<SEC-DOCUMENT>0001279569-24-000007.txt : 20240103
<SEC-HEADER>0001279569-24-000007.hdr.sgml : 20240103
<ACCEPTANCE-DATETIME>20240103060053
ACCESSION NUMBER:		0001279569-24-000007
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231229
FILED AS OF DATE:		20240103
DATE AS OF CHANGE:		20240103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			High Tide Inc.
		CENTRAL INDEX KEY:			0001847409
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		ORGANIZATION NAME:           	07 Trade & Services
		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:		24504286

	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"><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  December 2023</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;"></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>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <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>
        </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>(Registrant)</p>
            </td>
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        <tr>
            <td style="vertical-align: middle; background-color: #ffffff;">
                <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>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; background-color: #ffffff;">
                <p>Date: December 29, 2023</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>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>
            </td>
            <td style="vertical-align: bottom; background-color: #ffffff;">
                <p>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>
            </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>
            </td>
        </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 December 29, 2023 - High Tide Recaps Key Milestones of 2023</a></p>
            </td>
        </tr>
    </table>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED DECEMBER 29, 2023
<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">&nbsp;&nbsp;</P>

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

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">High Tide Recaps Key Milestones of 2023</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; text-align: center; margin-right: 0; margin-left: 0"><B><I>The Company Also Announces
$2.8 Million Paydown From Convertible Debenture Balance</I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CALGARY, AB, Dec. 29, 2023 /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 reflect on its key milestones for 2023, a year that
saw the Company once again achieve record growth while surpassing its communicated goals. From becoming one of the few publicly traded
cannabis companies anywhere in the world to generate positive free cash flow five months ahead of its publicly communicated timeline,
to closing the year as the top revenue-generating cannabis company in Canada for the second consecutive year<SUP>1</SUP>, to launching
Cabanalytics Consumer Insights (CCI), a consumer-facing magazine style digital publication which is an extension of the highly successful
Cabanalytics business data and insights platform, the Company continuously demonstrated a commitment to innovation and responsible growth
while maximizing shareholder value.</P>

