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High Tide Recognized as a Top 50 Company by the TSX Venture Exchange for the Second Consecutive Year

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High Tide Inc. (HITI) has been recognized as a Top 50 company by the TSX Venture Exchange for the second consecutive year, ranking 21st in 2024. This marks the company's third appearance on this prestigious list in four years, being one of only two cannabis companies included.

The company's Canna Cabana brand has shown significant growth, with its loyalty program reaching over 1.7 million members. As Canada's largest cannabis retail chain, it currently operates 192 locations across multiple provinces. High Tide has been consistently recognized for its growth, including being named one of Canada's Top Growing Companies by the Globe and Mail for four consecutive years and ranking first in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023.

The company plans to expand into international markets, starting with Germany, aiming to build a comprehensive portfolio of Canadian cannabis brands and products.

High Tide Inc. (HITI) è stata riconosciuta come una delle 50 migliori aziende dalla TSX Venture Exchange per il secondo anno consecutivo, classificandosi al 21° posto nel 2024. Questo segna la terza apparizione dell'azienda in questa prestigiosa lista in quattro anni, essendo una delle sole due aziende di cannabis incluse.

Il marchio Canna Cabana dell'azienda ha mostrato una crescita significativa, con il suo programma di fidelizzazione che ha raggiunto oltre 1,7 milioni di membri. Come la più grande catena di vendita al dettaglio di cannabis in Canada, attualmente gestisce 192 punti vendita in diverse province. High Tide è stata costantemente riconosciuta per la sua crescita, inclusa la nomina tra le aziende in più rapida crescita del Canada da parte del Globe and Mail per quattro anni consecutivi e il primo posto nella categoria retail nella lista del Financial Times delle aziende in più rapida crescita delle Americhe per il 2023.

L'azienda ha in programma di espandersi nei mercati internazionali, partendo dalla Germania, con l'obiettivo di costruire un portafoglio completo di marchi e prodotti di cannabis canadesi.

High Tide Inc. (HITI) ha sido reconocida como una de las 50 mejores empresas por la TSX Venture Exchange por segundo año consecutivo, ocupando el 21° lugar en 2024. Esta es la tercera aparición de la empresa en esta prestigiosa lista en cuatro años, siendo una de las únicas dos empresas de cannabis incluidas.

La marca Canna Cabana de la empresa ha mostrado un crecimiento significativo, con su programa de lealtad alcanzando más de 1.7 millones de miembros. Como la cadena de venta al por menor de cannabis más grande de Canadá, actualmente opera 192 ubicaciones en varias provincias. High Tide ha sido reconocida constantemente por su crecimiento, incluyendo ser nombrada una de las empresas de más rápido crecimiento de Canadá por el Globe and Mail durante cuatro años consecutivos y ocupando el primer lugar en la categoría minorista en la lista de las empresas de más rápido crecimiento de América del Financial Times para 2023.

La empresa planea expandirse a mercados internacionales, comenzando por Alemania, con el objetivo de construir un portafolio integral de marcas y productos de cannabis canadienses.

하이 타이드 주식회사 (HITI)는 TSX 벤처 거래소에서 2년 연속으로 상위 50대 기업으로 선정되어 2024년에는 21위에 올랐습니다. 이는 4년 동안 이 권위 있는 목록에 세 번째로 등장한 것으로, 포함된 두 개의 대마초 회사 중 하나입니다.

회사의 카나 카바나 브랜드는 충성도 프로그램이 170만 명 이상의 회원에 도달하며 상당한 성장을 보여주었습니다. 캐나다에서 가장 큰 대마초 소매 체인으로 현재 여러 주에서 192개의 매장을 운영하고 있습니다. 하이 타이드는 성장에 대해 지속적으로 인정받아 왔으며, 4년 연속으로 Globe and Mail에서 캐나다의 가장 빠르게 성장하는 기업 중 하나로 선정되었고, 2023년 Financial Times의 아메리카에서 가장 빠르게 성장하는 기업 목록에서 소매 부문 1위를 차지했습니다.

회사는 독일을 시작으로 국제 시장으로의 확장을 계획하고 있으며, 캐나다 대마초 브랜드 및 제품의 포괄적인 포트폴리오를 구축하는 것을 목표로 하고 있습니다.

High Tide Inc. (HITI) a été reconnue comme l'une des 50 meilleures entreprises par la TSX Venture Exchange pour la deuxième année consécutive, se classant 21e en 2024. Cela marque la troisième apparition de l'entreprise sur cette liste prestigieuse en quatre ans, étant l'une des deux seules entreprises de cannabis incluses.

