Company Receives Seven Award Nominations in
Total
CALGARY,
AB, June 2, 2022 /CNW/ - High Tide Inc. ("High
Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA) a
leading retail-focused cannabis company with bricks-and-mortar as
well as global e-commerce assets, is proud to announce that it's
President and CEO, Raj Grover, was named Cannabis Person of the
Year at the O'Cannabiz Industry Awards Gala, a national annual
event that recognizes excellence and innovation in the cannabis
industry, last night in Toronto.
According to event organisers, the Cannabis Person of the
Year award 'honours an individual's exemplary service and
dedication to our ever-changing industry, this person makes a true
global difference and stands well above the crowd, bringing their
strength and leadership to our vital and changing industry.'
"I am truly humbled and honoured to be named Cannabis Person of
the Year but this recognition is one I can't accept alone. High
Tide's success is due to the tireless work and dedication of our
team members and the loyalty of our customers, which is evidenced
by the fact that we are the largest non-franchised cannabis
retailer in Canada," said Raj
Grover, President and Chief Executive Officer of High Tide. "I also
want to congratulate all nominees across the various categories -
you are all winners who have helped shape and grow our industry
through turbulent times. High Tide's success is built not only upon
our diversified cannabis ecosystem, but also the diversity of our
leadership team. Social equity and corporate social responsibility
are core to what we are trying to build at High Tide. I want to
reiterate my commitment to being a champion for these causes within
the broader cannabis sector," added Mr. Grover.
Along with Cannabis Person of the Year, High Tide leadership and
subsidiaries received seven nominations, including Canna Cabana
(Best Customer Service and Best Retail Chain), Fastendr™ (Best
Innovative Technology) and recognition of Senior Vice President of
Corporate & Public Affairs Omar
Khan's government lobbying on the cannabis file (Best
Activist/Advocate of the Year).
ABOUT RAJ GROVER
Since starting his first company at the age of 22, Raj has
established himself as one of Canada's foremost business strategists and
deal makers. Through organic growth and strategic acquisitions, Raj
has grown High Tide from one small shop of 2 employees in 2009,
into one of Canada's largest
cannabis retailers with over 1,100 amazing team members and
business interests spanning North
America and Europe.
ABOUT HIGH TIDE
HighTide is a leading retail-focused cannabis company with
bricks-and-mortar as well as global e-commerce assets. The Company
is the largest Canadian retailer of recreational cannabis as
measured by revenue, with 124 current locations spanning
Ontario, Alberta, Manitoba, and Saskatchewan. High Tide was featured in the
third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021 and was
named as one of the top 10 performing diversified industries stocks
in the 2022 TSX Venture 50™. The Company is also North America's first and only cannabis
discount club retailer, featuring Canna Cabana, Meta Cannabis Co.,
and Meta Cannabis Supply Co. banners, with additional locations
under development across the country. High Tide's portfolio also
includes retail kiosk and smart locker technology – Fastendr™. High
Tide has been serving consumers for over a decade through its
established e-commerce platforms including Grasscity.com,
Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more
recently in the hemp-derived CBD space through Nuleafnaturals.com,
FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its
wholesale distribution division under Valiant Distribution,
including the licensed entertainment product manufacturer Famous
Brandz. 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more information about High Tide Inc., please visit
www.hightideinc.com, its profile page on SEDAR at www.sedar.com,
and its profile page on EDGAR at www.sec.gov.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking
information or forward-looking statements. Such information and
statements, referred to herein as "forward-looking statements" are
made as of the date of this news release or as of the date of the
effective date of information described in this news release, as
applicable. Forward-looking statements relate to future events or
future performance and reflect current estimates, predictions,
expectations or beliefs regarding future events. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (generally, forward-looking
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 certain actions, events or results "may", "can",
"could", "would", "might", or "will" be taken, occur or be
achieved, or the negative of any of these terms or similar
expressions, and other similar terminology) are not statements of
historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that
may prove to be incorrect, including but not limited to the ability
of High Tide to execute on its business plan and that High Tide
will receive one or multiple 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. business. High Tide considers these
assumptions to be reasonable in the circumstances. However, there
can be no assurance that any one or more of the government,
industry, market, operational or financial targets as set out
herein will be achieved. Inherent in the forward-looking statements
are known and unknown risks, uncertainties and other factors that
could cause actual results, performance or achievements, or
industry results, to differ materially from any results,
performance or achievements expressed or implied by such
forward-looking statements.
The forward‐looking statements contained herein are current
as of the date of this news release. Except as required by law,
High Tide does not have any obligation to advise any person if it
becomes aware of any inaccuracy in or omission from any
forward-looking statement, nor does it intend, or assume any
obligation, to update or revise these forward-looking statements to
reflect new events or circumstances. Any and all forward-looking
statements included in this news release are expressly qualified by
this cautionary statement, and except as otherwise indicated, are
made as of the date of this news release.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy any of the securities in
the United States of America. The
securities have not been and will not be registered under the
United States Securities Act of 1933 (the "1933 Act") or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons (as
defined in the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such
registration is available.
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SOURCE High Tide Inc.