UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2024
Commission File Number: 001-40258
HIGH TIDE INC.
(Registrant)
11127 - 15 Street N.E., Unit 112
Calgary, Alberta
Canada T3K 2M4
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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HIGH TIDE INC.
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(Registrant)
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Date: January 26, 2024
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By
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/s/ Raj Grover
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Raj Grover
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President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit
99.1
High Tide To Open First Canna Cabana Store in
Fort McMurray, Alberta
CALGARY, AB, Jan. 26, 2024 /CNW/ - 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, announced today that its Canna Cabana retail cannabis
store located at 118 Millennium Drive, Fort McMurray will begin selling recreational cannabis products and consumption accessories for
adult use tomorrow, January 27, 2024. This opening will mark High Tide's 163rd Canna Cabana-branded retail cannabis location in Canada,
the 79th in the province of Alberta, and the first in the Regional Municipality of Wood Buffalo.
Fort McMurray is considered to be the heart of Alberta's
oil and gas production and is the major population centre for the Regional Municipality of Wood Buffalo. It is home to thousands of Canadians
from across the country who travel to Fort McMurray to work in Alberta's lucrative oil sands industry. With a population of approximately
100,000, Wood Buffalo is the 6th most populous municipality in the province. This brand-new Canna Cabana is the first location in Fort
McMurray. It is located in the Timberlea shopping plaza, a major retail power center on the north side of the Municipality. Situated off
two of the main local roadways, this Canna Cabana is surrounded by a mix of high-density, multi-family and single-family residences.
"I am thrilled to announce the opening of our
first store in Fort McMurray, which is the beating heart of Alberta's oil and gas industry. We believe that this strategically located,
first Canna Cabana store in Fort Mac is poised for great success and should perform above our provincial average, especially given the
fact that its population is made up of a large percentage of highly paid oil sands workers," said Raj Grover, Founder and Chief Executive
Officer of High Tide.
"Even though we are already the largest cannabis
retailer in Alberta, we continue to find new and exciting markets and opportunities to expand within our home province. Our innovative
discount club model is quickly becoming a household name for all things cannabis across Canada, as seen through our rapidly growing membership
numbers, which exceeded 1.2 million as of our third fiscal quarter disclosure. We look forward to welcoming new ELITE and Cabana Club
members in this exciting new market," added Mr. Grover.
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:
Bricks & Mortar Retail: Canna Cabana™
is the largest non-franchised cannabis retail chain in Canada, with 163 current locations spanning British Columbia, Alberta, Saskatchewan,
Manitoba and Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in North America.
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 leading accessory sites across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
CBD: High Tide continues to cultivate the possibilities
of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that
cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis
culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.
High Tide consistently moves ahead of the currents,
having been named one of Canada's Top Growing Companies in 2021, 2022 and 2023 by the Globe and Mail's Report on Business Magazine and
was ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover
the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+
and EDGAR.
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking
information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the
words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information
and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements
herein include, but are not limited to, statements regarding: the timing of our new location beginning to sell recreational cannabis products
and consumption accessories for adult use, the expected benefits of the store location, and our commitment to opening future stores in
prime power centre locations and the expansion of our discount club model. Readers are cautioned to not place undue reliance on forward-looking
information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes
that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions
concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond
the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors"
in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from
time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's
expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or
to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable
law.
CONTACT INFORMATION
Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
High Tide Inc.
omar@hightideinc.com
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
vahan@hightideinc.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-to-open-first-canna-cabana-store-in-fort-mcmurray-alberta-302045215.html
SOURCE High Tide Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2024/26/c0672.html
%CIK: 0001847409
CO: High Tide Inc.
CNW 06:00e 26-JAN-24
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