Mr. Raj Grover reports

HIGH TIDE TO OPEN NEW CANNA CABANA IN OTTAWA, ONTARIO

High Tide Inc.'s Canna Cabana retail cannabis store located at 4828 Bank St. in Ottawa, Ontario, is expected to begin selling recreational cannabis products and consumption accessories for adult use on July 24, 2026. This opening brings High Tide's total store count to 229 Canna Cabana locations across Canada and 104 in the province of Ontario.

"As Canada's largest cannabis retailer, we believe our greatest competitive advantage continues to be our ability to deliver exceptional value through a differentiated retail model that keeps members coming back," said Raj Grover, founder and chief executive officer of High Tide.

"We're excited to strengthen our presence in Ottawa with this new location, serving a fast-growing community where we believe our Cabana Club and ELITE membership programs will resonate with both new and existing cannabis consumers," added Mr. Grover.

This new Canna Cabana is located in Findlay's Creek, a rapidly growing suburb in south Ottawa within the broader Gloucester area. Positioned within a well-established retail corridor anchored by a national hardware retailer and a major grocery store, the location serves a growing residential population of more than 25,000 people within a five-kilometre radius.

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 229 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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