CALGARY, Feb. 12, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (Frankfurt:2LY) these days announced that, topic to regulatory approval, the Corporation has been chosen to help with the establishment and operation of a retail cannabis shop by a second winner of one particular of the 25 possibilities to apply for a licence to operate a cannabis retail store (the “Second Winner”) as a outcome of the Alcohol and Gaming Commission of Ontario’s (the “AGCO”) Expression of Interest Application Lottery performed on January 11, 2019 (the “Lottery”). Subsequent to previously announcing that the Corporation had entered into a letter of intent with one more beneficiary of the Lottery, the Second Winner and its representatives sought out Higher Tide’s assistance to aid open a retail cannabis shop at a prospective place in the City of Hamilton, Ontario.
Higher Tide has robust reputation as a major retailer of smoking accessories and cannabis life-style goods by way of its Smoker’s Corner shops across Canada, which has not too long ago been enhanced by the opening of various Canna Cabana retail cannabis retailers in Alberta.
“We are delighted to have been approached by the Second Winner in Ontario. Our decade of operational experience and know-how of the cannabis customer, amongst other variables, have positioned us favourably to these in search of market partners,” stated Raj Grover, President and Chief Executive Officer of Higher Tide. “The Second Winner was hunting for the assistance of an knowledgeable player in the Canadian cannabis marketplace, which continues to validate us as the companion of decision in Ontario,” added Mr. Grover.
Higher Tide at present has seven operating Canna Cabana retailers and continues to advance its subsequent 26 areas below many stages of building. In Ontario, the Corporation has also established a important industrial presence as one particular of only a couple of suppliers of smoking accessories to the Ontario Cannabis Shop, which is the sole on the internet retailer of recreational cannabis goods in the Province of Ontario. Higher Tide is at present sustaining roughly 20 conditional leases for future areas across Ontario and is targeting possessing recreational cannabis retailers in just about every province that permits privately-owned retail outlets, as demonstrated by the current signing of letters of intent to obtain two areas in Saskatchewan.
About Higher Tide Inc.
Higher Tide is an Alberta-primarily based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis life-style goods. It is a vertically-integrated enterprise in the Canadian cannabis marketplace, with portfolio subsidiaries like RGR Canada Inc., Popular Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. Higher Tide’s method as a parent enterprise is to extend and strengthen its integrated worth chain, though offering a full buyer practical experience and maximizing shareholder worth.
Representing the core of Higher Tide’s small business, RGR Canada Inc. is a higher-high-quality and revolutionary designer, manufacturer and distributor of cannabis accessories. Popular Brandz Inc. is a dominant manufacturer of licensed life-style accessories, by way of partnerships with celebrities and entertainment providers like Snoop Dogg and Paramount Images. Popular Brandz’ goods are sold to wholesalers and retailers about the globe. Founded in 2009 and authorized by the Canadian Franchise Association, Smoker’s Corner Ltd. is amongst Canada’s biggest counter-culture chains with 14 areas. Kush West Distribution is in the method of becoming a cannabis wholesaler in the province of Saskatchewan. Primarily based in Amsterdam considering the fact that 2000, Grasscity.com is the world’s preeminent and most searchable on the internet retailer of smoking accessories and cannabis life-style goods with roughly five.eight million web site visits annually. With the deregulation of recreational cannabis for adult use across Canada, Canna Cabana Inc., with seven present areas, is in the method of becoming a sizeable retail brand with a sophisticated but playful buyer practical experience, though KushBar Inc. is a retail notion that will also be focused on the valued Canadian cannabis customer.
For much more facts about Higher Tide Inc., please visit www.hightideinc.com and its profile web page on SEDAR at www.sedar.com.
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