High Tide Announces Canna Cabana in Fort Saskatchewan as 11th Location Selling Recreational Cannabis in Alberta

CALGARY, July 31, 2019 /CNW/ –¬†High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at Unit A, 10310 100th Avenue in the city of Fort Saskatchewan¬†(the “Fort Saskatchewan Store”) received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and has begun selling recreational cannabis for adult use. High Tide currently has 15 branded Canna Cabana locations selling recreation cannabis products across Canada inclusive of the Fort Saskatchewan Store.

High Tide expects its next 9 Canna Cabana locations and the first KushBar location to be licensed as retail cannabis stores by the end of August, which will bring its total to 24 locations across Canada, barring any changes to the current rate of licensing by AGLC. “The Fort Saskatchewan Store marks yet another milestone for High Tide as its Canna Cabana retail cannabis business continues to grow at a fast pace across Alberta,” said Raj Grover, President and Chief Executive Officer of High Tide. “We are excited to offer recreational cannabis for adult use to this dynamic and growing city and we look forward to being a member of the community for the long term,” added Mr. Grover.

Canna Cabana this week also received an AGLC license to sell recreational cannabis at its upcoming location in Bonnyville, which is expected to open by the end of August. The remaining Canna Cabana and KushBar locations needed to achieve the AGLC’s maximum of 15% market share are currently under various stages of development and construction. Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with 3 branded locations in Hamilton, Sudbury and Toronto, Ontario.