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 element of hashish, introduced at this time 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 glorious visibility inside Higher James Sq., a significant procuring centre in Hamilton. With few opponents within the space, this new retailer options main Canadian low cost retailers and several other quick-service eating places. Located in a nook unit, this retailer expands the Canna Cabana footprint within the glorious 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 Better Toronto and Hamilton Space. With its well-established industrial sector, world-class universities, schools, and research-intensive corporations, Hamilton is house to most of the key demographics important to our success. Earlier this yr, we communicated that we might be ramping up new natural retailer openings, with a deal with underserviced and high-potential markets in Ontario. I’m blissful to say that as of at this time, 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,” mentioned Raj Grover, Founder and Chief Government Officer of Excessive Tide.
“Whereas Canadian brick-and-mortar gross sales stay the center and soul of our enterprise, innovation within the e-commerce house stays a precedence. I sit up for saying some thrilling new choices that I imagine will likely 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 complete 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 shopper, with wholly-diversified and fully-integrated operations throughout all elements of hashish, together with:
Bricks & Mortar Retail: Canna Cabana™ is the most important hashish retail chain in Canada, with 187 present places spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and rising. In 2021, Canna Cabana turned the primary hashish low cost membership retailer on this planet.
Retail Innovation: Fastendr™ is a novel and totally automated know-how that employs retail kiosks to facilitate a greater shopping for expertise by searching, ordering and pickup.
Consumption Equipment: Excessive Tide operates a set 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 shopper CBD by 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 recent partnerships and license agreements underneath the Well-known Brandz™ identify.
Excessive Tide constantly strikes forward of the currents, having been named one among 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 Instances checklist of Americas’ Quickest Rising Firms for 2023. To find the complete 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 Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability 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”, “imagine”, “will”, “projected”, “estimated” and comparable expressions and statements regarding issues that aren’t historic information are meant to establish forward-looking info and are primarily based 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 are usually not restricted to, statements relating to: 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 places and the enlargement 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 affordable, such statements are primarily based 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 underneath the heading “Non-Exhaustive Record of Danger Elements” 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 now and again in our periodic filings, obtainable at www.sedarplus.ca and www.sec.gov, which elements are integrated 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 on account 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 regulation.
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1 As reported by ATB Capital Markets primarily based on retailer counts as of February 8, 2024
SOURCE Excessive Tide Inc.
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