“The London Store expands our retail footprint into an exciting new market for High Tide and reinforces our strong position as a leading retailer in Canada’s most populous province,” mentioned Raj Grover, President & Chief Executive Officer of High Tide. “Our long-term growth plan focuses on Ontario where we have 27 open and in-queue locations and are committed to reaching the current provincial maximum of 30 locations before the end of September 2021,” added Mr. Grover.
The City of London is a rising neighborhood of over 380,000 folks located in the guts of southwestern Ontario and is dwelling to the outstanding Western University and Fanshawe College campuses.
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 76 branded retail places 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 further places underneath improvement throughout the nation. High Tide has been serving shoppers for over a decade by way of its quite a few consumption accent companies together with e-commerce platforms Grasscity.com and CBDcity.com, and its wholesale distribution division underneath Valiant Distribution, together with the licensed leisure product producer Famous Brandz. High Tide’s technique as a guardian firm is to increase and strengthen its built-in worth chain, whereas offering an entire buyer expertise and maximizing shareholder worth. Key trade traders in High Tide embody Aphria Inc. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB).
Neither the TSX Venture Exchange (the “TSXV“) nor its Regulation Services Provider (as that time period is outlined in the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This information launch incorporates “forward-looking statements”, inside the that means of relevant securities legal guidelines. These statements embody, however will not be restricted to statements concerning the potential mineralization and sources, exploration outcomes, and future plans and targets. Generally, these forward-looking statements could be recognized by way of forward-looking terminology akin to “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are primarily based on the opinions and estimates of administration as of the date such statements are made, and they’re topic to recognized and unknown dangers, uncertainties and different elements which will trigger the precise outcomes, use of proceeds, stage of exercise, efficiency or achievements of High Tide to be materially totally different from these expressed or implied by such forward-looking statements, together with however not restricted to dangers associated to: dangers related with normal financial situations; hostile trade occasions; advertising and marketing prices; lack of markets; future legislative and regulatory developments involving the retail hashish markets; incapability to entry adequate capital from inside and exterior sources, and/or incapability to entry adequate capital on beneficial phrases; the retail hashish industries usually; revenue tax and regulatory issues; the flexibility of High Tide to implement its enterprise technique; competitors; forex and rate of interest fluctuations; the COVID-19 pandemic nationally and globally and the response of governments to the COVID-19 pandemic in respect of the operation of retail shops and different dangers. Although administration of High Tide has tried to establish necessary elements that might trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements. The Company doesn’t undertake to replace any forward-looking statements which can be included by reference herein, whether or not on account of new info, future occasions or in any other case, besides in accordance with relevant securities legal guidelines.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the United States of America. The securities haven’t been and won’t be registered underneath the United States Securities Act of 1933 (the “1933 Act”) or any state securities legal guidelines and is probably not supplied or bought inside the United States or to U.S. Persons (as outlined in the 1933 Act) until registered underneath the 1933 Act and relevant state securities legal guidelines, or an exemption from such registration is obtainable.
SOURCE High Tide Inc.
For additional info: High Tide Inc., Omar Khan, Senior Vice President, Corporate and Public Affairs, firstname.lastname@example.org, Tel. 647-985-4401