High tide reports first quarter 2024 financial results featuring record revenue, record adjusted ebitda, and third consecutive quarter of positive free cash flow as well as break-even net income

First quarter results include revenue of $128.1 million, adjusted ebitda of $10.4 million, and $3.6 million of free cash flow this news release constitutes a "designated news release" for the purposes of the company's prospectus supplement dated august 31, 2023, to its short form base shelf prospectus dated august 3, 2023 . the company is now the second-largest cannabis retailer in north america by store count 1 high tide remains the highest revenue generating cannabis company reporting in canadian dollars 2 the company generated $3.6 million of positive free cash flow 3  in the quarter, despite a $5.4 million reduction in accounts payable and accrued liabilities.
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