Mr. Raj Grover reports

HIGH TIDE TO OPEN NEW CANNA CABANA IN TORONTO, ONTARIO

High Tide Inc.'s Canna Cabana retail cannabis store located at 150 Silver Reign Dr. in Toronto, Ont., is expected to begin selling recreational cannabis products and consumption accessories for adult use on May 17, 2026. This opening brings High Tide's total store count to 222 Canna Cabana locations across Canada and 98 in the province of Ontario.

This new Canna Cabana location in Toronto's Rexdale neighbourhood is strategically positioned within an established power centre, anchored by leading big-box retailers and co-located alongside national specialty chains and quick-service restaurants. The opening marks Canna Cabana's first entry into this trade area, with no other Canna Cabana locations nearby. The site serves a dense and growing community of more than 263,000 residents within five kilometres, supported by strong household income demographics and is well positioned to welcome adult-use cannabis consumers from across Etobicoke and northwest Toronto.

"This new Rexdale location further strengthens our presence in the Greater Toronto Area and expands Canna Cabana into a high-density retail corridor with attractive long-term demand characteristics. We believe our differentiated discount-club model continues to resonate with consumers seeking value, convenience and a broader loyalty-driven retail experience," said Raj Grover, founder and chief executive officer of High Tide.

"As we approach 100 stores in Ontario and 222 stores nationally, we continue to focus on profitable and disciplined expansion that enhances our competitive advantages and deepens our connection with consumers. We believe our differentiated retail model and growing Cabana Club ecosystem position us to further consolidate market share in Canada's largest cannabis market," added Mr. Grover.

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 222 domestic and one international location. The company's Canadian bricks-and-mortar operations span 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. In 2025, the company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany.
• Medical cannabis distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a 14-per-cent share of the German medical cannabis market, 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 2025 for the fifth 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.

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