CALGARY, AB, Oct. 24, 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 97 Bathtub Street, Kingston, Ontario, will start promoting leisure hashish merchandise and consumption equipment for grownup use as of 4:20 PM on October thirty first, 2024. This opening will mark Excessive Tide’s 186th Canna Cabana branded retail hashish location in Canada, the 72nd within the province of Ontario and the primary in Kingston.
Kingston is residence to 3 main Canadian post-secondary establishments: Queen’s College, the Royal Army School of Canada and St. Lawrence School. Two hours from Toronto, Kingston is located on the banks of Lake Ontario and is a metropolis steeped in Canadian historical past. This Canna Cabana opens in a sturdy energy centre, surrounded by anchor tenants equivalent to a significant pharmacy chain, a Canadian pet retailer, and a distinguished Canadian residence enchancment and auto restore chain. A brief drive from the Queen’s College campus, it’s a vacation spot buying centre for college kids and residents, with a inhabitants density of over 50,000 inside a three-kilometer radius.
“After 6 years of legalization, we’re nonetheless increasing into markets the place our Canna Cabana model does not but have presence. This presents a wonderful alternative for the expansion of our ELITE & Cabana Membership group. Increasing into Kingston, a metropolis with over 30,000 post-secondary college students, suits this technique effectively, as does the truth that this new retailer is situated inside a significant energy centre subsequent to well-established Canadian retail giants,” mentioned Raj Grover, Founder and Chief Govt Officer of Excessive Tide.
“Our deal with high quality natural development stays a key a part of our sustainable enterprise technique to make sure we’re creating lasting worth for shareholders. I look ahead to asserting the launch of a number of extra Cabanas to shut out this calendar yr”, 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 client, with wholly-diversified and fully-integrated operations throughout all elements of hashish, together with:
Bricks & Mortar Retail: Canna Cabana™ is the biggest hashish retail chain in Canada, with 186 present places 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 novel and totally automated know-how that employs retail kiosks to facilitate a greater shopping for expertise by way of looking, 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 Go™, Dopezilla™, Atomik™, Hue™, Evolution™ and extra.
CBD: Excessive Tide continues to domesticate the probabilities of client CBD by way 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 way of contemporary partnerships and license agreements beneath the Well-known Brandz™ identify.
Excessive Tide persistently strikes forward of the currents, having been named considered one of Canada’s Prime 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 prime 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 listing of Americas’ Quickest Rising Firms for 2023. To find the complete influence 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 Alternate 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.
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1 As reported by ATB Capital Markets primarily based on retailer counts as of February 8, 2024
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. The usage of any of the phrases “might”, “intend”, “anticipate”, “consider”, “will”, “projected”, “estimated” and related expressions and statements regarding issues that aren’t historic information are supposed 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 embody, however aren’t 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 places and the launch of extra shops this calendar yr. 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 cheap, 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 danger elements mentioned beneath the heading “Non-Exhaustive Listing of Danger Elements” in Schedule A to our present annual data type, and elsewhere on this press launch, as such elements could also be additional up to date sometimes in our periodic filings, obtainable 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 mirror the Firm’s expectations as of the date hereof and are topic to alter 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.
SOURCE Excessive Tide Inc.
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