CALGARY, April 8, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HTDEF) (FRA:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has opened a new Smoker’s Corner retail store located in the Royal Centre Hills Plaza, at 3739 8 Avenue NW in Edmonton, Alberta (the “Hills Store”). Similar to the Company’s other Smoker’s Corner locations, the Hills Store will benefit from being supplied by High Tide’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 from High Tide’s wholesale segment.
Edmonton continues to provide strong market opportunities for the Company and its retail businesses. “Following the legalization of recreational cannabis for adult use on October 17, 2018, we noticed that customer demand for a wide range of smoking accessories is not being satisfied within regulated retail cannabis stores,” said Raj Grover, President and Chief Executive Officer of High Tide. “With an expertise in ancillary products, Smoker’s Corner offers our most discerning customers the widest selection of smoking accessories on the market today,” added Mr. Grover. The Company continues to evaluate similar opportunities to maximize the opportunity to sell higher margin products and leverage its decade of experience in the smoking accessories and cannabis lifestyle retail industry.
The Hills Store brings the company total to 13 Smoker’s Corner stores, with five corporately owned and eight franchises across Alberta, British Columbia to Nova Scotia. High Tide also continues to operate its 11 existing Canna Cabana stores and advance the next 25 locations that are under various stages of development and construction. The Company is also progressing through the necessary steps to complete two pending acquisitions in Saskatchewan and assisting with the opening and operation of three cannabis retail locations in Ontario.
About High Tide Inc.
High Tide is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) and FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9).
Representing the core of High Tide’s business, RGR Canada Inc. is a high-quality and innovative designer, manufacturer and distributor of cannabis accessories. Famous Brandz Inc. is a dominant manufacturer of licensed lifestyle accessories, through partnerships with celebrities and entertainment companies including Snoop Dogg and Paramount Pictures. Famous Brandz’ products are sold to wholesalers and retailers around the world. Founded in 2009 and approved by the Canadian Franchise Association, Smoker’s Corner Ltd. is among Canada’s largest counter-culture chains with 13 locations. Kush West Distribution is in the process of becoming a cannabis wholesaler in the province of Saskatchewan. Based in Amsterdam since 2000, Grasscity.com is the world’s preeminent and most searchable online retailer of smoking accessories and cannabis lifestyle products with approximately 5.8 million site visits annually. With the deregulation of recreational cannabis for adult use across Canada, Canna Cabana Inc., with 11 current locations, is in the process of becoming a sizeable retail brand with a sophisticated yet playful customer experience, while KushBar Inc. is a retail concept that will also be focused on the valued Canadian cannabis consumer.