- High Tide becomes the first major publicly traded cannabis retailer to announce it has been approved to trade on Nasdaq.
- High Tide shares expected to begin trading on Nasdaq on June 2nd, 2021
- High Tide has received approval from Nasdaq to list its common shares for trading under the symbol “HITI”
CALGARY, May 28th, 2021 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITID) (FRA:2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that the Company’s application to list its common shares (“Shares”) on the Nasdaq Capital Market (“Nasdaq”) has been approved. The Company’s Shares are expected to begin trading on Nasdaq under the ticker symbol “HITI” on June 2nd, 2021.
High Tide will also retain its listing on the TSX Venture Exchange under the symbol “HITI”. The ticker used for High Tide’s Shares traded on the OTC Markets quotation system under the current symbol “HITID” will seamlessly transfer to the new ticker symbol “HITI” on the first day of trading on Nasdaq.
“I am immensely proud that less than three years after its inception High Tide will become the first major publicly traded cannabis retailer to be listed on Nasdaq. This listing makes our shares more accessible to a larger audience of both retail and institutional investors and enhances our ability to pursue larger M&A targets,” said Raj Grover, President and Chief Executive Officer of High Tide. “I want to thank all of our shareholders for their patience and the confidence they have shown in our team as we have been working through the approvals process. Listing our shares on Nasdaq is not an end in itself, rather it marks the beginning of a new chapter for High Tide, and I am confident that our team will continue to keep executing and driving value for our shareholders – now on a grander scale,” added Mr. Grover.
The Company’s listing on Nasdaq remains subject to satisfaction of all applicable listing and regulatory requirements, including, but not limited to, the declaration of effectiveness of the Company’s Form 40-F Registration Statement registering the Common Shares with the United States Securities and Exchange Commission (the “SEC”). The Company has already completed the process to ensure its Shares are eligible for electronic clearing and settlement through the Depository Trust Company (DTC).
