<SEC-DOCUMENT>0001279569-22-001218.txt : 20220728
<SEC-HEADER>0001279569-22-001218.hdr.sgml : 20220728
<ACCEPTANCE-DATETIME>20220728150042
ACCESSION NUMBER:		0001279569-22-001218
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220728
FILED AS OF DATE:		20220728
DATE AS OF CHANGE:		20220728

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:		221114563

	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
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<FILENAME>hightide6k.htm
<DESCRIPTION>FORM 6-K
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<head>
    <title>High Tide Inc.: Form 6-K - Filed by newsfilecorp.com</title>
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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 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>
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            <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>
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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>&#160;</p>
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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>&#160;</p>
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                <p><b>HIGH TIDE INC.</b></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>
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                <p>Date: July 28, 2022</p>
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                <p>&#160;</p>
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                <p>By</p>
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                <p>&#160;</p>
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            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p style="border-bottom: 0.75pt solid #000000;">/s/ 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>
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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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                <p>&#160;</p>
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                <p>&#160;</p>
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                <p>&#160;</p>
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                <p>President and Chief Executive Officer</p>
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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>&#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>
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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>
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        <tr>
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                <p>&#160;</p>
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            <td style="vertical-align: top">
                <p><a href="ex991.htm">99.1</a></p>
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            <td style="vertical-align: bottom">&#160;</td>
            <td style="vertical-align: top">
                <p><a href="ex991.htm">Press Release dated July 28, 2022 - High Tide Takes Control of Three Kushbar Locations in Alberta</a></p>
            </td>
        </tr>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED JULY 28, 2022
<TEXT>
<HTML>
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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: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-right: 0; margin-left: 0"><B>High Tide Takes Control of
Three Kushbar Locations in Alberta</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CALGARY, AB, July 28, 2022 /CNW/ - High Tide Inc.&nbsp;
(&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 has seized the shares of Halo Kushbar
Retail Inc. (&quot;<B>Kushbar</B>&quot;), which owns three operating cannabis retail stores in Alberta (the &quot;<B>Kushbar Stores</B>&quot;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&nbsp;<IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">As previously disclosed on July 15, 2021, High Tide
sold the Kushbar Stores to Halo Collective Inc. (formerly Halo Labs Inc.) (&quot;<B>Halo</B>&quot;), for $5.7 million, of which $3.9 million
was already satisfied. Part of the consideration High Tide received from Halo was a convertible promissory note in the principal amount
of $1.8 million (the &quot;<B>Note</B>&quot;). Due to ongoing breaches of the amended and restated asset purchase agreement between Halo
and High Tide, High Tide accelerated the maturity of the Note and has seized the shares of Kushbar pursuant to a share pledge agreement
between the parties. Therefore, High Tide, who previously received $3.9 million as payment for the sale of the Kushbar Stores, now has
reacquired control of the Kushbar Stores. High Tide anticipates obtaining full ownership of Kushbar in early August 2022.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;Halo's default on the Note has given us the
opportunity to capitalize on the goodwill and popularity of the Kushbar Stores, which are situated in great locations. I am pleased to
welcome these three established stores back into the High Tide family. Two of the three Alberta locations are in markets where we don't
currently have a presence. The Kushbar Stores are on an annual revenue run rate of $3.25 million for the three months ended June 2022.
This represented a 10% increase versus the three months ended March 2022,&quot; said Raj Grover, President and Chief Executive Officer
of High Tide. &quot;As we transition these stores into Canna Cabana, introducing our innovative discount club model in these communities,
we expect to be able to further improve the operations of these stores. As an update, I'm proud to report that our Cabana Club loyalty
program has now exceeded 670,000 members,&quot; added Mr. Grover.</P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>BONUS SHARE ISSUANCE</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Further to the Company's press release dated June
2, 2022, at the Company's annual general and special meeting of shareholders held on June 2, 2022, the shareholders approved an issuance
of common shares in the capital of the Company (&quot;<B>Common Shares</B>&quot;) to certain employees and consultants of Smoke Cartel
USA, Inc., a wholly owned subsidiary of the Company (&quot;<B>Smoke Cartel</B>&quot;), pursuant to the terms of their employment and consulting
agreements, as amended (collectively, the &quot;<B>Agreements</B>&quot;).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Pursuant to the terms of the Agreements, as Smoke
Cartel reached certain milestones, including Smoke Cartel achieving gross revenues of at least US$12,000,000, the employees and consultants
were entitled to an earn-out in the aggregate sum of US$2,000,000 (the &quot;<B>Earn-Ou</B>t&quot;). The Company intends on satisfying
the Earn-Out obligation through the issuance of an aggregate of 500,000 Common Shares at a deemed price of US$4.00 per Common Share, subject
to TSX Venture Exchange (&quot;<B>TSXV</B>&quot;) approval (the &quot;<B>Bonus Shares</B>&quot;). The Bonus Shares will be subject to
the applicable hold periods under Canadian and United State securities laws.</P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>CANCELLATION OF ESCROWED SHARES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">As previously disclosed on July 6, 2021, 25% of the
High Tide shares issued as consideration for the acquisition of DHC Supply LLC operating as Daily High Club (&quot;<B>Daily High Club</B>&quot;)
were held in escrow to insure certain indemnification obligations if claims arise. Such a claim arose and High Tide was indemnified for
$58,250 which resulted in High Tide canceling 28,553 shares that were previously held in escrow.</P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>GRANT OF OPTIONS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">In addition, High Tide has granted 21,000 stock options
(the &quot;<B>Options</B>&quot;) to certain employees, pursuant to the terms of the Company's fixed 20% equity incentive omnibus plan.
Each Option is exercisable at the TSX Venture Exchange close price the day before this press release, expires three years from the date
of grant and vests over a two-year period. Each Option is exercisable to purchase one Common Share.</P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>ABOUT HIGH TIDE</B></P>

