High Tide Inc. (High Tide) is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories.
As of October 31, 2024, the company was one of the largest cannabis retailers in Canada, with various operating retail cannabis locations (including jointly owned store locations) across Canada. As a vertically integrated company, it is engaged in the Canadian cannabis market through a portfolio of Subsidiaries.
Business and Operations of High Tide's materi...
High Tide Inc. (High Tide) is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories.
As of October 31, 2024, the company was one of the largest cannabis retailers in Canada, with various operating retail cannabis locations (including jointly owned store locations) across Canada. As a vertically integrated company, it is engaged in the Canadian cannabis market through a portfolio of Subsidiaries.
Business and Operations of High Tide's material Subsidiaries
Canna Cabana
Canna Cabana is High Tide's primary retail cannabis business, offering for retail sale various cannabis products and accessories through its provincially authorized cannabis retail store locations. As of October 31, 2024, Canna Cabana operated a retail cannabis chain with branded stores operating across Canada, in the provinces of Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan.
Canna Cabana's flagship retail concept is designed to expose customers to a unique, consistent and scalable retail design and customer experience, and to emphasize the holistic and natural qualities of cannabis. Through its in-store displays, its highly trained and knowledgeable staff, and a tailored store atmosphere, Canna Cabana aims at creating a sophisticated yet playful customer experience, while educating customers and providing them with insight and guidance with respect to its product offerings.
Meta Growth
Meta Growth is High Tide's secondary retail cannabis business offering for retail sale various cannabis products and accessories through its provincially authorized cannabis retail store locations.
Grasscity Entities
The Grasscity Entities operate Grasscity.com, one of the world's premier online stores for smoking accessories and cannabis lifestyle products. Grasscity.com is one of the most searched and visited smoking accessories retailers. Grasscity.com offers an extensive selection of hand-picked smoking accessories and cannabis lifestyle products, from grinders and rolling papers to one-of-a-kind glass bongs, smoking pipes, oil rigs and bubblers and Hemp CBD products, such as CBD flower and CBD gummies. The Grasscity.com e-commerce platform generates the majority of its revenues from customers located in the United States.
Valiant Canada and Valiant
Valiant Canada and Valiant are an established designers and international leaders in the manufacture and distribution of high-quality, innovative cannabis accessories. Valiant Canada and Valiant offer a suite of proprietary brands which have over time become well known amongst consumers. Valiant Canada's proprietary brands include names such as Dopezilla, Atomik, Evolution, Puff Puff Pass, Vodka Glass and Cabana Cannabis Co.
Valiant Canada's and Valiant's design and development team continues to design products tailored to evolving market trends and consumer preferences that reflect technological innovation and comply with applicable Laws. Through its relationships with its manufacturers, based in Asia, Canada, the United States, and elsewhere, which specialize in various areas of assembly and manufacturing, Valiant Canada continues to deliver to market a suite of high quality, proprietary products (such as high-quality rolling papers), as well as third-party branded products (such as Raw, Zig Zag, and Pax).
Valiant Canada and Valiant are also established leaders in the manufacture and distribution of branded smoking accessories and other alternative lifestyle products. Valiant Canada and Valiant distribute its products to wholesalers and retailers across the globe through business-to-business distribution channels and through a business-to-customer retail e-commerce platform. Valiant Canada and Valiant have established relationships with a wide network of distributors, wholesalers and retailers with a presence across Canada, the United States and Europe, with the majority of its products being offered for sale in the United States.
Smoke Cartel
Smoke Cartel is one of the leading online retailers of glass water pipes, vaporizers, consumption accessories, and Hemp-derived products, including CBD products. Smoke Cartel provides a marketplace with a wide variety of high-quality products, subscription boxes, reliable customer service, and rapid dependable shipping. Smoke Cartel leverages its proprietary marketplace technology to seamlessly connect brands & vendors with its growing customer base built over the last nine years. Smoke Cartel's website at www.smokecartel.com offers fast load times and optimizations, making the customer experience quick, seamless, and engaging. Smoke Cartel conducts its operations within states of the U.S. in which the sale of Hemp-based CBD products does not violate state-controlled substance Laws.
