High Tide opens Canna Cabana in Berlin

Mr. Raj Grover reports HIGH TIDE OPENS FIRST EUROPEAN CANNA CABANA IN BERLIN High Tide Inc. has opened its first international Canna Cabana in Berlin, Germany -- focused on cannabis accessories and consumer lifestyle goods -- marking the brand's formal bricks and mortar entry into both Europe and the German market. Located at Alte Schonhauser Str. 2, 10119, Berlin, the company's newest Canna Cabana is situated in the heart of Berlin-Mitte, steps from Alexanderplatz, the political, cultural and creative core of Berlin, and a globally recognized hub for fashion, food, art and boutique retail. The surrounding area is home to marquee landmarks, including the Fernsehturm (TV Tower), Berlin Cathedral, Museum Island and the rapidly expanding Hackescher Markt district. This flagship store represents the first step in High Tide's broader European retail strategy, following its recent acquisition of Remexian Pharma GmbH, a licensed medical cannabis importer and distributor based in Germany. The Berlin opening reflects the company's commitment to expanding its European presence, which encompasses bricks and mortar retail, e-commerce, and medical cannabis distribution across key international markets. "Canna Cabana's potential extends far beyond Canada, and this Berlin opening is the first step in unlocking that global opportunity. Germany, with more than 83 million people, is already Europe's largest and most influential cannabis market, with government data showing imports surpassing a record 143 tonnes in the first three quarters of 2025. As cannabis usage continues to accelerate, so too will demand for Canna Cabana's cutting-edge consumption accessories," said Raj Grover, founder and chief executive officer of High Tide. "This bricks and mortar launch demonstrates our commitment to Germany for the long haul. We are closely following legislative and regulatory developments, and, as Germany moves toward broader liberalization, Canna Cabana will have a meaningful head start. This is exactly how we built Canada's largest cannabis retailer -- by establishing a loyal accessories following first, then seamlessly transitioning those customers into cannabis retail when the timing is right. Now, we're bringing that same winning formula to Europe," added Mr. Grover. About High Tide Inc. High Tide is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide is uniquely built around the cannabis consumer, with wholly diversified and fully integrated operations across all components of cannabis, including: Retail: Canna Cabana is the largest cannabis retail chain in Canada, with 215 domestic and one international location. The company's Canadian bricks and mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, holding a growing 12-per-cent share of the market. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. In 2025, the company became the first North American cannabis operator to launch a bricks and mortar presence in Germany. The company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived cannabidiol products. Medical cannabis distribution: Remexian Pharma GmbH is a leading German pharmaceutical company built for the purpose of importation and wholesale of medical cannabis products at affordable prices. Among all German medical cannabis procurers, Remexian has one of the most diverse reaches across the globe and is licensed to import from 19 countries including Canada. High Tide consistently moves ahead of the currents, having been named one of Canada's top-growing companies by The Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top-50 company by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was also ranked No. 1 in the retail category on The Financial Times list of Americas' fastest-growing companies for 2023. We seek Safe Harbor.