<P STYLE="font: 10pt 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 131 current locations spanning Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The Company is also North
America's first cannabis discount club retailer, under the Canna Cabana banner, which is the single-largest cannabis retail brand in Canada
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,, BlessedCBD.de, and Amazon UK, as well as its wholesale distribution division under Valiant Distribution,
including the licensed entertainment product manufacturer Famous Brandz. 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;. 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: 10pt 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: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>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.</I></P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This press release contains &quot;forward-looking
information&quot; within the meaning of applicable Canadian securities legislation. These statements relate to future events or future
performance. The use of any of the words &quot;could&quot;, &quot;intend&quot;, &quot;expect&quot;, &quot;believe&quot;, &quot;will&quot;,
&quot;projected&quot;, &quot;estimated&quot; and similar expressions and statements relating to matters that are not historical facts
are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and
timing of such future events.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>The forward-looking information and forward-looking
statements contained herein include, but are not limited to, statements regarding: High Tide obtaining full ownership of Kushbar upon
the terms and timelines disclosed herein; High Tide transitioning the Kushbar Stores into Canna Cabana, introducing their innovative discount
club model in these communities and further improving the operations of the Kushbar Stores; the Company receiving TSXV approval for the
Bonus Share issuance and issuing the Bonus Shares; 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; the development of the Company's business and
future activities following the date hereof; 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; the
Company will complete the development of its cannabis retail stores; 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: 10pt 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 obtain all requisite approvals on the terms and
within the timelines anticipated by High Tide; High Tide obtaining full ownership of Kushbar upon the terms and timelines disclosed herein;
High Tide transitioning the Kushbar Stores into Canna Cabana, introducing their innovative discount club model in these communities and
further improving the operations of the Kushbar Stores; the Company receiving TSXV approval for the Bonus Share issuance and issuing the
Bonus Shares; 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: 10pt 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: High Tide's inability to obtain full ownership of Kushbar upon the terms
and timelines disclosed herein or at all; High Tide being unable to transition the Kushbar Stores into Canna Cabana, introduce their innovative
discount club model in these communities and/or further improve the operations of the Kushbar Stores; the Company not receiving TSXV approval
for the Bonus Share issuance and being unable to issue the Bonus Shares; High Tide's inability to obtain the required regulatory approvals
on the proposed terms and timeline or at all; the risks associated with the cannabis and CBD industries in general; the inability of High
Tide to obtain requisite approvals for its operations; 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 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/or remain on a positive growth trajectory; 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: 10pt 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: 10pt 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: 10pt 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: 10pt 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: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Media Inquiries:&nbsp;Omar Khan,&nbsp;Senior Vice
President - Corporate and Public Affairs,&nbsp;omar@hightideinc.com;&nbsp;Investor Inquiries:&nbsp;Vahan Ajamian,&nbsp;Capital Markets
Advisor,&nbsp;vahan@hightideinc.com</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</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="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>

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