UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2023
Commission File Number: 001-40258
HIGH TIDE INC.
(Registrant)
11127 - 15 Street N.E., Unit 112
Calgary, Alberta
Canada T3K 2M4
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURES
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.
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HIGH TIDE INC.
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(Registrant)
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Date: December 27, 2023
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By
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/s/ Raj Grover
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Raj Grover
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President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit
99.1
High Tide Opens Second Canna Cabana in Kanata,
Ontario
CALGARY, AB, Dec. 27, 2023 /CNW/ – High Tide
Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward
enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis
store located at 457 Hazeldean Road Kanata, Ontario has begun selling recreational cannabis products and consumption accessories for adult
use. This opening marks High Tide's 161st Canna Cabana branded location in Canada, the 53rd in the province of Ontario and the 2nd in
Kanata.
With a population of approximately 100,000 and a mix
of civil servants and high-tech workers, Kanata is ideally suited for the Canna Cabana brand. This new store is situated on Kanata's main
thoroughfare and is in a major retail power centre, anchored by a provincially owned liquor store chain and an upscale grocery store chain
among several popular quick-service restaurants.
"Our new Kanata location compliments our highly
successful existing store in the heart of Kanata's tech district. This new site is situated strategically in Kanata's commercial district
in a well-trafficked retail power centre, which ensures that all residents of this fast-growing and prosperous Ottawa suburb will have
easy access to our innovative discount club model, servicing even more ELITE and Cabana Club members," said Raj Grover, Founder and
Chief Executive Officer of High Tide.
"The bulk of our expansion and organic store
openings for early 2024 will be focused in Ontario. With the store cap set to double and Mississauga, Ontario's third-largest city, recently
opting into legal cannabis sales, we are very excited about the opportunity that Canada's largest province holds. As we have seen in other
provinces, illicit market capture is highest where legal cannabis retailers are allowed to grow with market demand, and our store sale
volumes clearly show the demand from Ontarians for safe recreational cannabis products, " added Mr. Grover
ABOUT HIGH TIDE
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:
Bricks & Mortar Retail: Canna Cabana™
is the largest non-franchised cannabis retail chain in Canada, with 161 current locations spanning British Columbia, Alberta, Saskatchewan,
Manitoba and Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in North America.
Retail Innovation: Fastendr™ 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.
E-commerce Platforms: High Tide operates a
suite of leading accessory sites across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
CBD: High Tide continues to cultivate the possibilities
of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that
cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis
culture forward through fresh partnerships and license agreements under the Famous Brand™ name.
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.
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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking
information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the
words "could", "intend", "expect", "believe", "will", "projected", "estimated"
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 timing of our new location beginning to sell recreational cannabis products
and consumption accessories for adult use, the expected benefits of the store location, the expectation that the store cap will increase
in Ontario, and our commitment to opening future stores in prime power centre locations and the expansion of our discount club model.
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 "Non-Exhaustive List of Risk Factors" 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-opens-second-canna-cabana-in-kanata-ontario-302022094.html
SOURCE High Tide Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/27/c5169.html
%CIK: 0001847409
For further information: CONTACT INFORMATION: Media Inquiries, Omar
Khan, Chief Communications and Public Affairs Officer, High Tide Inc., omar@hightideinc.com, 403-770-3080; Investor Inquiries: Vahan Ajamian,
Capital Markets Advisor, High Tide Inc., vahan@hightideinc.com
CO: High Tide Inc.
CNW 06:00e 27-DEC-23
High Tide (NASDAQ:HITI)
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