High tide reports third quarter 2022 financial results featuring a 98% increase in revenue and tenth straight quarter of positive adjusted ebitda

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. same-store sales increased by 46% compared to the same quarter last year and 18% sequentially reports 77% sequential increase in adjusted ebitda to $4.2 million current annual revenue run rate of over $400 million and is now within striking distance of having the highest revenue of any cannabis company reporting in canadian dollars the cabana club loyalty program, which is the largest in canadian cannabis retail, has surpassed 750,000 members, with over 90% of daily transactions conducted by club members anticipates launching enhanced fee-based cabana elite membership program by the end of calendar 2022 calgary, ab , sept.
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