High Tide to Combine with Meta Growth, Creating the Largest Cannabis Retailer in Canada

Strong Balance Sheet with an Estimated $21 million in Combined Cash to Support Growth

CALGARY, AB and TORONTO, Aug. 21, 2020 /CNW/ – High Tide Inc. (CSE: HITI) (OTCQB: HITIF) (Frankfurt: 2LY) (“High Tide” or the “Company“) and Meta Growth Corp. (TSXV: META) (“Meta Growth” or “META“) are pleased to announce that they have entered into a definitive arrangement agreement dated August 20, 2020 (the “Arrangement Agreement“) pursuant to which High Tide will acquire all of the issued and outstanding shares (the “META Shares“) of Meta Growth (the “Transaction“).

Pro forma company is currently the single largest Canadian cannabis retailer by revenue with approximately $133 million in annualized revenue.2