FABCBD
FABCBD is one of the leading online retailers of Hemp-derived CBD products. FABCBD provides a wide variety of high-quality products and formulas, affordable pricing, rapid dependable shipping, and surprisingly personable customer service. FABCBD's website at www.fabcbd.com.
FABCBD has quickly grown to become one of the most popular brands for Hemp-derived CBD products across the U.S., including CBD oils, topicals, gummies, as well as pet products. FABCBD only conducts its operations within states of the U.S. in which the sale of Hemp-based products does not violate State-controlled substance Laws.
Daily High Club
With over one million consumption accessories sold, Daily High Club is one of the leading online retailers of glass water pipes, vaporizers, and other in demand consumption accessories. Daily High Club provides a marketplace with a wide variety of high-quality products and subscription boxes. Daily High Club has an active social media presence with numerous influencer and celebrity endorsements. The company's website at www.dailyhighclub.com offers an engaging and fun shopping experience.
Dankstop
Dankstop is a leading online consumption accessories retailer. Leveraging its in-house technology, Dankstop now offers a variety of business-to-business services for the cannabis industry in addition to its retail websites ranging from drop shipping to third party logistics.
Blessed
Blessed is one of the leading online retailers of Hemp-derived CBD products in the U.K. The company provides a marketplace with a wide variety of high-quality products and formulas, affordable pricing, rapid dependable shipping, and surprisingly personable customer service. Blessed has been featured as the best U.K. CBD Oil in several publications, including The Mirror, Reader's Digest, and Maxim Magazine.
NuLeaf
NuLeaf is one of America's leading cannabinoid companies. Since 2014, NuLeaf has been committed to creating the world's highest quality cannabinoid products in their most pure and potent form. NuLeaf's manufacturing facility is cGMP certified, enabling them to create innovative cannabinoid formulations while exceeding the highest levels of regulatory requirement. The company is committed to creating safe, consistent, and effective products and has proudly received over 35,000 verified five-star customer reviews through their e-commerce platform. NuLeaf only conducts its operations within states of the U.S. in which the sale of Hemp-based products does not violate State-controlled substance Laws.
Retail Cannabis Stores
As of October 31, 2024, High Tide operated a total of various cannabis retail stores, consisting of cannabis retail stores in the province of Alberta, cannabis retail stores in the Province of Ontario, cannabis retail stores in the province of Saskatchewan, cannabis retail stores in the province of Manitoba, and cannabis retail stores in the province of British Columbia.
Production and Sales
Valiant Canada, High Tide's wholesale Subsidiary, manufactures consumption accessories that are sold through the company's bricks and mortar retail cannabis stores and online through www.Grasscity.com.
Intangible Properties
High Tide's consumer-focused brands, Canna Cabana, Meta Growth, Fastendr, Grasscity Entities, Smoke Cartel, FABCBD, Daily High Club, Dankstop, Blessed, and NuLeaf have been an important part of the operation of the company, and trademarks and other intellectual property rights continue to be essential to maintain the success and competitive position of the company.
Foreign Operations
As of October 31, 2024, High Tide conducted operations in the United States through Valiant Canada, NuLeaf, FABCBD, Smoke Cartel, Daily High Club, and Dankstop, within States in which they sell branded consumption accessories and other alternative lifestyle products that are permitted under applicable Laws.
As of October 31, 2024, High Tide also conducted operations in the Netherlands through the Grasscity Entities, in accordance with applicable Laws.
As of October 31, 2024, High Tide also conducted operations in the U.K. through Blessed, in accordance with applicable Laws.
As of October 31, 2024, High Tide also conducted operations in Germany, in accordance with applicable Laws.
History
The company was founded in 2009. It was incorporated under the Business Corporations Act (Alberta) in 2018. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018.
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