High Tide to Announce Fourth Quarter and Full Fiscal Year 2020 Financial Results

Published: February 19, 2021

High Tide to Announce Fourth Quarter and Full Fiscal Year 2020 Financial Results

High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories will release its financial and operational results for the quarter and year ended October 31, 2020 after market close on March 1, 2021. High Tide’s fourth quarter and year ended October 31, 2020 financial and operational results will be available on SEDAR and on the Company’s website at www.hightideinc.com/invest.

Guidance on Fourth Quarter and Full Fiscal Year 2020 Financial Results

At the request of the Underwriters (as defined in the Company’s news release dated February 2, 2021), the Company is pleased to provide guidance on select financial results for the fiscal fourth quarter and year ended October 31, 2020. For the fiscal fourth quarter of 2020 the Company expects to report revenue that is ahead of the range of analysts’ estimates of $23.3 million and $24.2 million, and gross margin percentage consistent with the percentage realized during the first nine months of the fiscal year.  For the full year ended October 31, 2020 the Company expects to report revenue that is ahead of the range of analysts’ estimates of $79.7 million and $80.6 million.

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 70 current locations spanning OntarioAlbertaManitoba and Saskatchewan. High Tide’s retail segment features the Canna Cabana, KushBar, 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

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