<P STYLE="font: 17.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B>PAYDOWN OF CONVERTIBLE DEBENTURE</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Company also announced the paydown of $2.8 million
from its convertible debenture balance using cash on hand. This, along with the restructuring announced on November 1, 2023, has resulted
in the balance of this debenture being reduced from $8.9 million then to just over $1 million today. With one year to go until the formal
maturity date of this debenture, the Company's total gross debt now sits at $29 million, representing 1.1 times the Adjusted EBITDA reported
by the Company over the past four quarters.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>High Tide's 2023 Highlights:</I></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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Realized a current annualized revenue run rate of over $500
million dollars and remains the top revenue-generating&sup1; cannabis company in Canada</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Achieved positive free cash flow five months ahead of the
publicly communicated timeline</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Generated record Adjusted EBITDA over the nine months ending
July 31, 2023</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Paid down a further $2.8 million on its convertible debenture
using cash on hand, thus bringing its balance to just over $1 million currently versus $8.9 million at the start of 2023</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Achieved industry-leading same-store sales growth of 31%
during the first three quarters of fiscal 2023</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Improved cash on hand to $25.7 million as of July 31, 2023,
versus $18.3 million as of July 31, 2022</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Reduced gross debt to $29 million currently, versus $38.7
million at the end of calendar 2022, while meaningfully growing the business</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Obtained coverage from three new equity research analysts,
bringing the number of brokerages with coverage up to seven</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Added 13 new Canadian stores, both organically and through
accretive acquisitions, closing the year at 162 stores across British Columbia, Alberta, Saskatchewan, Manitoba and Ontario</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Delivered rapid growth in its unique loyalty program, which
remains the largest bricks-and-mortar cannabis loyalty program in Canada, with over 1.2 million ELITE and Cabana Club members</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Launched CCI to over 1.2 million ELITE and Cabana Club members</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Ranked 38th out of 425 in the <U>Globe and Mail's annual
ranking of Canada's &quot;Top Growing Companies&quot;</U> with 1,040% revenue growth over three years. This marks the third year in a
row the Company has earned a spot on this prestigious list</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Claimed the top spot in the <U>Financial Times</U> list of
fastest-growing retailers in the Americas for 2023</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-size: 10pt">&bull;</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 15pt">Grew its World Vision sponsorship support to 324 children
internationally after committing to sponsoring two additional children for every new store that opens in Canada</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.75pt 2.05pt 0.75pt 3.95pt; font: 15pt 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: 0.75pt 2.05pt 0.75pt 3.95pt; font: 15pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>1 </SUP>Ranking relates to companies reporting in CAD, as reported by <U>https://www.newcannabisventures.com/cannabis-company-revenue-ranking/</U></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><BR>
&quot;Once again, I would like to thank our loyal customers, team members and shareholders for their ongoing support as we delivered yet
another groundbreaking year for High Tide and continuously outperformed our peers, some of whom did not survive 2023. With their support,
we were able to execute our business plan, which saw us emerge as one of the few publicly traded cannabis companies in the world to generate
positive free cash flow. Our rapid revenue growth and Adjusted EBITDA continue to expand as we leverage the strengths of our diversified
cannabis ecosystem and experience strong growth in our Cabana Club loyalty program, which now sits at over 1.2 million members. On top
of these achievements, we have also been able to reduce the balance of our convertible debenture by approximately 90% one year prior to
its formal maturity date. I am optimistic that this success will be recognized by the capital markets as their sentiment towards the cannabis
industry inevitably shifts,&quot; said&nbsp;Raj Grover, Founder and Chief Executive Officer of High Tide.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;I also want to once again reiterate that it
is my goal to see High Tide become a top-five MSO with significant retail operations beyond North America. We continue to see positive
momentum in the United States, where rescheduling seems increasingly possible in 2024. Despite delays in Germany's cannabis legalization
plans, we remain optimistic that the sale of recreational cannabis to adults through specialty shops could begin by early 2025, providing
an opportunity for us to take our Canna Cabana brand to Europe. While we are excited about potential international expansion, our core
focus for 2024 will remain on growing our bricks-and-mortar footprint in Canada, particularly given the Government of Ontario's recent
announcement that it intends to double the provincial cannabis store cap. This move will make it easier for Ontario cannabis retailers
to compete with the illicit market while materially growing revenue,&quot; added Mr. Grover.</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, Inc. is the leading community-grown, retail-forward
cannabis enterprise engineered to unleash the full value of the world's most powerful plant. High Tide (HITI) is uniquely-built around
the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Bricks &amp; Mortar Retail</I>: Canna Cabana&trade;
is the largest non-franchised cannabis retail chain in Canada, with&nbsp;162 current locations spanning British Columbia, Alberta, Saskatchewan,
Manitoba and Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in Canada.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Retail Innovation</I>: Fastendr&trade; is a unique
and fully automated technology that integrates retail kiosks and smart lockers to facilitate a better buying experience through browsing,
ordering and pickup.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>E-commerce Platforms</I>: High Tide operates a
suite of leading accessory sites across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>CBD</I>: High Tide continues to cultivate the possibilities
of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Wholesale Distribution</I>: High Tide keeps that
cannabis category stocked with wholesale solutions via Valiant&trade;.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Licensing</I>: High Tide continues to push cannabis
culture forward through fresh partnerships and license agreements under the Famous Brand&trade; name.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">High Tide consistently moves ahead of the currents,
having been named one of Canada's Top Growing Companies in 2021, 2022 and 2023 by the Globe and Mail's Report on Business Magazine and
was ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover
the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+
and EDGAR.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Neither the TSX Venture Exchange 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: 17.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This press release may contain &quot;forward-looking
information&quot; and &quot;forward-looking statements within the meaning of applicable securities legislation. 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. The forward-looking statements
herein include, but are not limited to, statements regarding: the effect of the company performance on the capital markets, the ability
of the Company to become a top 5 MSO with significant retail operations beyond North America, our ability to grow our bricks and mortar
footprint in Canada, the expansion of the store cap in Ontario, the legalization of Cannabis in new markets and expansion of the company
to new jurisdictions on the timelines indicated herein, and the ability for cannabis retailers to compete with the illicit market while
growing revenue. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these
statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove
to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but
not limited to the risk factors discussed under the heading &quot;Non-Exhaustive List of Risk Factors&quot; in Schedule A to our current
annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic
filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. 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: 17.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>CAUTIONARY NOTE REGARDING FUTURE ORIENTED FINANCIAL INFORMATION</I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This press release may contain future oriented
financial information (&quot;<B>FOFI</B>&quot;) within the meaning of applicable securities legislation about prospective results of operations,
financial position or cash flows, which is subject to the same assumptions, risk factors, limitations, and qualifications as set out in
the above &quot;Cautionary Note Regarding Forward-Looking Statements&quot;. FOFI is not presented in the format of a historical balance
sheet, income statement or cash flow statement. FOFI does not purport to present the Company's financial condition in accordance with
IFRS as issued by the International Accounting Standards Board, and there can be no assurance that the assumptions made in preparing the
FOFI will prove accurate. The actual results of operations of the Company and the resulting financial results will likely vary from the
amounts set forth in the analysis presented, and such variation may be material (including due to the occurrence of unforeseen events
occurring subsequent to the preparation of the FOFI). The Company and management believe that the FOFI has been prepared on a reasonable
basis, reflecting management's best estimates and judgments as of the applicable date. However, because this information is highly subjective
and subject to numerous risks, readers are cautioned not to place undue reliance on the FOFI as necessarily indicative of future results.
Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI.</I></P>

<P STYLE="font: 17.5pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>CONTACT INFORMATION</I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Media Inquiries<BR>
Omar Khan<BR>
Chief Communications and Public Affairs Officer<BR>
High Tide Inc.<BR>
omar@hightideinc.com<BR>
403-770-3080</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Investor Inquiries<BR>
Vahan Ajamian<BR>
Capital Markets Advisor<BR>
High Tide Inc.<BR>
vahan@hightideinc.com</I></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-recaps-key-milestones-of-2023-302023495.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/December2023/29/c8934.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-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 29-DEC-23</P>

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