<SEC-DOCUMENT>0001279569-22-001106.txt : 20220707
<SEC-HEADER>0001279569-22-001106.hdr.sgml : 20220707
<ACCEPTANCE-DATETIME>20220707124557
ACCESSION NUMBER:		0001279569-22-001106
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220707
FILED AS OF DATE:		20220707
DATE AS OF CHANGE:		20220707

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:		221071172

	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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    <title>High Tide Inc.: Form 6-K - Filed by newsfilecorp.com</title>
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<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 July 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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                <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>
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            <td style="width: 0.92%; vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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            <td style="width: 44.92%; vertical-align: middle; background-color: #ffffff;">
                <p>&#160;</p>
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                <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>
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                <p>&#160;</p>
            </td>
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                <p>&#160;</p>
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                <p>&#160;</p>
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                <p>&#160;</p>
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                <p>(Registrant)</p>
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                <p>&#160;</p>
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                <p>&#160;</p>
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                <p>&#160;</p>
            </td>
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                <p>&#160;</p>
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            <td style="vertical-align: top; background-color: #ffffff;">
                <p>Date: July 7, 2022</p>
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                <p>&#160;</p>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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                <p>&#160;</p>
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            <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>
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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>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>&#160;</p>
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                <p>Raj Grover</p>
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                <p>&#160;</p>
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            <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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            <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>
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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>&#160;</p>
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<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>
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        <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 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 July 7, 2022 - High Tide to Acquire Nine Operating Retail Cannabis Stores from Choom Holdings</a></p>
            </td>
        </tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED JULY 7, 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>&nbsp;&nbsp;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"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">High Tide to Acquire Nine Operating Retail Cannabis
Stores from Choom Holdings</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>

<UL STYLE="list-style-type: disc">

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt"><I>High Tide Emerges as Preferred Partner for Store Acquisitions
Through Companies' Creditors Arrangement Act (&quot;CCAA&quot;) Proceedings</I></LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt"><I>The Company is Set to Enter the British Columbia Market with
the Acquisition of Two Stores in Vancouver</I></LI>

</UL>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CALGARY, AB, July 7, 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 further expanding its bricks-and-mortar retail
cannabis operations and entering the British Columbia market, through a binding agreement (the &quot;<B>Acquisition Agreement</B>&quot;)
pursuant to which High Tide will acquire two operating retail cannabis stores in British Columbia, six operating retail cannabis stores
in Alberta, and one operating retail cannabis store in Ontario (collectively, the &quot;<B>Stores</B>&quot;) from Choom Holdings Inc.
(CSE: CHOO) (OTCQB: CHOOF) and its subsidiaries (together, &quot;<B>Choom</B>&quot;), for CAD$5.1 million (the &quot;<B>Transaction</B>&quot;),
pending court approval on July 7, 2022.</P>

