High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITIF) (Frankfurt: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of smoking accessories, is pleased to announce that it has filed a Form 40-F Registration Statement (“Form 40-F”) with the United States Securities and Exchange Commission (the “SEC”), fulfilling a significant milestone in the process for High Tide to list its common shares on The Nasdaq Stock Market LLC (“Nasdaq”). A copy of the Form 40-F is available on the Company’s website at www.hightideinc.com.
“We were the first Canadian cannabis retailer to pursue this prestigious listing on Nasdaq and we believe it will allow us to greatly expand our shareholder base, enhance shareholder value and accelerate our already aggressive M&A initiatives in Canada, Europe and the United States,” said Raj Grover, President and Chief Executive Officer of High Tide. “We are currently in several discussions with potential acquisition targets in these jurisdictions and look forward to updating the market soon,” added Mr. Grover.
The listing of the Company’s common shares on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements, including the effectiveness of the Form 40-F.
High Tide’s common shares will continue to trade on the OTCQB under the ticker symbol HITIF until Nasdaq approval and up listing. High Tide’s common shares will continue to trade on the TSX Venture Exchange (“TSXV”) under the ticker symbol “HITI” post-Nasdaq up listing. There can be no assurance, however, that Nasdaq approval will be received.
Following receipt of all required approvals, the Company will issue a press release announcing its first trading date on Nasdaq.
Release of First Quarter 2021 Financial Results
The Company will release its financial and operational results for the quarter ended January 31, 2021 after market close on April 1, 2021. High Tide’s first quarter 2021 financial and operational results will be available on SEDAR and on the Company’s website at www.hightideinc.com/invest.
Following the release of its first quarter 2021 financial and operational results, High Tide will host a conference call with Raj Grover, President and Chief Executive Officer, and Rahim Kanji, Chief Financial Officer, at 5:00 PM Eastern Time on April 1, 2021. The conference call will discuss High Tide’s first quarter 2021 financial and operational results and updates on the Company’s plans for 2021.
Dial-In Information
US/CANADA Participant Toll-Free Dial-In Number: (833) 570-1148
US/CANADA Participant International Dial-In Number: (914) 987-7095
Conference ID: 5128837
In order to join the conference call, all speakers and participants will be required to provide the Conference ID listed above.
Encore Replay Information (Available until April 8, 2021)
Toll-Free Encore Dial-In Number: (855) 859-2056
Encore Dial-In Number: (404) 537-3406
Conference ID: 5128837
In addition to the toll-free number listed above, participants can also dial (800) 585-8367 to access Encore.
