High Tide Inc., a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, today announced that as per the recently-disclosed listing of holdings available on its website, the Company’s shares have now been included in The Cannabis Growth ETF (NYSE:BUDX).
“This is now the fourth cannabis ETF that has initiated a position in High Tide since we began trading on the Nasdaq just over four months ago. Additionally, the number of equity research analysts covering High Tide has doubled from two to four over the same time period, with more likely on the way. All of this demonstrates that our growth strategy and the execution of our business plan are not going unnoticed, as we just surpassed 100 stores in Canada which are complemented by our unique online portfolio of businesses, including multiple e-commerce platforms in the ancillary cannabis space focused on the U.S. market” said Raj Grover, President and Chief Executive Officer of High Tide.
“Our Nasdaq listing has led to more awareness of High Tide’s business model, with new analysts magnifying our reach with institutions. This expanded visibility should boost trading volumes and help others appreciate how we are EBITDA-positive today and rapidly building our business for the long-term,” added Mr. Grover.
About High Tide Inc.
High Tide is a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 101 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan, and was featured in the third annual Report on Business Magazine’s ranking of Canada’s Top Growing Companies in 2021. High Tide’s retail segment features the Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. For more information about High Tide Inc., please visit www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile page on EDGAR at www.sec.gov.
