High Tide to open two Canna Cabana stores in Ontario

Mr. Raj Grover reports HIGH TIDE TO OPEN TWO NEW CANNA CABANA LOCATIONS IN ONTARIO High Tide Inc.'s Canna Cabana retail cannabis store located at 3221 Appleby Line in Burlington, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on Aug. 29, 2025, and that its Canna Cabana retail cannabis store located 1294 Fanshawe Park Rd. East in London, Ont., will begin selling recreational cannabis products and consumption accessories for adult use on Sept. 4, 2025. These openings bring High Tide's total store count to 207 Canna Cabana locations across Canada and 86 in the province of Ontario. "These new openings in Burlington and London reflect our unwavering focus on expanding our national footprint with carefully selected, high-quality sites that maximize long-term potential. Every new store strengthens our ability to deliver value to our Cabana Club members and reinforces our leadership as Canada's largest cannabis retailer," said Raj Grover, founder and chief executive officer of High Tide. "Beyond Canada, our upcoming closing of the Remexian acquisition in Germany will mark the beginning of an exciting new chapter, positioning High Tide as a global cannabis company with meaningful scale in both retail and distribution. With strong momentum at home and transformational opportunities abroad, the best is yet to come for High Tide," added Mr. Grover. Burlington location The company's new Burlington location is anchored by a national hardware store and complemented by a strong mix of quick-service restaurants. Positioned in the city's growing northern end, the location provides access to nearly 41,000 residents within a three-kilometre radius. The store also benefits from limited nearby competition while being situated within a broader commercial corridor that features destination retailers, including major grocers and drugstores, enhancing the location's long-term potential. London location The company's new London location is strategically positioned in an area with no overlap with existing Canna Cabana stores and very limited nearby competition. This site offers prime access to future residential developments in what is expected to become one of the city's fastest-growing and highest-income neighbourhoods. Part of a new retail hub anchored by national grocers, drugstores and popular quick-service restaurants, the location is poised to benefit from strong daily traffic. With more than 25,000 residents within a five-minute drive and only two competitors located to the south, this new store represents a strong opportunity for Canna Cabana to establish an early presence and capture long-term growth in this promising region of London. 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. We seek Safe Harbor.