<P STYLE="color: blue; font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><IMG SRC="logo.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;I am thrilled to be announcing this deal today,
which represents the third public company whose assets we have integrated into the High Tide portfolio since November 2020, following
the acquisitions of Meta Growth and Smoke Cartel. Choom was one of the original and long-standing brands in cannabis retail with a presence
across the country and a similar brand personality to Canna Cabana. This will make the integration of Choom into the Canna Cabana brand
seamless,&quot; said Raj Grover, President and Chief Executive Officer of High Tide. &quot;While Choom had 17 operational stores before
entering CCAA proceedings, we are able to acquire the nine locations that we want across three provinces at an attractive price of 3.8x
annualized Adjusted EBITDA<SUP>[1]</SUP>. With these acquisitions, we are able to bring our innovative discount club model to Vancouver,
Canada's third-largest metropolitan area, as well as numerous new markets in Alberta where we do not yet have a presence. I look forward
to giving a warm welcome to the team members from Choom as they join the High Tide family,&quot; added Mr. Grover.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 2.05pt; padding-left: 2.05pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.05pt; padding-left: 3.95pt; font: 15pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">___________________________</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 2.05pt; padding-left: 2.05pt">&nbsp;</TD>
    <TD STYLE="padding-right: 2.05pt; padding-left: 3.95pt; font: 15pt 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"><BR>
The Stores have the following addresses:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">1.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">191 West 2<SUP>nd</SUP> Avenue in Vancouver, British Columbia
(the &quot;<B>Vancouver West 2<SUP>nd</SUP> Store</B>&quot;). The Vancouver West 2<SUP>nd</SUP> Store is located in the trendy Mount Pleasant
neighbourhood, close to numerous popular restaurants and retail stores, as well as the Olympic Village and Science World.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">2.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">1391 Richards Street in Vancouver, British Columbia (the
&quot;<B>Vancouver Richards Store</B>&quot;). The Vancouver Richards Store is located in the trendy and densely-populated Yaletown neighbourhood
in downtown Vancouver.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">3.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">7555 Montrose Road in Niagara Falls, Ontario (the &quot;<B>Niagara
Store</B>&quot;). The Niagara Store is located in Niagara Square, an outlet mall anchored by numerous national big box and discount retailers.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">4.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">115 2<SUP>nd</SUP> Avenue West in Brooks, Alberta (the &quot;<B>Brooks
Store</B>&quot;). The Brooks Store is located in the centre of Brooks, close to numerous retail businesses.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">5.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">5308 50<SUP>th</SUP> Avenue in Cold Lake, Alberta (the &quot;<B>Cold
Lake 50<SUP>th</SUP> Avenue Store</B>&quot;). The Cold Lake 50<SUP>th</SUP> Avenue Store is part of a commercial district in Cold Lake
South containing numerous restaurants and other businesses.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">6.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">1020 8<SUP>th</SUP> Avenue in Cold Lake, Alberta (the &quot;<B>Cold
Lake 8<SUP>th</SUP> Avenue Store</B>&quot;). The Cold Lake 8<SUP>th</SUP> Avenue Store is located on the main east-west street in Cold
Lake North, close to several businesses, restaurants, and hotels.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">7.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">320 Centre Street in Drumheller, Alberta (the &quot;<B>Drumheller
Store</B>&quot;). The Drumheller Store is located in central Drumheller, close to a variety of local businesses and restaurants.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">8.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">2719 14<SUP>th</SUP> Street SW in Calgary, Alberta (the &quot;<B>Calgary
Store</B>&quot;). The Calgary Store is located on a well-trafficked road in southwest Calgary and is easily accessible for residents of
nearby communities with favourable cannabis demographics, such as Bankview and South Calgary.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">9.</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">10140 107<SUP>th</SUP> Street in Westlock, Alberta (the &quot;<B>Westlock
Store</B>&quot;). The Westlock Store is located in the town's commercial centre, close to numerous businesses.</FONT></TD></TR></TABLE>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">For the three months ended April 30, 2022, collectively,
the Stores generated annualized revenue of CAD$10.2 million and annualized Adjusted EBITDA of CAD$1.3 million. The purchase price represents
3.8x&nbsp;annualized Adjusted EBITDA for the three months ended April 30, 2022.</P>

<P STYLE="font: 17.5pt Arial, Helvetica, Sans-Serif; margin: 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, court approval, approval
from various provincial regulators, and other customary conditions of closing, and is expected to close in the coming weeks. The consideration
(the &quot;<B>Consideration</B>&quot;) for the Stores being acquired will be CAD$5.1 million, which is to be satisfied through the issuance
of common shares of High Tide (&quot;<B>High Tide Shares</B>&quot;) on 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 the Closing. The Transaction may close in multiple tranches depending on the speed of provincial regulatory approvals.
Inclusive of the Stores, following the Closing, High Tide will have at least 43 stores in Ontario, 2 stores in British Columbia, 72 stores
in Alberta, and 136 stores nationwide.</P>

