June 3, 2023

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Largest Alberta-Based Cannabis Retailer Welcomes Legislation to Shift Cannabis E-Commerce to Private Sector

CALGARY, AB, Nov. 4, 2021 /PRNewswire/ – Significant Tide Inc. (“Substantial Tide” or the “Enterprise”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), the most significant Alberta-based mostly cannabis retailer, with 57 retail hashish retailers presently operating provincewide, welcomes the Alberta Government’s proposed Monthly bill 80: the Purple Tape Reduction Implementation Act, 2021 (No. 2). The Act, if handed, would discontinue the provincially-run Albertacannabis.org e-commerce portal and changeover online sales and house supply of cannabis solutions to licensed private sector stores inside 90 days of passage and proclamation. This follows current moves by the governments of Ontario and British Columbia to enable private sector participation in cannabis e-commerce and dwelling delivery.

Substantial Tide Inc. November 4, 2021 (CNW Team/Superior Tide Inc.)

Alberta has after once more shown that it is a province that believes in the free of charge market. Present-day proposed legislation will, if handed, present a shot in the arm to personal sector cannabis suppliers who, for as well very long, have had to compete with a authorities owned entity in the e-commerce place that also serves as their sole wholesale provider,” said Raj Grover, President and Chief Government Officer of High Tide. “Accredited cannabis merchants have proven in other provinces that we can work online product sales and home delivery in a safe and secure method, making it possible for older people to have well timed obtain to the regulated and quality-managed goods that they want while ensuring that, as opposed to illicit current market operators, accessibility to youth is strictly forbidden,” added Mr. Grover.

Grant of Choices

Additionally, Superior Tide granted 100,000 stock possibilities (the “Possibilities”) to specified employees and consultants, exercisable for a time period of 3 a long time.

About Higher Tide Inc.

Higher Tide is a leading retail-centered hashish company with bricks and mortar as very well as international e-commerce belongings. The Corporation is the premier Canadian retailer of leisure hashish as calculated by earnings, with 103 recent locations spanning Ontario, Alberta, Manitoba and Saskatchewan, and was showcased in the third annual Report on Company Magazine’s rating of Canada’s Leading Expanding Providers in 2021. The Corporation is also North America’s initial and only cannabis low cost club retailer, showcasing Canna Cabana, Meta Hashish Co., Meta Cannabis Provide Co. and NewLeaf Hashish banners, with more areas beneath development across the place. Large Tide has been serving shoppers for over a ten years as a result of its founded ecommerce platforms such as Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and a lot more a short while ago in the hemp-derived CBD space via CBDcity.com, FABCBD.com, and BlessedCBD.co.uk, as effectively as its wholesale distribution division below Valiant Distribution, which includes the accredited amusement solution producer Well known Brandz. Large Tide’s technique as a dad or mum enterprise is to extend and improve its integrated worth chain, when delivering a comprehensive consumer expertise and maximizing shareholder price. Essential field investors in Superior Tide include Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).

Neither the TSXV nor its Regulation Products and services Service provider (as that expression is defined in the insurance policies of the TSXV) accepts responsibility for the adequacy or precision of this launch.

For a lot more information and facts about High Tide Inc., remember to check out www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile webpage on EDGAR at www.sec.gov.

CAUTIONARY Note About Forward-Looking STATEMENTS

Selected statements in this news launch are ahead-hunting information and facts or forward-looking statements. These kinds of information and statements, referred to herein as “forward-searching statements” are manufactured as of the date of this information launch or as of the day of the powerful date of information and facts described in this news launch, as relevant. Ahead-looking statements relate to potential activities or long run effectiveness and mirror present-day estimates, predictions, expectations or beliefs with regards to long term functions. Any statements that convey or contain conversations with respect to predictions, anticipations, beliefs, options, projections, objectives, assumptions or future gatherings or effectiveness (usually, ahead-searching statements can be determined by use of words these kinds of as “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “projects”, “estimates”, “envisages, “assumes”, “requirements”, “system”, “objectives”, “aims”, or variants thereof, or stating that selected actions, events or effects “could”, “can”, “could”, “would”, “could”, or “will” be taken, happen or be obtained, or the damaging of any of these conditions or related expressions, and other related terminology) are not statements of historic simple fact and may be ahead-seeking statements.

This kind of forward-searching statements are primarily based on assumptions that may well prove to be incorrect, such as but not confined to the ability of Substantial Tide to execute on its business strategy and that Superior Tide will obtain just one or several licenses from Alberta Gaming, Liquor & Cannabis, British Columbia’s Liquor Distribution Department, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to have on its Canna Cabana Inc. and KushBar Inc. enterprises. Significant Tide considers these assumptions to be reasonable in the situation. However, there can be no assurance that any one or extra of the federal government, market, market, operational or money targets as established out herein will be reached. Inherent in the forward-hunting statements are regarded and unfamiliar pitfalls, uncertainties and other aspects that could bring about actual success, functionality or achievements, or business benefits, to differ materially from any benefits, overall performance or achievements expressed or implied by these kinds of forward-seeking statements.

The forward–looking statements contained herein are present as of the day of this news launch. Other than as necessary by law, High Tide does not have any obligation to recommend any man or woman if it gets to be aware of any inaccuracy in or omission from any forward-on the lookout assertion, nor does it intend, or assume any obligation, to update or revise these forward-hunting statements to replicate new activities or situation. Any and all ahead-on the lookout statements included in this news release are expressly experienced by this cautionary assertion, and besides as in any other case indicated, are made as of the day of this information release.



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Resource Large Tide Inc.