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High Tide Reports Third Quarter 2023 Financial Results Featuring Positive Free Cash Flow of $4 1 Million and Fourth Consecutive Quarter of Record Revenue and Adjusted EBITDA of $124 4 Million and $10 2 Million, Respectively

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,.

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High Tide Reports Third Quarter 2023 Financial Results Featuring Positive Free Cash Flow of $4 1 Million and Fourth Consecutive Quarter of Record Revenue and Adjusted EBITDA of $124 4 Million and $10 2 Million, Respectively

High Tide Reports Third Quarter 2023 Financial Results Featuring Positive Free Cash Flow of $4 1 Million and Fourth Consecutive Quarter of Record Revenue and Adjusted EBITDA of $124 4 Million and $10 2 Million, Respectively
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Record-Breaking Q2 2023 Revenue: High Tide Secures $118 1M, Sets New Benchmark For Non-Franchise Cannabis Retailers - High Tide (NASDAQ:HITI)

High Tide (NASDAQ: HITI), a leading non-franchise cannabis retailer in Canada announced its Q2 2023 results late Wednesday. The company achieved a record-breaking revenue of $118.1 million, up $37.1M YoY, marking the third consecutive quarter of exceptional performance.

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High Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118 1 Million and $6 6 Million, Respectively

The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar.

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High Tide Reports Third Consecutive Quarter of Record Revenue and Adjusted EBITDA of $118 1 Million and $6 6 Million, Respectively

The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar Year This news release constitutes a. | June 15, 2023

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