CALGARY, AB, Nov. 4, 2021 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), the largest Alberta-based cannabis retailer, with 57 retail cannabis stores currently operating provincewide, welcomes the Alberta Government's proposed Bill 80: the Red Tape Reduction Implementation Act, 2021 (No. 2). The Act, if passed, would discontinue the provincially-run Albertacannabis.org e-commerce portal and transition online sales and home delivery of cannabis products to licensed private sector retailers within 90 days of passage and proclamation. This follows recent moves by the governments of Ontario and British Columbia to allow private sector participation in cannabis e-commerce and home delivery.

High Tide Inc. November 4, 2021 (CNW Group/High Tide Inc.)

"Alberta has once again shown that it is a province that believes in the free market. Today's proposed legislation will, if passed, provide a shot in the arm to private sector cannabis retailers who, for too long, have had to compete with a government owned entity in the e-commerce space that also serves as their sole wholesale supplier," said Raj Grover, President and Chief Executive Officer of High Tide. "Licensed cannabis retailers have proven in other provinces that we can operate online sales and home delivery in a safe and secure manner, allowing adults to have timely access to the regulated and quality-controlled products that they want while ensuring that, unlike illicit market operators, access to youth is strictly forbidden," added Mr. Grover.

Grant of Options

Furthermore, High Tide granted 100,000 stock options (the "Options") to certain employees and consultants, exercisable for a period of three years.

About High Tide Inc.

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 103 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan, and was featured in the third annual Report on Business Magazine's ranking of Canada's Top Growing Companies in 2021. The Company is also North America's first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its established ecommerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through CBDcity.com, FABCBD.com, and BlessedCBD.co.uk, 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. Key industry investors in High Tide include Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).

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.

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.