<SEC-DOCUMENT>0001279569-22-000331.txt : 20220303
<SEC-HEADER>0001279569-22-000331.hdr.sgml : 20220303
<ACCEPTANCE-DATETIME>20220303124940
ACCESSION NUMBER:		0001279569-22-000331
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220303
FILED AS OF DATE:		20220303
DATE AS OF CHANGE:		20220303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			High Tide Inc.
		CENTRAL INDEX KEY:			0001847409
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40258
		FILM NUMBER:		22707554

	BUSINESS ADDRESS:	
		STREET 1:		#112, 11127 15TH STREET NE
		CITY:			CALGARY, AB
		STATE:			Z4
		ZIP:			T3K 2M4
		BUSINESS PHONE:		855-747-6420

	MAIL ADDRESS:	
		STREET 1:		#112, 11127 15TH STREET NE
		CITY:			CALGARY, AB
		STATE:			Z4
		ZIP:			T3K 2M4
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>hightide6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<head>
    <title>High Tide Inc.: Form 6-K - Filed by newsfilecorp.com</title>
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<body style="font-size:10pt; font-family:'Times New Roman';">
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<!-- Field: Rule-Page --><div style="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><div style="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 2pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff">&nbsp;</p>

<p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff">&nbsp;</p>

<p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff"><b><font size="5">UNITED STATES</font></b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b><font size="5">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;"><b>Washington, D.C. 20549</b></p>

    <p style="text-align: center; background-color: #ffffff;"><b><font size="5">FORM 6-K</font></b></p>

    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>REPORT OF FOREIGN PRIVATE ISSUER</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>PURSUANT TO RULE 13a-16 OR 15d-16</b></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;"><b>OF THE SECURITIES EXCHANGE ACT OF 1934</b></p>
    <p style="text-align: center; background-color: #ffffff;"><b>For the month of March 2022</b></p>
    <p style="text-align: center; background-color: #ffffff;"><b>Commission File Number: 001-40258</b></p>

    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b><font size="5">HIGH TIDE INC.</font></b></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;"><b>(Registrant)</b></p>

    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>11127 - 15 Street N.E., Unit 112</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>Calgary, Alberta</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>Canada T3K 2M4 </b></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;"><b>(Address of Principal Executive Offices)</b></p>

    <p style="background-color: #ffffff; text-align: justify;">Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p>
    <p style="text-align: center; background-color: #ffffff;">Form 20-F&#160; &#9744;&#160; &#160; &#160; &#160; &#160; &#160; Form 40-F&#160; &#9746;</p>
    <p style="background-color: #ffffff; text-align: justify;">Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&#160; &#9744;</p>
    <p style="background-color: #ffffff; text-align: justify;">Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&#160; &#9744;</p>
    <p style="text-align: center; background-color: #ffffff;">&nbsp;</p>

<p style="text-align: center; background-color: #ffffff"></p>

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<p style="text-indent: 28.35pt; text-align: justify; background-color: #ffffff">&nbsp;</p>

<p style="text-indent: 28.35pt; text-align: justify; background-color: #ffffff"></p>

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<p style="text-indent: 28.35pt; text-align: justify; background-color: #ffffff">&nbsp;</p>

<p style="text-indent: 28.35pt; text-align: justify; background-color: #ffffff">&nbsp;</p>

<p style="text-indent: 28.35pt; text-align: justify; background-color: #ffffff"></p>

<p style="text-align: center; background-color: #ffffff"><u><b>SIGNATURES</b></u></p>
    <p style="text-align: justify;">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.</p>
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            <td style="width: 45.92%; vertical-align: middle; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="width: 0.92%; vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="width: 3.92%; vertical-align: middle; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="width: 2.5%; vertical-align: middle; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="width: 0.92%; vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="width: 44.92%; vertical-align: middle; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;" colspan="3">
                <p><b>HIGH TIDE INC.</b></p>
            </td>
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            <td style="vertical-align: top; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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                <p>(Registrant)</p>
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                <p>&#160;</p>
            </td>
            <td style="vertical-align: middle; background-color: #ffffff;" colspan="2">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: middle; background-color: #ffffff;" colspan="2">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: middle; background-color: #ffffff;" colspan="2">
                <p>&#160;</p>
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            <td style="vertical-align: top; background-color: #ffffff;">
                <p>Date: March 3, 2022</p>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>By</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p style="border-bottom: 0.75pt solid #000000;">/s/ Raj Grover</p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>Raj Grover</p>
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            <td style="vertical-align: top; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>President and Chief Executive Officer</p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
            </td>
        </tr>
    </table>




<p style="text-align: center"><u><b></b></u></p>

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<p style="text-align: center"><u><b></b></u></p>

