occasions or outcomes, or in any other case, or to clarify any materials distinction between subsequent precise occasions and such forward-looking info, besides as required by relevant legislation.
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1 As reported by ATB Capital Markets based mostly on retailer counts as of February 8, 2024
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SOURCE Excessive Tide Inc.
