High Tide Enters into Multiple MOUs to Supply its Saskatchewan Wholesale Operations

Published: July 30, 2018

High Tide Enters into Multiple MOUs to Supply its Saskatchewan Wholesale Operations

High Tide Ventures Inc. has recently entered into multiple non-binding memorandums of understanding (“MOUs”) to supply the Saskatchewan market on a wholesale basis for a combined total of up to 9,500 kilograms of cannabis products over the next year, as available. High Tide is in the process of becoming a licensed wholesaler of cannabis products in the province of Saskatchewan. The MOUs are with FV Pharma Inc., Maple Leaf Green World Inc., Sundial Growers Inc. and The Supreme Cannabis Company, Inc.

“High Tide has achieved an important strategic milestone by securing its first wholesale business partners for Saskatchewan and the province’s 51 retail cannabis outlets”, said Raj Grover, President & Chief Executive Officer of High Tide. “Entering into these MOUs positions High Tide as significant source of both cannabis products and lifestyle accessories in a forward-thinking market,” added Grover. High Tide is focused on becoming a strong downstream player in the legal recreational cannabis industry in Canada. Through its subsidiaries, the Company has also applied for over 30 retail cannabis licenses and associated development permits in Alberta, with applications in British Columbia expected to be submitted shortly.

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