CALGARY, July 10, 2019 /CNW/ – Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis company enhanced by the manufacturing and wholesale distribution of smoking equipment and cannabis life-style merchandise, immediately introduced that the Canna Cabana retail shops situated at Unit #4, 16952 111 Avenue NW in Edmonton and at Bay #130, 100 Stockton Avenue in Okotoks (collectively, the “New Alberta Shops”) each obtained their first deliveries of cannabis merchandise from Alberta Gaming, Liquor and Hashish (“AGLC”) and commenced promoting leisure cannabis for grownup use on July 9, 2019. The New Alberta Shops carry the whole variety of Canna Cabana retail areas at the moment promoting leisure cannabis to 7 throughout the province, for a complete of 11 branded areas throughout Canada.
Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY) expects its subsequent 10 Canna Cabana shops, together with one franchise, to be licensed as retail cannabis shops all through the summer time, which can carry its whole variety of retail cannabis shops to 17 branded areas throughout Alberta barring any modifications to the present price of licensing by AGLC. “We’re extraordinarily happy with establishing 7 retail cannabis shops organically throughout Alberta in such a brief time frame,” stated Raj Grover, President and Chief Government Officer of Excessive Tide. “As one of many high retailers of leisure cannabis in Canada, prospects proceed to validate the Canna Cabana idea and help our subsequent areas as they open,” added Mr. Grover. The remaining 19 areas to succeed in the efficient most of 37 retail cannabis shops in Alberta are at the moment below numerous phases of growth and development.
Outdoors of Alberta, Excessive Tide at the moment has a Canna Cabana retail cannabis retailer in Swift Present, Saskatchewan, together with three branded areas in Hamilton, Sudbury and Toronto, Ontario. Excessive Tide can also be progressing towards closing the beforehand introduced acquisition of a second location in Saskatchewan, establishing a retail cannabis retailer in Niverville, Manitoba after successful the chance to take action by provincial attract Could and opening the utmost variety of eight areas in British Columbia.
About Excessive Tide Inc.
Excessive Tide is an Alberta-based, retail-focused cannabis company enhanced by the manufacturing and wholesale distribution of smoking equipment and cannabis life-style merchandise. It’s a vertically-integrated firm within the Canadian cannabis market, with portfolio subsidiaries together with RGR Canada Inc., Well-known Brandz Inc., Kush West Distribution Inc., Smoker’s Nook Ltd., Grasscity.com, Canna Cabana Inc. and nearly all of KushBar Inc. Excessive Tide’s technique as a dad or mum firm is to increase and strengthen its built-in worth chain, whereas offering a whole buyer expertise and maximizing shareholder worth. Key trade buyers in Excessive Tide embrace Aphria Inc. (TSX: APHA) (NYSE: APHA), Aurora Hashish Inc. (NYSE: ACB) (TSX: ACB) and FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9).
Representing the core of Excessive Tide’s enterprise, RGR Canada Inc. is a high-quality and progressive designer, producer and distributor of cannabis equipment. Well-known Brandz Inc. is a dominant producer of licensed life-style equipment, via partnerships with celebrities and leisure firms together with Snoop Dogg and Paramount Footage. Well-known Brandz’ merchandise are offered to wholesalers and retailers around the globe. Based in 2009 and authorized by the Canadian Franchise Affiliation, Smoker’s Nook Ltd. is amongst Canada’s largest counter-culture chains with 14 areas. Kush West Distribution is within the strategy of turning into a cannabis wholesaler within the province of Saskatchewan. Based mostly in Amsterdam since 2000, Grasscity.com is the world’s preeminent and most searchable on-line retailer of smoking equipment and cannabis life-style merchandise with roughly 5.eight million website visits yearly. With the deregulation of leisure cannabis for grownup use throughout Canada, Canna Cabana Inc. and its 21 branded shops (together with accessories-only areas), is within the strategy of turning into a sizeable retail model with a complicated but playful buyer expertise, whereas KushBar Inc. is a retail idea that will even be targeted on the valued Canadian cannabis shopper.
For extra details about Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), please go to www.hightideinc.com and its profile web page on SEDAR at www.sedar.com.
Sure statements on this information launch are forward-looking info or forward-looking statements. Such info and statements, referred to herein as “forward-looking statements” are made as of the date of this information launch or as of the date of the efficient date of knowledge described on this information launch, as relevant. Ahead-looking statements relate to future occasions or future efficiency and mirror present estimates, predictions, expectations or beliefs concerning future occasions. Any statements that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency (usually, forward-looking statements could be recognized by use of phrases reminiscent of “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “initiatives”, “estimates”, “envisages, “assumes”, “wants”, “technique”, “objectives”, “goals”, or variations thereof, or stating that sure actions, occasions or outcomes “could”, “can”, “might”, “would”, “would possibly”, or “will” be taken, happen or be achieved, or the damaging of any of those phrases or comparable expressions, and different comparable terminology) usually are not statements of historic truth and could also be forward-looking statements.
Such forward-looking statements are primarily based on assumptions that will show to be incorrect, together with however not restricted to the power of Excessive Tide to execute on its marketing strategy and that Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY) will obtain one or a number of licenses from Alberta Gaming, Liquor & Hashish, British Columbia’s Liquor Distribution Department, Liquor, Gaming and Hashish Authority of Manitoba, Alcohol and Gaming Fee of Ontario or the Saskatchewan Liquor and Gaming Authority allowing it to hold on its Canna Cabana Inc. and KushBar Inc. companies. Excessive Tide considers these assumptions to be cheap within the circumstances. Nevertheless, there could be no assurance that anyone or extra of the federal government, trade, market, operational or monetary targets as set out herein can be achieved. Inherent within the forward-looking statements are recognized and unknown dangers, uncertainties and different elements that might trigger precise outcomes, efficiency or achievements, or trade outcomes, to vary materially from any outcomes, efficiency or achievements expressed or implied by such forward-looking statements.
The ahead‐wanting statements contained herein are present as of the date of this information launch. Besides as required by regulation, Excessive Tide doesn’t have any obligation to advise any individual if it turns into conscious of any inaccuracy in or omission from any forward-looking assertion, nor does it intend, or assume any obligation, to replace or revise these forward-looking statements to mirror new occasions or circumstances. Any and all forward-looking statements included on this information launch are expressly certified by this cautionary assertion, and besides as in any other case indicated, are made as of the date of this information launch.
SOURCE Excessive Tide Inc.
Please go to the corporate’s web site at hightideinc.com. For a free report on Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY) go to potstocknews.com
Please See Disclaimer