Excessive Tide Publicizes SEC Submitting of Type 40-F Milestone for NASDAQ Itemizing
“We have been the primary Canadian hashish retailer to proceed this prestigious itemizing on the Nasdaq and we consider it will enable us to considerably broaden our shareholder base, enhance shareholder worth and speed up our initiatives already. aggressive mergers and acquisitions in Canada, Europe and United States“stated Raj Grover, President and CEO of Excessive Tide.” We’re at the moment in a number of discussions with potential acquisition targets in these jurisdictions and sit up for updating the market quickly, ”added Mr. Grover.
Itemizing of the corporate’s widespread shares on Nasdaq stays topic to Nasdaq approval and satisfaction of all relevant itemizing and regulatory necessities, together with the effectiveness of Type 40-F.
Excessive Tide widespread inventory will proceed to commerce on the OTCQB beneath the image HITIF till Nasdaq approval and itemizing. The widespread shares of Excessive Tide will proceed to commerce on the TSX Enterprise Alternate (“TSXV“) beneath the image” HITI “after the Nasdaq itemizing. There will be no assurance, nevertheless, that Nasdaq approval will probably be obtained.
After receiving all required approvals, the Firm will problem a press launch saying its first buying and selling date on the Nasdaq.
Publication of monetary outcomes for the primary quarter of 2021
Firm to Launch Monetary and Working Outcomes for Quarter Ended January 31, 2021 after market shut April 1, 2021. Excessive Tide’s first quarter 2021 monetary and working outcomes will probably be accessible on SEDAR and on the Firm’s web site at: www.hightideinc.com/make investments.
Following the discharge of its first quarter 2021 monetary and working outcomes, Excessive Tide will host a convention name with Raj Grover, President and CEO, and Rahim kanji, Chief Monetary Officer, at 5:00 p.m. Jap Time positive April 1, 2021. The convention name will focus on Excessive Tide’s monetary and working outcomes for the primary quarter of 2021 and updates on the corporate’s plans for 2021.
WE/CANADA Participant toll-free quantity: (833) 570-1148
WE/CANADA Participant’s worldwide cellphone quantity: (914) 987-7095
Convention ID: 5128837
So as to be part of the convention name, all audio system and contributors might want to present the convention ID listed above.
Encore Evaluation Info (accessible till April 8, 2021)
Encore toll-free quantity: (855) 859-2056
Encore cellphone quantity: (404) 537-3406
Convention ID: 5128837
Along with the toll-free quantity listed above, contributors also can dial (800) 585-8367 to entry Encore.
About Excessive Tide
Excessive Tide is a retail centered hashish firm strengthened by the manufacture and distribution of smoking equipment. The corporate is Canada’s largest leisure hashish retailer measured by income, with 77 present places masking Ontario, Alberta, Manitoba and Saskatchewan. Excessive Tide’s retail section consists of the Canna Cabana, KushBar, Meta Hashish Co., Meta Hashish Provide Co., and NewLeaf Hashish banners, with further places being developed throughout the nation. Excessive Tide has served shoppers for over a decade by way of its many life-style accent companies, together with e-commerce platforms Grasscity.com and CBDcity.com, and its wholesale distribution division beneath Valiant Distribution, together with the producer of licensed leisure merchandise Well-known Brandz. Excessive Tide’s technique as a mother or father firm is to broaden and strengthen its built-in worth chain, whereas delivering a whole buyer expertise and maximizing shareholder worth. The key business buyers in Excessive Tide are Aphria Inc. (TSX: APHA) (NYSE: APHA) and Aurora Hashish Inc. (NYSE: ACB) (TSX: ACB).
Neither TSXV nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of TSXV) accepts duty for the adequacy or accuracy of this launch.
Warning Relating to Ahead-Trying Statements
Sure data contained on this press launch constitutes forward-looking statements beneath relevant securities legal guidelines. All statements contained on this press launch that aren’t statements of historic reality will be thought of as forward-looking statements. Ahead-looking statements are sometimes recognized by phrases akin to “might”, “ought to”, “anticipate”, “count on”, “potential”, “consider”, “intend” or the detrimental of those phrases and comparable expressions. Ahead-looking statements concerning Excessive Tide and its enterprise embrace, however are usually not restricted to, statements concerning: the potential itemizing of Excessive Tide shares on the Nasdaq, the timing of such itemizing, receipt of regulatory approval, and ‘registration on Type 40-F SEC Declaration. The forward-looking occasions and circumstances mentioned on this press launch might not happen on sure specified dates or in any respect and will differ materially as a consequence of identified and unknown threat elements and uncertainties affecting Excessive Tide, together with dangers related to the itemizing of Excessive Tide. titles in United States, a cease of United States authorities, itemizing on the Nasdaq doesn’t present Excessive Tide with expanded entry to worldwide buyers or enhance Excessive Tide’s liquidity, the corporate doesn’t develop globally, which may forestall the corporate from having a platform. – diversified enterprise type for development, as the corporate is just not nicely positioned for added development alternatives, or such alternatives not accessible to Excessive Tide, the dangers related to the geographic markets during which Excessive Tide operates, the related dangers fluctuations in trade charges (together with, with out limitation, forex fluctuations), dangers related to the hashish business and its laws, failure to adjust to relevant legal guidelines, failure to acquire approvals regulatory, financial elements, market circumstances, fairness and debt markets usually, dangers related to development and competitors, market circumstances financial and market, the dangers and uncertainties detailed sometimes in Excessive Tide’s filings with the SEC and Canadian Securities Directors, the COVID-19 pandemic nationally and globally, and governments’ response to the COVID-19 pandemic because it pertains to retail retailer operations and different dangers and plenty of different elements past Excessive Tide’s management. Readers are cautioned that the above checklist is just not exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking statements, as there will be no assurance that any plans, intentions or expectations upon which they’re positioned will probably be achieved. This data, though thought of cheap by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated.
The forward-looking statements contained on this press launch are expressly certified by this cautionary assertion and mirror our expectations as of the date hereof, and are due to this fact topic to alter thereafter. Excessive Tide disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not on account of new data, future occasions or in any other case, besides as required by relevant securities legal guidelines.
SOURCE Excessive Tide Inc.
For extra data: Excessive Tide Inc., Vahan Ajamian, Vice President, Capital Markets, [email protected]