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HITI begins selling seeds

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High Tide Enters New Vertical in the United States With Launch of Cannabis Seeds
6:00 AM ET 12/13/22 
   -- The global cannabis seeds market was valued at USD $1.3 billion in 2021 
      and is projected to reach USD $6.5 billion by 2031 with an expected CAGR 
      of 18.4% from 2022-20231 
   -- Over the last 12 months, generated close to 24 million page 
      views with 3.8 million users 
   -- Over the last 12 months, forums, which include a 
      significant number of users with an interest in seeds, has seen 6.2 
      million users on its platform with nearly 12 million page views 
   -- Over the last 12 months, generated 42.6 million page 
      views with 6.5 million users 

CALGARY, AB, Dec. 13, 2022 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has begun selling cannabis seeds in the United States, initially through its wholly owned subsidiaries Grasscity and Smoke Cartel, which are the two most popular e-commerce platforms for consumption accessories in the world.(2) The Company plans to expand seed sales to additional online retail platforms within its portfolio in 2023.(3) This launch comes on the heels of the American Drug Enforcement Agency's recent official determination that cannabis seeds fall under the legal definition of hemp and can therefore be sold openly in the United States.

"With our entry into this new and exciting complementary vertical, we continue to extend and strengthen our integrated value chain, providing our customers with a complete cannabis experience, in addition to the opportunity to further enhance our consolidated gross margin profile. This new business venture will greatly expand our U.S. customer base, which already sits at 2.4 million through our ancillary cannabis business lines, and sets us up well to take advantage of federal legalization in the United States when it comes. This further diversification into the U.S. seeds market also strengthens our Canadian discount club model, as this new vertical is expected to generate significantly higher gross margins than our core brick-and mortar-business, which will help us continue to offer unbeatable prices to our Cabana Club members," said Raj Grover, President and Chief Executive Officer of High Tide.

(1) Source: Cannabis Seeds Market Size, Share | Industry Forecast Till 2031 
(2) Based on 2022 site traffic data from SEMRush 
(3) The Company has secured a legal opinion from a leading US law firm, to 
commence sales of cannabis seeds in the US 

"GrassCity and Smoke Cartel, due to their top SEO rankings, organically built over the last twenty-two and eight years, respectively, generate some of the highest online traffic in the consumption accessories space, which is why it makes sense for us to leverage this strength as we launch this new vertical in the United States. Innovation has always been a cornerstone of High Tide's strategy, and today's announcement is yet another example of how we will never stop looking for ways to enhance shareholder value while differentiating ourselves from the competition," added Mr. Grover.


The Company also announced that its Board of Directors has approved a grant of 106,635 restricted share units ("RSUs") to directors 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.


High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest non-franchised cannabis retail chain in Canada, with 142 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The Company is also North America's first cannabis discount club retailer, under the Canna Cabana banner, which is the single-largest cannabis retail brand in Canada, with additional locations under development across the country. High Tide's portfolio also includes retail kiosks and smart locker technology -- Fastendr(TM). High Tide has been serving consumers for over a decade through its established e-commerce platforms, including,,, and and more recently in the hemp-derived CBD space through,,,, and Amazon United Kingdom, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide was featured in the Report on Business Magazine's ranking of Canada's Top Growing Companies in both 2021 and 2022 and was named as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50(TM). High Tide's strategy as a parent company is to extend and strengthen its integrated value chain while providing a complete customer experience and maximizing shareholder value.

D. H. Taylor reacted
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Joined: 3 years ago
Posts: 1185

@gtosali1967 So... this is both THC-heavy and CBD-heavy seeds?  This does not really specify.  But, I'd actually be interested in the CBD things and maybe extracting some CBD oils.  However, CBD is oil based and difficult for the body to convert.  Still, I'd love to grow some CBD plants in what is turning out to be a growing hydroponic garden.  

And, since I have this garden, I have friends that have inquired about me doing a few plants for them which, I do not consume THC.  But, it would be an interesting experiment and continue my hydro understanding.  


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