CALGARY, April 30, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (FRA:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, announced that, as of Monday, April 29, 2019, its stock symbol on the OTCQB Market has been successfully changed to “HITIF” by the OTC Corporate Actions group at the Financial Industry Regulatory Authority (“FINRA”). The Company’s common shares continue to be listed on the Canadian Securities Exchange under the ticker symbol “HITI” and on the Frankfurt Stock Exchange under the stock symbol “2LY”.
FINRA is a not-for-profit organization authorized by the United States Congress to protect investors by making sure the broker-dealer industry operates fairly and honestly. The organization is dedicated to investor protection and market integrity through effective and efficient regulation of broker-dealers. The OTCQB market is considered an Established Public Market by the United States Securities and Exchange Commission (“SEC”) for the purpose of determining the public market price when registering securities for resale with the SEC in equity line financings. Companies on the OTCQB verify via an annual OTCQB Certification that their company information is current, including information about its reporting status, profile, information about management and the board, major shareholders, law firms, transfer agents and more.
High Tide is a rapidly growing enterprise with existing retail cannabis operations and ongoing projects in multiple provinces across Canada. In Alberta, High Tide continues to operate 11 existing Canna Cabana retail stores and advance the next 25 locations that are under various stages of development and construction. In Ontario, two Canna Cabana-branded retail cannabis locations in Hamilton and Sudbury were opened on April 20th and both are performing strongly in each market. In Saskatchewan, the Company is progressing through the necessary steps to complete two pending retail cannabis acquisitions in the short term. Lastly, across Alberta, British Columbia and Nova Scotia the Company has 13 Smoker’s Corner accessories shops, of which five are corporately owned and eight are franchises.
About High Tide Inc.
High Tide is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. 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. Key industry investors in High Tide include Aphria Inc. (TSX: APHA) (NYSE: APHA), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (FRA: 21P) and FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9).
Representing the core of High Tide’s business, RGR Canada Inc. is a high-quality and innovative designer, manufacturer and distributor of cannabis accessories. Famous Brandz Inc. is a dominant manufacturer of licensed lifestyle accessories, through partnerships with celebrities and entertainment companies including Snoop Dogg and Paramount Pictures. Famous Brandz’ products are sold to wholesalers and retailers around the world. Founded in 2009 and approved by the Canadian Franchise Association, Smoker’s Corner Ltd. is among Canada’s largest counter-culture chains with 13 locations. Kush West Distribution is in the process of becoming a cannabis wholesaler in the province of Saskatchewan. Based in Amsterdam since 2000, Grasscity.com is the world’s preeminent and most searchable online retailer of smoking accessories and cannabis lifestyle products with approximately 5.8 million site visits annually. With the deregulation of recreational cannabis for adult use across Canada, Canna Cabana Inc., with 13 currently-branded locations, is in the process of becoming a sizeable retail brand with a sophisticated yet playful customer experience, while KushBar Inc. is a retail concept that will also be focused on the valued Canadian cannabis consumer.