High Tide Announces Canna Cabana Now Selling Cannabis in Grande Prairie with 10 More Alberta Stores to Follow Shortly

Published: July 4, 2019

High Tide Inc. announced that the Canna Cabana retail store located at 10831 100 Street in Grande Prairie, Alberta received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and began selling recreational cannabis for adult use on June 29, 2019. The Grande Prairie Store had been selling smoking accessories since late January but was licensed by AGLC as High Tide’s fifth retail cannabis store on June 3, 2019. Barring any changes to the rate of licensing recently accelerated by AGLC, High Tide expects its next 10 Canna Cabana stores to begin retailing cannabis over the next 8 weeks.

“With even faster licensing by AGLC, we are excited to continue our rapid growth to becoming Canada’s leading cannabis retailer,” said Raj Grover, President and Chief Executive Officer of High Tide. “Maximizing the Canna Cabana retail experience in Alberta as Canada’s leading retail cannabis jurisdiction is a great opportunity for our customers, stakeholders and shareholders alike,” added Mr. Grover. The Company expects these next ten Canna Cabana stores, including one franchise, to be licensed as retail cannabis stores throughout the summer, which will bring its total number of retail cannabis stores to 15 branded locations across Alberta.

The remaining 22 locations to reach the effective maximum of 37 retail cannabis stores in Alberta are currently under various stages of development and construction. Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with three branded locations in Hamilton, Sudbury and Toronto, Ontario. High Tide is also progressing toward closing the previously announced acquisition of a second location in Saskatchewan, establishing a retail cannabis store in Niverville, Manitoba after winning the opportunity to do so by provincial draw in May and opening the maximum number of eight locations in British Columbia.