<p style="text-align: center"></p>

<p style="text-align: center"><u><b>EXHIBIT INDEX</b></u></p>
    <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt">
        <tr style="background-color: White">
            <td style="border-bottom: #000000 0.75pt solid; vertical-align: bottom; width: 7%"><font style="font-size: 8pt"><b>Exhibit</b></font></td>
            <td style="vertical-align: bottom; width: 5%"><font style="font-size: 8pt">&#160;</font></td>
            <td style="border-bottom: #000000 0.75pt solid; vertical-align: bottom"><font style="font-size: 8pt"><b>Description of Exhibit</b></font></td>
        </tr>
        <tr>
            <td style="vertical-align: middle">
                <p>&#160;</p>
            </td>
            <td style="vertical-align: middle;" colspan="2">
                <p>&#160;</p>
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        </tr>
        <tr style="background-color: rgb(204,238,255)">
            <td style="vertical-align: top">
                <p><a href="ex991.htm">99.1</a></p>
            </td>
            <td style="vertical-align: bottom">&#160;</td>
            <td style="vertical-align: top">
                <p><a href="ex991.htm">Press Release dated March 3,  2022 - High Tide to Acquire Crossroads Cannabis, Adding Four Established Cannabis
Retail Stores in Ontario</a></p>
            </td>
        </tr>
    </table>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED MARCH 3, 2022
<TEXT>
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><IMG SRC="image_001.jpg" ALT=""></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">High Tide to Acquire Crossroads Cannabis, Adding
Four Established Cannabis Retail Stores in Ontario</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This news release constitutes a &quot;designated
news release&quot; for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short form base shelf prospectus
dated April 22, 2021.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CALGARY, AB, March 3, 2022 /CNW/ - High Tide Inc.
(&quot;<B>High Tide</B>&quot; or the &quot;<B>Company</B>&quot;) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis
company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that it is taking yet another step to expand
its bricks-and-mortar retail cannabis operations, by entering into a definitive agreement (the &quot;<B>Acquisition Agreement</B>&quot;)
pursuant to which High Tide will acquire four operating retail cannabis stores in Ontario (the &quot;<B>Stores</B>&quot;) under the name
Crossroads Cannabis (&quot;<B>Crossroads</B>&quot;), for CAD$2.5 Million (the &quot;<B>Transaction</B>&quot;). The Stores are located
in Stratford, Woodstock, Hanover and Markdale. The Stratford store is located in a retail plaza anchored by a national discount grocery
chain. The Woodstock store is located in a shopping centre anchored by a large national home improvement store. The Hanover store is located
in a power centre with numerous anchors including national grocery and big box retail chains. The Markdale store is well-located immediately
beside the provincial liquor retailer. For the three months ended December 31, 2021, Crossroads generated annualized revenue of CAD$7.6
Million and annualized Adjusted EBITDA<SUP>1</SUP> of CAD$0.7 Million. The purchase price represents 3.5x annualized Adjusted EBITDA for
the three months ended December 31, 2021.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;Since its inception, Crossroads has been a very
popular cannabis retail brand in the communities that it serves. The Stratford Crossroads location was the first to open in the city and
has meaningful levels of goodwill from early customers in the community.&quot; said Raj Grover, President and Chief Executive Officer
of High Tide. &quot;As consolidation in the Canadian retail cannabis space has picked up steam, we have become the acquirer of choice.
This has allowed us to be strategic in determining where to expand within Ontario, bringing our innovative discount club model to communities
which we have not yet been able to serve directly. The pandemic has resulted in longer lead times to open stores organically, and by consolidating
the retail landscape through accretive acquisitions, we are keeping up the momentum of overall store expansion. We expect to announce
more retail store acquisitions in the near term as we move towards our goal of reaching 150 stores by the end of calendar 2022. I would
like to give a warm welcome to the Crossroads team as they join the High Tide family,&quot; added Mr. Grover.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;As I observed how the retail market has matured
in Ontario, it became crystal clear to me that consolidation would be the path to true longevity. I recognized the exceptional foresight
and leadership in Raj and his committed team, and I'm delighted to now be associated with High Tide and Canna Cabana's future growth and
success,&quot; said Robert Rowe, Sole Proprietor of Crossroads.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font: 7.5pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">_______________________</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; padding-left: 6pt; font: 7.5pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>1 </SUP>Adjusted EBITDA is a non-IFRS financial measure.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>TRANSACTION DETAILS</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Transaction, which is an arm's length transaction,
is subject to, among other things, receipt of required TSX Venture Exchange (&quot;<B>TSXV</B>&quot;) approval, Alcohol and Gaming Commission
of Ontario approval, and other customary conditions of closing, is expected to close in the coming weeks. The consideration (the &quot;<B>Consideration</B>&quot;)
for the Stores being acquired will be CAD$2.5 Million paid in common shares of High Tide (&quot;<B>High Tide Shares</B>&quot;) on the
closing of the Transaction (the &quot;<B>Closing</B>&quot;) on the basis of a deemed price per High Tide Share equal to the volume weighted
average price per High Tide Share on TSXV for the 10 consecutive trading days preceding Closing. On Closing the stores will include $285,000
of inventory. The purchase price represents 3.5x annualized Adjusted EBITDA<SUP>1</SUP> for the three months ended December 31, 2021.
Including the Crossroads Stores, following Closing, High Tide will have at least 37 stores in Ontario and 115 stores nationwide.&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The High Tide Shares issued pursuant to the Consideration
will be subject to a statutory hold period of four months and one day from Closing.&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Separately, the Company has now issued the shares
