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Stock impact report

High Tide Welcomes Alberta's Decision to Allow Private Label Cannabis Sales [Yahoo! Finance]

High Tide Inc. - Common Shares (HITI) 
Company Research Source: Yahoo! Finance
CALGARY, AB June 4, 2024 /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, welcomed the announcement by Alberta Gaming Liquor and Cannabis' (AGLC) that it has amended its Retail Cannabis Store Handbook to allow private label cannabis sales. This is good news for High Tide's Cabana Cannabis Co. brand which is already in-market in Ontario Manitoba and Saskatchewan , and for the newly acquired Queen of Bud brand, which is also available in Ontario . The Company looks forward to bringing both brands to Alberta consumers as soon as possible. "I am thrilled to see the AGLC take action to join other Canadian provinces in allowing private label cannabis sales after years of advocacy from High Tide and other industry partners. This news, which follows Alberta's earlier decision to allow cannabis pop-ups at adults-only festivals and Show less Read more
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