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Canada's Largest Cannabis Retailer, High Tide, Welcomes Decision to Permit White Label Products in Ontario
Canada's Largest Cannabis Retailer, High Tide, Welcomes Decision to Permit White Label Pr...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n Canada's Largest Cannabis Retailer, High Tide, Welcomes Decision to Permit White Label Products in Ontario\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 28, 2022\n \n \n /CNW/ - High Tide Inc. (\"High Tide\" or the \"Company\") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA),\n \n Canada's\n \n largest cannabis retailer, with 113 cannabis retail stores currently operating nationwide, including 34 in\n \n Ontario\n \n ,\n \n \n 1\n \n \n welcomes the Alcohol and Gaming Commission of\n \n Ontario's\n \n (AGCO) decision to amend the Registrar's Standards for Cannabis Retail Stores, effective\n \n June 30\n \n , to permit retail cannabis licensees to enter into agreements with Licensed Producers related to store brand or white label cannabis products. The change comes after extensive consultation with industry stakeholders and was supported by the\n \n Ontario\n \n Chamber of Commerce.\n \n \n \n \n \n \n \n \n \n \"The AGCO has shown that it is willing to listen to the concerns of stakeholders. Today's revisions to the Registrar's Standards will mean that when it comes to white label products and store brands,\n \n Ontario's\n \n cannabis retailers will be treated on par with other retail sectors, both regulated and unregulated. The new Standard will also facilitate retailers both large and small, in differentiating their products, brands, and stores,\" said Raj Grover, President and Chief Executive Officer of High Tide. \"With today's news we intend to move quickly to work with the Ontario Cannabis Store to get our under-development Cabana Cannabis Co. products listed in\n \n Canada's\n \n largest province,\" added Mr. Grover.\n \n \n \n GRANT OF OPTIONS\n \n \n \n Furthermore, High Tide granted 5,000 stock options (the \"Options\") to certain employees, tha...