CALGARY, April 3, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HTDEF) (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 its common shares have been upgraded by the OTC Markets Group for trading on the OTCQB Market (“OTCQB”) under the stock symbol “HTDEF”. The Company’s common shares continue to be listed on the Canadian Securities Exchange under the ticker symbol “HITI” and on the Frankfurt Stock Exchange under the stock symbol “2LY”.
The OTCQB market is considered an Established Public Market by the SEC for the purpose of determining the public market price when registering securities for resale with the SEC in equity line financings. “The upgrade of High Tide’s shares for trading on the OTCQB enables American investors to participate in our rapid growth,” said Raj Grover, President and Chief Executive Officer of High Tide. “Interest from American investors has been growing due to a significant amount of our wholesale segment’s business being conducted with customers in the United States. Therefore, this OTCQB listing enables us to further diversify our retail and institutional investor base around the world,” added Mr. Grover. Companies on the OTCQB verify via an annual OTCQB Certification that their company information is current, including information about its reporting status, profile, information about management and the board, major shareholders, law firms, transfer agents and more.
Additionally, Matthew Dexter, Chief Financial Officer, has advised High Tide that he will resign from his position effective April 22, 2018. The Company and the Board of Directors would like to thank Mr. Dexter for his contributions over the past year and wish him well in his future endeavours. High Tide has commenced a search for Mr. Dexter’s replacement through an executive search firm and Mr. Dexter will assist the Company with the transition prior to his departure.