CALGARY, AB, Nov. 18, 2024 /CNW/ – 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 present that its Canna Cabana retail hashish retailer positioned at 1508 Higher James Road, 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 significant procuring centre in Hamilton. With few rivals 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 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, faculties, and research-intensive firms, Hamilton is residence to lots of the key demographics important to our success. Earlier this 12 months, 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 completely satisfied to say that as of at present, our staff has delivered 25 new shops throughout Canada this 12 months, together with 19 in Ontario, exceeding our minimal goal of 20 new shops with six weeks remaining within the 12 months,” 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 area stays a precedence. I sit up for asserting some thrilling new choices that I imagine shall 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 shopper, with wholly-diversified and fully-integrated operations throughout all parts of hashish, together with:
Bricks & Mortar Retail: Canna Cabana™ is the biggest hashish retail chain in Canada, with 187 present areas spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and rising. In 2021, Canna Cabana grew to become the primary hashish low cost membership retailer on the earth.
Retail Innovation: Fastendr™ is a singular and totally automated know-how that employs retail kiosks to facilitate a greater shopping for expertise by means of shopping, ordering and pickup.
Consumption Equipment: Excessive Tide operates a set of main accent e-commerce platforms internationally, 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 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 recent partnerships and license agreements below the Well-known Brandz™ title.
Excessive Tide persistently 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 12 months 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 checklist 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 Companies 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 could comprise “forward-looking data” and “forward-looking statements inside the which means of relevant securities laws. Using any of the phrases “might”, “intend”, “count on”, “imagine”, “will”, “projected”, “estimated” and comparable expressions and statements referring to issues that aren’t historic details are meant to determine forward-looking data and are primarily based on the Firm’s present perception or assumptions as to the result and timing of such future occasions. The forward-looking statements herein embrace, however usually are 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 areas and the enlargement of our low cost membership mannequin. Readers are cautioned to not place undue reliance on forward-looking data. Precise outcomes and developments could 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, components, 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 components mentioned below the heading “Non-Exhaustive Record of Danger Components” in Schedule A to our present annual data kind, and elsewhere on this press launch, as such components could also be additional up to date infrequently in our periodic filings, out there at www.sedarplus.ca and www.sec.gov, which components are included herein by reference. Ahead-looking statements contained on this press launch are expressly certified by this cautionary assertion and mirror 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 data, estimates or opinions, future occasions or outcomes, or in any other case, or to elucidate any materials distinction between subsequent precise occasions and such forward-looking data, besides as required by relevant legislation.
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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.
