CALGARY, AB, April 19, 2022 /PRNewswire/ – High Tide Inc. (“High Tide” or the “Company“) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it will mark the annual 4/20 cannabis holiday with the opening of two new stores in Alberta and Ontario. The new stores are located at 172 Leva Avenue in Red Deer County, Alberta (the “Gasoline Alley Store“), and 595 Fanshawe Park Road West in London, Ontario (the “London Store“). These openings will bring High Tide’s total number of branded retail locations across Canada to 115, and also represent the Company’s 62nd location in Alberta and 35th location in Ontario, respectively. The Gasoline Alley Store is strategically located within the quickly growing Gasoline Alley retail and commercial district, which is anchored by a national big-box discount grocery wholesaler, a movie theatre chain, and is immediately south of the City of Red Deer, Alberta’s third-largest city, with a population of just over 100,000. The London Store is situated at the intersection of two major roadways in the northwestern part of the city, which is at the centre of Ontario’s fourth-largest metropolitan area with a population of over 540,000. London is also home to Western University and Fanshawe College, with combined enrollments of over 52,000 students. The store is part of a retail plaza on Fanshawe Park Road that is anchored by national discount and grocery retail chains.
As a celebration of the Cabana Club having surpassed 420,000 members, High Tide will be awarding an exclusive prize package to a randomly-selected member of the Cabana Club on April 20, 2022 at 4:20 PM Mountain Time.1 The prize package will consist of a car valued at approximately $42,000, or a cash equivalent, as well as an all-expenses paid roundtrip flight to Calgary and dinner with Raj Grover, the Company’s President and Chief Executive Officer. Once confirmed, the details of the winner will be shared via press release, High Tide’s social media channels, and the Company’s website.
“Although closings of some acquisitions are taking longer than anticipated due to new regulatory timelines and considerations, we are continuing our strong organic growth trajectory across Canada. Our existing stores in both Red Deer and London have performed very well, and we are anticipating further positive results from these new locations as we expand our footprint in both cities,” said Raj Grover, President and Chief Executive Officer of High Tide. “More store sites remain under construction in other jurisdictions across Canada, and we anticipate announcing the opening of these locations over the coming weeks. I also look forward to sharing details about the Cabana Club contest winner shortly after 4/20, along with our 4/20 sales numbers as we have historically done,” added Mr. Grover.
SOURCE High Tide Inc.
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