Excessive Tide Opens First Canna Cabana Location in British Columbia

Revealed: Jul. 13, 2022 at 6:00 AM EDT|Up to date: half-hour in the past

CALGARY, AB, July 13, 2022 /PRNewswire/ – Excessive Tide Inc. (“Excessive Tide” or the “Firm“) (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a number one retail-focused hashish firm with bricks-and-mortar in addition to world e-commerce belongings, introduced in the present day that its Canna Cabana retail hashish retailer positioned at 10027 100 Avenue in Fort St. John, British Columbia will start promoting leisure hashish merchandise and consumption equipment for grownup use at 4:20 PM native time in the present day. This opening will characterize Excessive Tide’s 128th branded retail location throughout Canada, and 1st in British Columbia, promoting leisure hashish merchandise and consumption equipment. The shop might be Excessive Tide’s first location within the Peace River Area of British Columbia, inside which Fort. St John is the most important municipality. It’s positioned within the centre of town, near quite a few companies, and is simply minutes away from the Alaska Freeway, which brings residents and guests into town.

“Our first natural retailer opening in British Columbia is a much-awaited and really optimistic milestone for Excessive Tide. That is the results of many months of laborious work by our workforce as we navigated the regulatory course of to enter the province. I’m excited that we lastly have the chance to deliver our progressive low cost membership mannequin, which has been a confirmed hit with our clients within the 4 provinces the place we already function, to British Columbia,” stated Raj Grover, President and Chief Government Officer of Excessive Tide. “Mixed with final week’s introduced acquisition of two working retail hashish shops in Vancouver by means of the Choom BC retailer portfolio, we’re getting into the province in an enormous manner and are already nearly midway to the provincial retailer cap. With this foothold in British Columbia, I anticipate that we can develop shortly by means of each natural progress and strategic acquisitions, placing us ready to succeed in the cap of 8 shops within the coming months,” added Mr. Grover.

Excessive Tide is a number one retail-focused hashish firm with bricks-and-mortar in addition to world e-commerce belongings. The Firm is the most important Canadian retailer of leisure hashish as measured by income, with 128 present areas spanning Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The Firm can be North America’s first hashish low cost membership retailer, underneath the Canna Cabana banner, which is the single-largest hashish retail model in Canada with further areas underneath growth throughout the nation. Excessive Tide’s portfolio additionally contains retail kiosk and good locker expertise – Fastendr™. Excessive Tide has been serving shoppers for over a decade by means of its established e-commerce platforms together with Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and extra not too long ago within the hemp-derived CBD house by means of Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk,, BlessedCBD.de, and Amazon UK, in addition to its wholesale distribution division underneath Valiant Distribution, together with the licensed leisure product producer Well-known Brandz. Excessive Tide was featured within the third annual Report on Enterprise Journal’s rating of Canada’s High Rising Firms in 2021 and was named as one of many high 10 performing diversified industries shares within the 2022 TSX Enterprise 50™. Excessive Tide’s technique as a mother or father firm is to increase and strengthen its built-in worth chain, whereas offering an entire buyer expertise and maximizing shareholder worth.

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

For extra details about Excessive Tide Inc., please go to www.hightideinc.com, its profile web page on SEDAR at www.sedar.com, and its profile web page on EDGAR at www.sec.gov.

Sure statements on this information launch are forward-looking info or forward-looking statements. Such info and statements, referred to herein as “forward-looking statements” are made as of the date of this information launch or as of the date of the efficient date of knowledge described on this information launch, as relevant. Ahead-looking statements relate to future occasions or future efficiency and replicate present estimates, predictions, expectations or beliefs relating to future occasions. Any statements that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, aims, assumptions or future occasions or efficiency (usually, forward-looking statements might be recognized by use of phrases resembling “outlook”, “expects”, “intend”, “forecasts”, “anticipates”, “plans”, “tasks”, “estimates”, “envisages, “assumes”, “wants”, “technique”, “objectives”, “aims”, or variations thereof, or stating that sure actions, occasions or outcomes “might”, “can”, “may”, “would”, “would possibly”, or “will” be taken, happen or be achieved, or the unfavourable of any of those phrases or comparable expressions, and different comparable terminology) will not be statements of historic truth and could also be forward-looking statements.

Such forward-looking statements are based mostly on assumptions that will show to be incorrect, together with however not restricted to the power of Excessive Tide to execute on its marketing strategy and that Excessive Tide will obtain one or a number of licenses from Alberta Gaming, Liquor & Hashish, British Columbia’s Liquor Distribution Department, Liquor, Gaming and Hashish Authority of Manitoba, Alcohol and Gaming Fee of Ontario or the Saskatchewan Liquor and Gaming Authority allowing it to hold on its Canna Cabana Inc. enterprise. Excessive Tide considers these assumptions to be affordable within the circumstances. Nonetheless, there might be no assurance that anybody or extra of the federal government, business, market, operational or monetary targets as set out herein might be achieved. Inherent within the forward-looking statements are identified and unknown dangers, uncertainties and different components that might trigger precise outcomes, efficiency or achievements, or business outcomes, to vary materially from any outcomes, efficiency or achievements expressed or implied by such forward-looking statements.

The ahead‐wanting statements contained herein are present as of the date of this information launch. Besides as required by regulation, Excessive Tide doesn’t have any obligation to advise any particular person if it turns into conscious of any inaccuracy in or omission from any forward-looking assertion, nor does it intend, or assume any obligation, to replace or revise these forward-looking statements to replicate new occasions or circumstances. Any and all forward-looking statements included on this information launch are expressly certified by this cautionary assertion, and besides as in any other case indicated, are made as of the date of this information launch.

This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the US of America. The securities haven’t been and won’t be registered underneath the US Securities Act of 1933 (the “1933 Act”) or any state securities legal guidelines and is probably not supplied or offered inside the US or to U.S. Individuals (as outlined within the 1933 Act) until registered underneath the 1933 Act and relevant state securities legal guidelines, or an exemption from such registration is obtainable.

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SOURCE Excessive Tide Inc.

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