“While we aggressively pursue opportunities to expand the reach of our ancillary businesses in the United States and Europe, we also remain committed to growing our Canadian retail footprint,” mentioned Raj Grover, President and Chief Executive Officer of High Tide. “As we continue to grow our presence in emerging markets, we intend to keep building on our Canadian momentum which is powered by our differentiated one-stop shop model that allows consumers to purchase all of their cannabis and accessory needs under one roof,” added Mr. Grover.
The new Beltline retailer, which is positioned inside strolling distance of Calgary’s Millenium Park, is a part of the Company’s strategic plan to drive natural development inside Canada whereas pursuing acquisition alternatives in Canada, the United States, and Europe, that may be instantly accretive to shareholders.
About High Tide Inc.
High Tide is a retail-focused hashish firm enhanced by the manufacturing and distribution of consumption equipment. The Company is the most important Canadian retailer of leisure hashish as measured by income, with 74 branded retail areas spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail section options the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with extra areas beneath improvement throughout the nation. High Tide has been serving shoppers for over a decade by its quite a few consumption accent companies together with e-commerce platforms Grasscity.com and CBDcity.com, and its wholesale distribution division beneath Valiant Distribution, together with the licensed leisure product producer Famous Brandz. High Tide’s technique as a dad or mum firm is to increase and strengthen its built-in worth chain, whereas offering a whole buyer expertise and maximizing shareholder worth. Key business traders in High Tide embrace Aphria Inc. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB).
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this information launch are forward-looking data or forward-looking statements. Such data and statements, referred to herein as “forward-looking statements” are made as of the date of this information launch or as of the date of the efficient date of data described in this information launch, as relevant. Forward-looking statements relate to future occasions or future efficiency and mirror present estimates, predictions, expectations or beliefs concerning future occasions. Any statements that specific or contain discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency (usually, forward-looking statements may be recognized by use of phrases reminiscent of “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “projects”, “estimates”, “envisages, “assumes”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or stating that sure actions, occasions or outcomes “may”, “can”, “could”, “would”, “might”, or “will” be taken, happen or be achieved, or the adverse of any of those phrases or comparable expressions, and different comparable terminology) should not statements of historic reality and could also be forward-looking statements.
Such forward-looking statements are based mostly on assumptions which will show to be incorrect, together with however not restricted to the power of High Tide to execute on its marketing strategy and that High Tide will obtain one or a number of 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 allowing it to hold on its Canna Cabana Inc. and KushBar Inc. companies. High Tide considers these assumptions to be cheap in the circumstances. However, there may be no assurance that anybody or extra of the federal government, business, market, operational or monetary targets as set out herein will probably be achieved. Inherent in the forward-looking statements are identified and unknown dangers, uncertainties and different elements that would trigger precise outcomes, efficiency or achievements, or business outcomes, to vary materially from any outcomes, efficiency or achievements expressed or implied by such forward-looking statements.
The ahead–wanting statements contained herein are present as of the date of this information launch. Except as required by regulation, High Tide doesn’t have any obligation to advise any individual if it turns into conscious of any inaccuracy in or omission from any forward-looking assertion, nor does it intend, or assume any obligation, to replace or revise these forward-looking statements to mirror new occasions or circumstances. Any and all forward-looking statements included in this information launch are expressly certified by this cautionary assertion, and besides as in any other case indicated, are made as of the date of this information launch.
SOURCE High Tide Inc.
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