<P STYLE="font: 17.5pt Arial, Helvetica, Sans-Serif; margin: 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 non-franchised Canadian retailer of recreational
cannabis as measured by revenue, with 127 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 technology &ndash; Fastendr&trade;.
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, BlessedCBD.co.uk,
and BlessedCBD.de, 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.</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; the Company's business objectives
and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones
(including, without limitation, proposed Transaction); the Company's future growth prospects and intentions to pursue one or more viable
business opportunities; the development of the Company's business and future activities following the date hereof; expectations relating
to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future
operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the cannabis
industry generally; the impact of the COVID-19 pandemic on the Company's current and future operations; the market for the Company's current
and proposed product offerings, as well as the Company's ability to capture market share; the Company's strategic investments and capital
expenditures, and related benefits; the distribution methods expected to be used by the Company to deliver its product offerings; the
competitive landscape within which the Company operates and the Company's market share or reach; the performance of the Company's business
and the operations and activities of the Company; the Company adding the number of additional cannabis retail store locations the Company
proposes to add to the Company's business upon the timelines indicated herein; the Company's ability to generate cash flow from operations
and from financing activities; the Company's ability to obtain, maintain, and renew or extend, applicable authorizations, including the
timing and impact of the receipt thereof; the realization of cost savings, synergies or benefits from the Company's recent and proposed
acquisitions, and the Company's ability to successfully integrate the operations of any business acquired within the Company's business;
the Company's intention to devote resources to the protection of its intellectual property rights, including by seeking and obtaining
registered protections and developing and implementing standard operating procedures; the anticipated sales from continuing operations
for the financial year of the Company ending October 31, 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); current and future members of management
will abide by the Company's business objectives and strategies from time to time established by the Company; the Company will retain and
supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or
segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the
ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract,
develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; no adverse changes will be
made to the regulatory framework governing cannabis, taxes and all other applicable matters in the jurisdictions in which the Company
conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate
cash flow from operations, including, where applicable, distribution and sale of cannabis and cannabis products; the Company will be able
to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain
authorizations required to conduct the business; general economic, financial, market, regulatory, and political conditions, including
the impact of the COVID-19 pandemic, will not negatively affect the Company or its business; the Company will be able to successfully
compete in the cannabis industry; cannabis prices will not decline materially; the Company will be able to effectively manage anticipated
and unanticipated costs; the Company will be able to conduct its operations in a safe, efficient and effective manner; general market
conditions will be favourable with respect to the Company's future plans and goals; the Company will reach the anticipated sales from
continuing operations for the financial year of the Company ending October 31, 2022; the Company will continue to grow its online retail
portfolio through further strategic and accretive acquisitions; the Company will add the additional cannabis retail store locations to
the Company's business and remain on a positive growth trajectory; and the Company will complete the development of its cannabis retail
stores. </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 upon the terms and/or timelines indicated herein or at all; the inability of High Tide
to obtain requisite approvals; the inability of High Tide to pursue more retail acquisitions in the future; the Company's inability to
attract and retain qualified members of management to grow the Company's business and its operations; unanticipated changes in economic
and market conditions (including changes resulting from the COVID-19 pandemic) or in applicable laws; the impact of the publications of
inaccurate or unfavourable research by securities analysts or other third parties; the Company's failure to complete future acquisitions,
including the Transaction or enter into strategic business relationships; interruptions or shortages in the supply of cannabis from time
to time available to support the Company's operations from time to time; unanticipated changes in the cannabis industry in the jurisdictions
within which the Company may from time to time conduct its business and operations, including the Company's inability to respond or adapt
to such changes; the Company's inability to secure or maintain favourable lease arrangements or the required authorizations necessary
to conduct the business and operations and meet its targets; the Company's inability to secure desirable retail cannabis store locations
on favourable terms; risks relating to projections of the Company's operations; the Company's inability to effectively manage unanticipated
costs and expenses, including costs and expenses associated with product recalls and judicial or administrative proceedings against the
Company; risk that the Company will not reach the anticipated sales from continuing operations for the financial year of the Company ending
October 31, 2022; risk that the Company will be unable to continue to integrate and expand its CBD brands; risk that the Company will
be unable to grow its online retail portfolio through further strategic and accretive acquisitions; risk that the Company will be unable
to add additional cannabis retail store locations to the Company's business; and risks that the Company will be unable to complete the
development of any or all of its cannabis retail stores.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Readers are cautioned that the foregoing list is
not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance
that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>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.</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-nine-operating-retail-cannabis-stores-from-choom-holdings-301581926.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/July2022/07/c5185.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 07-JUL-22</P>
<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B></B></FONT></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

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

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
