High Tide to Announce First Quarter 2023 Financial Results

Rhea-AI Summary

High Tide Inc. (HITI) announced it will release its financial results for the quarter ending January 31, 2023, on March 17, 2023, after market close. The webcast to discuss these results will be held on March 20, 2023, at 11:30 AM ET, with CEO Raj Grover and CFO Sergio Patino leading the discussion. Additionally, the company granted 258,000 stock options and 706,250 restricted share units to employees and management. These grants are part of High Tide's efforts to align employee interests with shareholder value and retain key talent.

Positive

• Scheduled release of Q1 2023 financial results could attract investor interest.
• Stock options and restricted share units granted might enhance employee motivation and retention.

Negative

• None.

CALGARY, AB, Feb. 27, 2023 /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, said today that it will release its financial and operational results for the quarter ended January 31, 2023, after financial markets close on Friday, March 17, 2023. High Tide's first quarter 2023 financial and operational results will be available on SEDAR, EDGAR, and on the Company's website at https://hightideinc.com/invest.

Following the release of its first quarter 2023 financial and operational results, High Tide will host a webcast with Raj Grover, President and Chief Executive Officer, and Sergio Patino, Interim Chief Financial Officer, to discuss the Company's financial results and its plans for the rest of 2023, at 11:30 AM Eastern Time on Monday, March 20, 2023.

Webcast Link for High Tide Earnings Event:

https://events.q4inc.com/attendee/193203965
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Employee Stock Options Grant

In addition, High Tide announces the grant of 258,000 incentive stock options (the "Options") to various employees, consultants and management of the Company. Each Option is exercisable at the closing price of the Company's common shares listed on the TSX Venture Exchange (the "TSXV") based on the last trading day immediately prior to this press release, expires three years from the date of grant, and vests over a two-year period. Each Option is exercisable to purchase one common share of the Company and are being issued pursuant to the terms of the Company's Omnibus Plan, which became effective on June 2, 2022.

Grant of Restricted Share Units

The Company also announced that its Board of Directors has approved a grant of 706,250 restricted share units ("RSUs") to various employees, consultants and management of the Company pursuant to the Company's restricted share unit plan. Each RSU entitles the holder to acquire one common share of the Company upon vesting.

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. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:

Brick & Mortar Retail: Canna Cabana™ is the largest non-franchised cannabis retail chain in Canada, with 151 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and growing. Canna Cabana is also the first cannabis discount club retailer in Canada.

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

E-commerce Platforms: High Tide operates a suite of some of the world's most popular consumption accessories sites, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.

CBD: High Tide continues to cultivate the potential of CBD globally through Nuleafnaturals.com, FABCBD.com, and BlessedCBD.co.uk.

Wholesale Distribution: High Tide keeps the consumption accessories category stocked through wholesale solutions via Valiant™.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies in both 2021 and 2022 by Report on Business Magazine. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss High Tide's profile pages on SEDAR, EDGAR and on the Company's website at https://hightideinc.com/invest.

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.

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SOURCE High Tide Inc.

FAQ

When will High Tide's Q1 2023 financial results be released?

High Tide's Q1 2023 financial results will be released on March 17, 2023.

What time is High Tide's earnings webcast scheduled?

The earnings webcast is scheduled for March 20, 2023, at 11:30 AM ET.

What stock options were granted by High Tide?

High Tide granted 258,000 incentive stock options to various employees, consultants, and management.

How many restricted share units were granted by High Tide?

A total of 706,250 restricted share units were granted to employees, consultants, and management.

Where can I find High Tide's financial results?

High Tide's financial results will be available on SEDAR, EDGAR, and their website.