High Tide Shares Upgraded to OTCQB Market
(firmenpresse) - High Tide Shares Upgraded to OTCQB Market
Calgary, AB, April 3, 2019 High Tide Inc. (High Tide or the Company) (CSE:HITI) (OTCQB:HTDEF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that its common shares have been upgraded by the OTC Markets Group for trading on the OTCQB Market (OTCQB) under the stock symbol HTDEF. The Companys common shares continue to be listed on the Canadian Securities Exchange under the ticker symbol HITI and on the Frankfurt Stock Exchange under the stock symbol 2LY.
The OTCQB market is considered an Established Public Market by the SEC for the purpose of determining the public market price when registering securities for resale with the SEC in equity line financings. The upgrade of High Tides shares for trading on the OTCQB enables American investors to participate in our rapid growth, said Raj Grover, President and Chief Executive Officer of High Tide. Interest from American investors has been growing due to a significant amount of our wholesale segments business being conducted with customers in the United States. Therefore, this OTCQB listing enables us to further diversify our retail and institutional investor base around the world, added Mr. Grover. Companies on the OTCQB verify via an annual OTCQB Certification that their company information is current, including information about its reporting status, profile, information about management and the board, major shareholders, law firms, transfer agents and more.
Additionally, Matthew Dexter, Chief Financial Officer, has advised High Tide that he will resign from his position effective April 22, 2018. The Company and the Board of Directors would like to thank Mr. Dexter for his contributions over the past year and wish him well in his future endeavours. High Tide has commenced a search for Mr. Dexters replacement through an executive search firm and Mr. Dexter will assist the Company with the transition prior to his departure.
About High Tide Inc.
High Tide is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smokers Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. High Tides strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) and FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9).
Representing the core of High Tides business, RGR Canada Inc. is a high-quality and innovative designer, manufacturer and distributor of cannabis accessories. Famous Brandz Inc. is a dominant manufacturer of licensed lifestyle accessories, through partnerships with celebrities and entertainment companies including Snoop Dogg and Paramount Pictures. Famous Brandz products are sold to wholesalers and retailers around the world. Founded in 2009 and approved by the Canadian Franchise Association, Smokers Corner Ltd. is among Canadas largest counter-culture chains with 12 locations. Kush West Distribution is in the process of becoming a cannabis wholesaler in the province of Saskatchewan. Based in Amsterdam since 2000, Grasscity.com is the worlds preeminent and most searchable online retailer of smoking accessories and cannabis lifestyle products with approximately 5.8 million site visits annually. With the deregulation of recreational cannabis for adult use across Canada, Canna Cabana Inc., with 11 current locations, is in the process of becoming a sizeable retail brand with a sophisticated yet playful customer experience, while KushBar Inc. is a retail concept that will also be focused on the valued Canadian cannabis consumer.
For more information about High Tide Inc., please visit www.hightideinc.com and its profile page on SEDAR at www.sedar.com.
Forward-Looking Information
Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as forward-looking statements are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as outlook, expects, intend, forecasts, anticipates, plans, projects, estimates, envisages, assumes, needs, strategy, goals, objectives, or variations thereof, or stating that certain actions, events or results may, can, could, would, might, or will be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of High Tide to execute on its business plan and that High Tide will receive one or multiple licenses from Alberta Gaming, Liquor & Cannabis, British Columbias Liquor Distribution Branch or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana Inc. and KushBar Inc. businesses. High Tide considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.
The forwardlooking statements contained herein are current as of the date of this news release. Except as required by law, High Tide does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.
SOURCE High Tide Inc.
For further information, please contact Nick Kuzyk, Chief Strategy Officer & SVP Capital Markets at High Tide Inc.; Tel: (403) 265-4207; Email: Nick(at)HighTideInc.com; Web: www.HighTideInc.com.
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