High Tide Announces Smoker's Corner Store in the Royal Chapelle Area of Edmonton

Published: June 5, 2019

High Tide Announces Smoker's Corner Store in the Royal Chapelle Area of Edmonton

High Tide Inc., an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, has opened a new Smoker’s Corner retail store in the Royal Chapelle Area of Edmonton, specifically located at 3142 141 Street SW in Edmonton, Alberta (the “Royal Chapelle Store”). Similar to High Tide’s other Smoker’s Corner locations, the Royal Chapelle Store will be supplied from the Company’s vast catalogue of more than 4,300 SKUs of smoking accessories and cannabis lifestyle products, including the full range of proprietary and licensed goods offered by its wholesale segment.

High Tide embraces the opportunity to sell higher margin products and leverage its decade of experience in the smoking accessories and cannabis lifestyle retail industry. “As the capital of Alberta, Edmonton has always been a great market for Smoker’s Corner and we greatly look forward to strengthening our relationship with this city through our new Royal Chapelle Store,” said Raj Grover, President and Chief Executive Officer of High Tide. “Demand for smoking accessories and cannabis lifestyle products continues to be strong and we are pleased to be able to hire more Edmonton-based staff for this outlet,” added Mr. Grover. The Royal Chapelle neighbourhood is a newer area in southwest Edmonton, located only 15 kilometres from the Edmonton International Airport.

The Royal Chapelle Store brings the company total to 14 Smoker’s Corner stores, with six corporately owned and eight franchises across Alberta, British Columbia to Nova Scotia. High Tide also continues to benefit from 16 branded Canna Cabana stores in Alberta, Ontario and Saskatchewan and is advancing its next 26 locations that are under various stages of development and construction across Alberta, British Columbia and Manitoba. The Company is also progressing through the necessary steps to complete a pending acquisition in Saskatchewan and assist with the opening and operation of a third cannabis retail location Ontario, located in downtown Toronto.

Also, High Tide has appointed Rahim Kanji as the Chief Financial Officer of the Company, effective May 28, 2019. Mr. Kanji will be responsible for High Tide’s accounting, finance and corporate reporting functions. He has over 18 years of experience in various industries from start-up technology to enterprise oil and gas. Most recently he was the Chief Operating Officer at Kudos Inc., prior to which he was the Controller at Solium Capital Inc. As previously announced, the Company issued 96,000 common shares to a group of executive search vendors for the performance of recruitment services.