HITI

High Tide Inc. operates as a retail-focused cannabis company with an omnichannel presence across North America. Headquartered in Calgary, Alberta, the company owns and operates a network of branded retail cannabis stores, primarily under the Canna Cabana, Meta Cannabis Co., and NewLeaf Cannabis banners. High Tide operates over 150 retail locations across Canada and the United States, making it one of the largest non-franchised cannabis retailers by store count in North America. The company's business model extends beyond brick-and-mortar retail through its e-commerce platform, Grasscity.com, which serves as a global online retailer of consumption accessories and lifestyle products. High Tide also manufactures and distributes smoking accessories through its wholly-owned subsidiaries. The company has pursued an aggressive expansion strategy through both organic growth and strategic acquisitions, including the purchases of Fab Brands, NuLeaf Naturals, and several regional retail chains. High Tide generates revenue through direct cannabis sales to adult consumers, online accessory sales, and wholesale distribution of proprietary and third-party products. The company maintains a membership-based customer loyalty program called Cabana Club, which boasts hundreds of thousands of active members. High Tide distinguishes itself through vertical integration, combining retail operations with accessory manufacturing and e-commerce capabilities to create multiple revenue streams within the cannabis ecosystem.