High tide closes the first tranche in its acquisition of choom, adding two established cannabis retail stores in british columbia and six in alberta

This news release constitutes a "designated news release" for the purposes of the company's prospectus supplement dated december 3, 2021 to its short form base shelf prospectus dated april 22, 2021. calgary, ab , aug. 4, 2022 /prnewswire/ - high tide inc. ("high tide" or the "company") (nasdaq: hiti) (tsxv: hiti) (fse: 2lya), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce that further to its press release dated july 7, 2022, the company has completed its acquisition (the "acquisition") through companies' creditors arrangement act ("ccaa") proceedings, of eight operating retail cannabis stores in british columbia and alberta (the "stores") for cad$4.2 million (the "transaction").
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