La marque Canna Cabana de l'entreprise a montré une croissance significative, avec son programme de fidélité atteignant plus de 1,7 million de membres. En tant que plus grande chaîne de vente au détail de cannabis au Canada, elle exploite actuellement 192 emplacements dans plusieurs provinces. High Tide a été constamment reconnue pour sa croissance, y compris en étant nommée l'une des entreprises à la croissance la plus rapide du Canada par le Globe and Mail pendant quatre années consécutives et en se classant première dans la catégorie de vente au détail sur la liste des entreprises à la croissance la plus rapide des Amériques du Financial Times pour 2023.

L'entreprise prévoit de s'étendre sur les marchés internationaux, en commençant par l'Allemagne, avec l'objectif de constituer un portefeuille complet de marques et de produits de cannabis canadiens.

High Tide Inc. (HITI) wurde zum zweiten Mal in Folge von der TSX Venture Exchange als eines der Top 50 Unternehmen ausgezeichnet und belegte 2024 den 21. Platz. Dies markiert das dritte Mal, dass das Unternehmen in dieser prestigeträchtigen Liste innerhalb von vier Jahren erscheint und gehört zu den nur zwei aufgenommenen Cannabisunternehmen.

Die Marke Canna Cabana des Unternehmens hat ein signifikantes Wachstum gezeigt, wobei ihr Treueprogramm über 1,7 Millionen Mitglieder erreicht hat. Als größte Cannabis-Einzelhandelskette Kanadas betreibt sie derzeit 192 Standorte in mehreren Provinzen. High Tide wurde konstant für ihr Wachstum anerkannt, darunter die Nominierung als eines der am schnellsten wachsenden Unternehmen Kanadas durch die Globe and Mail für vier aufeinanderfolgende Jahre und den ersten Platz in der Einzelhandelskategorie der Financial Times Liste der am schnellsten wachsenden Unternehmen in Amerika für 2023.

Das Unternehmen plant, in internationale Märkte zu expandieren, beginnend mit Deutschland, mit dem Ziel, ein umfassendes Portfolio kanadischer Cannabis-Marken und -Produkte aufzubauen.

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This Marks the Company's Third Time Making This Prestigious List in Four Years

CALGARY, AB, Feb. 19, 2025 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has been recognized by the TSX Venture Exchange (the "TSXV") as a Top 50 company for the second consecutive year. For 2024, High Tide achieved a ranking of 21 out of 50 and is one of only two cannabis companies to make the list. The TSX Venture 50 ranks the strongest companies on the TSX Venture Exchange by share price appreciation, trading volume amount, and market capitalization growth during 2024. More detailed results can be found at www.tsx.com/Venture50 

"I am thrilled to see High Tide make the list of the TSX Venture Exchange's top performing companies for the second consecutive year. This milestone reflects our team's continued hard work and the results of our laser-like focus on operations," said Raj Grover, Founder and Chief Executive Officer of High Tide.

"We continue to experience tremendous success in the domestic market here in Canada with the rapid expansion of our Canna Cabana brand resulting in customer loyalty soaring to new heights with the Cabana Club expanding to over 1.7 million members. We are excited to take this momentum to emerging international markets starting with Germany, with the goal of building the best and the broadest menu of Canadian cannabis brands and products," added Mr. Grover.

 ABOUT HIGH TIDE

High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant and is the second-largest cannabis retailer globally by store count1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:

Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 192 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in the world.

Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup.

Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.

Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more.

CBD: High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.

Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™.

Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2024 for the fourth consecutive year and was named as one of the top 10 performing diversified industries stocks in both 2022 and 2024 TSX Venture 50. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.

__________

1 As reported by ATB Capital Markets based on store counts as of February 6, 2025

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
High Tide Inc.
omar@hightideinc.com
403-770-3080

Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
vahan@hightideinc.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the Company's expansion into new markets, starting with Germany. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-recognized-as-a-top-50-company-by-the-tsx-venture-exchange-for-the-second-consecutive-year-302380451.html

SOURCE High Tide Inc.

FAQ

What ranking did High Tide (HITI) achieve in the 2024 TSX Venture 50 list?

High Tide ranked 21st out of 50 companies in the 2024 TSX Venture 50 list.

How many Canna Cabana retail locations does High Tide (HITI) currently operate?

High Tide operates 192 Canna Cabana locations across British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.

How many members are in High Tide's Cabana Club loyalty program?

The Cabana Club loyalty program has expanded to over 1.7 million members.

What is High Tide's (HITI) international expansion plan for 2024?

High Tide plans to expand into international markets, starting with Germany, focusing on building a portfolio of Canadian cannabis brands and products.

How many times has High Tide (HITI) made the TSX Venture 50 list?

High Tide has made the TSX Venture 50 list three times in four years, including two consecutive years (2023 and 2024).

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