• The Company is Now the Second-Largest Cannabis Retailer in North America by Store Count ¹

• High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars²

• The Company Generated $3.6 Million of Positive Free Cash Flow³ in the Quarter, Despite a $5.4 Million Reduction in Accounts Payable and Accrued Liabilities. Over the Last Three Quarters, the Company Generated $13.3 Million Dollars in Free Cash Flow

• The Company Generated Breakeven Net Income With Fully Diluted Earnings Per Share of $0.00 Versus $(0.05) in the First Fiscal Quarter of 2023. The Company Also Generated Record Income From Operations of $2.8 Million, Versus $(3.9) Million in the First Fiscal Quarter of 2023

• 16th Consecutive Quarter of Positive Adjusted EBITDA⁴, Representing a 90% Increase Year-Over-Year and 25% Sequentially, Marking the Company’s 6th Straight Quarter of Record Positive Adjusted EBITDA

• The Company’s Adjusted EBITDA Margin of 8.1% Marked Large Increases vs 4.7% Year-Over-Year, and From 6.6% Sequentially

• During the First Fiscal Quarter of 2024, Canna Cabana Held Over 19% of the Cannabis Retail Market Share in Alberta and 9% in Ontario. Across the Five Provinces in Which the Company Has a Presence, Canna Cabana Represented Over 10% of the Market Share in Dollars While Only Representing Approximately 4.7% of the Total Cannabis Retail Store Count in Those Provinces⁵

• The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada With 165 locations and Over 1.32 Million Cabana Club Members, Approximately 32,000 ELITE Members and a Global Customer Database Surpassing 5 Million

Pr -> https://hightideinc.com/high-tide-reports-first-quarter-2024-financial-results-featuring-record-revenue-record-adjusted-ebitda-and-third-consecutive-quarter-of-positive-free-cash-flow-as-well-as-break-even-net-income/

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