High Tide Inc 6-K, filed Feb 27, 2023
High Tide Inc. (HITI)
About this 6-K
High Tide Inc filed this 6-K on February 27, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2023
Commission File Number: 001-40258
HIGH TIDE INC.
(Registrant)
11127 - 15 Street N.E., Unit 112
Calgary, Alberta
Canada T3K 2M4
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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HIGH TIDE INC. |
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(Registrant) |
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Date: February 27, 2023 |
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By |
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/s/ Raj Grover |
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Raj Grover |
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President and Chief Executive Officer |
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EXHIBIT INDEX
| Exhibit | Description of Exhibit | |
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Press Release dated February 27, 2023 - High Tide to Announce First Quarter 2023 Financial Results |
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Exhibit 99.1
High Tide to Announce First Quarter 2023 Financial Results
CALGARY, AB, Feb. 27, 2023 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, said today that it will release its financial and operational results for the quarter ended January 31, 2023, after financial markets close on Friday, March 17, 2023. High Tide's first quarter 2023 financial and operational results will be available on SEDAR, EDGAR, and on the Company's website at https://hightideinc.com/invest.
Following the release of its first quarter 2023 financial and operational results, High Tide will host a webcast with Raj Grover, President and Chief Executive Officer, and Sergio Patino, Interim Chief Financial Officer, to discuss the Company's financial results and its plans for the rest of 2023, at 11:30 AM Eastern Time on Monday, March 20, 2023.
Webcast Link for High Tide Earnings Event:
| https://events.q4inc.com/attendee/193203965 | |
| Joining by Telephone: | |
| Canada dial-in number (Toll-Free): | 1 833 950 0062 |
| Canada dial-in number (Local): | 1 226 828 7575 |
| United States (Toll-Free): | 1 833 470 1428 |
| United States (Local): | 1 404 975 4839 |
| All other locations: | 1 929 526 1599 |
| Participant access code: | 291706 |
Participants will need to enter the participant access code before being met by a live operator
Employee Stock Options Grant
In addition, High Tide announces the grant of 258,000 incentive stock options (the "Options") to various employees, consultants and management of the Company. Each Option is exercisable at the closing price of the Company's common shares listed on the TSX Venture Exchange (the "TSXV") based on the last trading day immediately prior to this press release, expires three years from the date of grant, and vests over a two-year period. Each Option is exercisable to purchase one common share of the Company and are being issued pursuant to the terms of the Company's Omnibus Plan, which became effective on June 2, 2022.
Grant of Restricted Share Units
The Company also announced that its Board of Directors has approved a grant of 706,250 restricted share units ("RSUs") to various employees, consultants and management of the Company pursuant to the Company's restricted share unit plan. Each RSU entitles the holder to acquire one common share of the Company upon vesting.
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Brick & Mortar Retail: Canna Cabana™ is the largest non-franchised cannabis retail chain in Canada, with 151 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and growing. Canna Cabana is also the first cannabis discount club retailer in Canada.
Retail Innovation: Fastendr™ is a unique and fully automated technology that integrates retail kiosks and smart lockers to facilitate a better buying experience through browsing, ordering and pickup.
E-commerce Platforms: High Tide operates a suite of some of the world's most popular consumption accessories sites, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
CBD: High Tide continues to cultivate the potential of CBD globally through Nuleafnaturals.com, FABCBD.com, and BlessedCBD.co.uk.
Wholesale Distribution: High Tide keeps the consumption accessories category stocked through wholesale solutions via Valiant™.
High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies in both 2021 and 2022 by Report on Business Magazine. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss High Tide's profile pages on SEDAR, EDGAR and on the Company's website at https://hightideinc.com/invest.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-to-announce-first-quarter-2023-financial-results-301756087.html
SOURCE High Tide Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/27/c9518.html
%CIK: 0001847409
For further information: Media Inquiries: Omar Khan, Chief Communications and Public Affairs Officer, High Tide Inc., omar@hightideinc.com; Investor Inquiries: Vahan Ajamian, Capital Markets Advisor, High Tide Inc., vahan@hightideinc.com
CO: High Tide Inc.
CNW 06:00e 27-FEB-23