High Tide Announces Canna Cabana in Lloydminster as 12th Location Selling Recreational Cannabis in Alberta

CALGARY, Aug. 8, 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 #105A, 8120 44th Street in the city of Lloydminster (the “Lloydminster Store”) received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and has begun selling recreational cannabis for adult use. Inclusive of the Lloydminster Store, High Tide currently has 16 branded Canna Cabana locations selling recreation cannabis products across Canada.

High Tide expects its next 7 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. “Opening new Canna Cabana stores every week in Alberta is very exciting and the Lloydminster Store is no exception, as this latest retail cannabis outlet is strategically located in a large and unique municipality,” said Raj Grover, President and Chief Executive Officer of High Tide. “We are encouraged by the strengthening performance of our growing portfolio of retail cannabis stores and look forward to opening many more locations in the near future,” added Mr. Grover.

Canna Cabana this week also received three AGLC licenses to sell recreational cannabis at its upcoming locations in Calgary, Edmonton and Red Deer, which are 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.