/NOT FOR DISTRIBUTION TO NEWSWIRE Solutions IN THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION Could CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./
The Company’s quantity of branded retail shops promoting recreational cannabis is anticipated to attain 25 areas across Canada by mid-September
CALGARY, Sept. 12, 2019 /CNW/ – Higher Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt: 2LY), an Alberta-primarily based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis life style items, now announced that the Canna Cabana retail retailer positioned in Unit #two at 512 St. Albert Trail in St. Albert (the “St. Albert Retailer“) received its initial delivery of cannabis items from Alberta Gaming, Liquor and Cannabis (“AGLC”). The Corporation has also leased a two,160 square foot retail space positioned in Unit #L08/09 at 215 Banff Avenue, which is topic to Parks Canada approval but is authorized for a retail cannabis retailer by the municipal improvement permit in hand (the “Banff Store”).
Higher Tide at the moment has 24 branded Canna Cabana areas promoting recreation cannabis items across Canada, inclusive of the St. Albert Retailer positioned adjacent to northwest Edmonton. “The St. Albert Retailer will get started promoting recreational cannabis items and accessories on Friday, September 13th, with grand opening festivities taking location on Saturday, September 14th,” mentioned Raj Grover, President and Chief Executive Officer of Higher Tide. “We are also excited to have organically secured a amazing retail place on Banff Avenue – the major industrial street in the planet-popular town. This is a significant achievement for Canna Cabana as more than four million vacationers take a look at Banff on an annual basis,” added Mr. Grover.
With the opening of the initial KushBar place shortly, the Corporation will quickly have 25 branded retail cannabis areas across Canada, barring any alterations to the present price of licensing by AGLC. The remaining Canna Cabana and KushBar shops necessary to reach the AGLC’s maximum of 15% marketplace share are at the moment below a variety of stages of improvement and building. Outdoors of Alberta, Higher Tide at the moment has a Canna Cabana retail cannabis retailer in Swift Existing, Saskatchewan, along with three branded areas in Hamilton, Sudbury and Toronto, Ontario.
About Higher Tide Inc.
Higher Tide Inc. (CSE:HITI) (OTCQB:HITIF) (Frankfurt: 2LY) is an Alberta-primarily based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis life style items. It is a vertically-integrated business in the Canadian cannabis marketplace, with portfolio subsidiaries such as RGR Canada Inc., Popular Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. Higher Tide’s technique as a parent business is to extend and strengthen its integrated worth chain, whilst delivering a comprehensive consumer practical experience and maximizing shareholder worth. Essential business investors in Higher Tide include things like Aphria Inc. (TSX: APHA) (NYSE: APHA), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and FSD Pharma Inc. (CSE: Enormous) (OTC: FSDDF) (FRA: 0K9).
Representing the core of Higher Tide’s business enterprise, RGR Canada Inc. is a higher-high-quality and revolutionary designer, manufacturer and distributor of cannabis accessories. Popular Brandz Inc. is a dominant manufacturer of licensed life style accessories, by means of partnerships with celebrities and entertainment firms such as Snoop Dogg and Paramount Images. Popular Brandz’ items are sold to wholesalers and retailers about the planet. Founded in 2009 and authorized by the Canadian Franchise Association, Smoker’s Corner Ltd. is amongst Canada’s biggest counter-culture chains with 13 areas. Kush West Distribution is in the method of becoming a cannabis wholesaler in the province of Saskatchewan. Primarily based in Amsterdam given that 2000, Grasscity.com is the world’s preeminent and most searchable on the internet retailer of smoking accessories and cannabis life style items with roughly five.eight million internet site visits annually. With the deregulation of recreational cannabis for adult use across Canada, Canna Cabana Inc. and its 24 branded shops, is in the method of becoming a sizeable retail brand with a sophisticated but playful consumer practical experience, whilst KushBar Inc. is a retail cannabis notion that will also be focused on valued customers in Alberta and Ontario.
Particular statements in this news release are forward-searching facts or forward-searching statements. Such facts and statements, referred to herein as “forward-searching statements” are created as of the date of this news release or as of the date of the efficient date of facts described in this news release, as applicable. Forward-searching statements relate to future events or future functionality and reflect present estimates, predictions, expectations or beliefs concerning future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or functionality (usually, forward-searching statements can be identified by use of words such as “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “projects”, “estimates”, “envisages, “assumes”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or stating that specific actions, events or outcomes “may”, “can”, “could”, “would”, “might”, or “will” be taken, happen or be accomplished, or the adverse of any of these terms or comparable expressions, and other comparable terminology) are not statements of historical truth and may well be forward-searching statements.
Such forward-searching statements are primarily based on assumptions that may well prove to be incorrect, such as but not restricted to the capability of Higher Tide to execute on its business enterprise program and that Higher Tide will get 1 or a number of licenses from Alberta Gaming, Liquor & Cannabis, British Columbia’s Liquor Distribution Branch, Liquor, Gaming and Cannabis Authority of Manitoba, Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana Inc. and KushBar Inc. companies. High Tide considers these assumptions to be affordable in the situations. Nonetheless, there can be no assurance that any 1 or far more of the government, business, marketplace, operational or monetary targets as set out herein will be accomplished. Inherent in the forward-searching statements are identified and unknown dangers, uncertainties and other aspects that could result in actual outcomes, functionality or achievements, or business outcomes, to differ materially from any outcomes, functionality or achievements expressed or implied by such forward-searching statements.
The forward‐looking statements contained herein are present as of the date of this news release. Except as necessary by law, Higher Tide does not have any obligation to advise any individual if it becomes conscious of any inaccuracy in or omission from any forward-searching statement, nor does it intend, or assume any obligation, to update or revise these forward-searching statements to reflect new events or situations. Any and all forward-searching statements integrated in this news release are expressly certified by this cautionary statement, and except as otherwise indicated, are created as of the date of this news release.
Supply Higher Tide Inc.