that were disclosed in its press release dated February 18, 2022.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>ABOUT HIGH TIDE</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">High Tide is a leading retail-focused cannabis company
with bricks and mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured
by revenue, with 111 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide was featured in the third annual
Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021, and was named as one of the top 10 performing diversified
industries stocks in the 2022 TSX Venture 50&trade;. The Company is also North America's first and only cannabis discount club retailer,
featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the
country. High Tide's portfolio also includes retail kiosk and smart locker Fastendr&trade; technology. High Tide has been serving consumers
for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com
and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, and BlessedCBD.co.uk, as well as its wholesale
distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. 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.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Neither the TSXV 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.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">For more information about High Tide Inc., please
visit www.hightideinc.com, its profile page on SEDAR at www.sedar.com, and its profile page on EDGAR at www.sec.gov. &nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>ABOUT CROSSROADS</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Crossroads is a family owned and operated company,
and works hard to make all their guests feel like part of the family. Their stores offer a clean and welcoming environment to help make
customers new to cannabis feel comfortable. Crossroads offers an industry leading range of products at affordable and competitive prices.
Their local staff are knowledgeable and passionate about cannabis and driven to help customers navigate their journey.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Certain information in this news release constitutes
forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements
of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as &quot;may&quot;,
&quot;should&quot;, &quot;anticipate&quot;, &quot;expect&quot;, &quot;potential&quot;, &quot;believe&quot;, &quot;intend&quot; or the
negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: High
Tide completing the Transaction on the terms and within the timelines set out in this news release; High Tide receiving requisite approvals
for the Transaction; the anticipated effects of the Transaction on the business and operations of High Tide; Mr. Grover's expectation
to announce more retail acquisitions in the future; Mr. Grover's statement with respect to High Tide's goal of reaching 150 stores by
the end of calendar 2022; and High Tide's plans to extend and strengthen its integrated value chain, while providing a complete customer
experience and maximizing shareholder value.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Forward-looking information in this news release
are based on certain assumptions and expected future events, namely: that High Tide will have the ability to successfully complete the
Transaction (and will have the ability to obtain all requisite approvals) on the terms and within the timelines anticipated by High Tide;
High Tide's financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand,
and market opportunity, for High Tide's product offerings; current and future economic conditions will neither affect the business and
operations of High Tide nor High Tide's ability to capitalize on anticipated business opportunities), although considered reasonable by
management of High Tide at the time of preparation, may prove to be imprecise and result in actual results differing materially from those
anticipated, and as such, undue reliance should not be placed on forward-looking statements.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>These statements involve known and unknown risks,
uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed
or implied by such statements, including but not limited to: the risks associated with the cannabis and CBD industries in general; the
inability of High Tide to close the Transaction; the inability of High Tide to obtain requisite approvals, the inability of High Tide
to pursue more retail acquisitions in the future, the inability of High Tide to acquire more stores and to reach 150 stores by the end
of calendar 2022, the inability of High Tide to extend and strengthen its integrated value chain, while providing a complete customer
experience and maximizing shareholder value.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Forward-looking statements, forward-looking financial
information and other metrics presented herein are not intended as guidance or projections for the periods referenced herein or any future
periods, and in particular, past performance is not an indicator of future results and the results of High Tide in this press release
may not be indicative of, and are not an estimate, forecast or projection of High Tide future results. Forward-looking statements contained
in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus
are subject to change thereafter. High Tide disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law. Factors that could cause anticipated opportunities
and actual results to differ materially include, but are not limited to, matters referred to above and elsewhere in High Tide's public
filings and material change reports, which are and will be available on SEDAR. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><I>This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will
not be registered under the United States Securities Act of 1933 (the &quot;1933 Act&quot;) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable
state securities laws, or an exemption from such registration is available.</I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-to-acquire-crossroads-cannabis-adding-four-established-cannabis-retail-stores-in-ontario-301494694.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE High Tide Inc.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/03/c1469.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001847409</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>Media Inquiries, Omar Khan, Senior Vice
President - Corporate and Public Affairs, High Tide Inc., omar@hightideinc.com; Investor Inquiries, Vahan Ajamian, Capital Markets Advisor,
High Tide Inc., vahan@hightideinc.com</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: High Tide Inc.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 06:00e 03-MAR-22</P>

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