High Tide to open 3 Canna Cabana stores in Ont., Alta.

Mr. Raj Grover reports HIGH TIDE TO OPEN THREE NEW CANNA CABANA LOCATIONS ACROSS ONTARIO AND ALBERTA High Tide Inc. will open three new Canna Cabana-branded locations across Ontario and Alberta, located in North York, Etobicoke and Fort McMurray. These openings bring High Tide's total store count to 210 Canna Cabana-branded locations across Canada, 89 in the province of Alberta and 88 in the province of Ontario. "Momentum is clearly building across our network as we accelerate store openings in the second half of this year. Supported by our strong free cash flow profile, we continue to self-fund growth, targeting two to three new locations per month entirely from our own profits. This disciplined approach allows us to expand without relying on external capital while advancing steadily towards our stated goals," said Raj Grover, founder and chief executive officer of High Tide. "Just as importantly, we are focused on securing only the best real estate in markets with high growth and high revenue potential. Cities such as Fort McMurray, North York and Etobicoke remain key to our strategy, and our multiple locations in these areas underscore our conviction in their long-term value. We expect to be announcing additional openings in the weeks and months ahead, right through to year-end," added Mr. Grover. North York location The company's new Canna Cabana located at 1448 Lawrence Ave. East in North York, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on Sept. 26, 2025. Situated in a densely populated area, this location benefits from being part of a popular shopping centre. The storefront is also located at the major intersection of Lawrence Avenue and Victoria Avenue, offering excellent visibility and accessibility to local residents and commuters. Etobicoke location The company's new Canna Cabana located at 1020 Islington Ave. in Etobicoke, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on Sept. 27, 2025. Positioned along the busy north-south traffic artery of Islington Avenue, this new location will enjoy significant exposure to daily traffic. The location is uniquely positioned to serve both the large residential neighbourhoods nearby and the adjacent industrial and business park area, providing access to a strong daytime work force as well as the immediate residential community. Fort McMurray location The company's new Canna Cabana located at 10024 Franklin Ave. in Fort McMurray, Alta., will begin selling recreational cannabis products and consumption accessories for adult use on Sept. 29, 2025. Sitting on the southeast end of Fort McMurray as part of the downtown core provides convenient access for both local residents and visitors. The demographics of the area are an excellent fit for Canna Cabana, with a strong base of year-round workers and seasonal employees, complementing the success of the existing Canna Cabana store at the north end of town. This new location also enhances accessibility to Fort McMurray's visitor population, given its proximity to numerous hotels and attractions. 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 210 current locations across 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. The company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD 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 2024 for the fourth 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.