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High Tide announces purchases of shares by insiders

(CNW) Calgary — High Tide Inc., the high impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that certain officers, directors, and consultants led by the company’s president and chief executive officer, in the aggregate, acquired 125,917 common shares in the capital of High Tide on the open market between November 20 and November 21 at an average price of $1.88 per common share.

The purchase of common shares by certain officers, directors, and consultants reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the company. With these purchases, insiders and certain consultants, in the aggregate, now own or control 7,289,391 common shares, representing approximately 9.37 per cent of the company’s issued and outstanding common shares as of November 21, 2023.  These purchases are over and above those disclosed in the company’s news release dated March 30, 2023, where certain officers, directors, and consultants acquired 258,921 common shares at an average price of $1.59 per common share.