New Cannabis Ventures’ most recent data release demonstrates that the company is currently the largest revenue-generating one reporting in Canadian dollars.
Windsor, Ontario gets a second canna cabana site thanks to the company.
High tide inc. , a top cannabis retailer with physical stores and a global e-commerce presence, revealed today that it has surpassed its rivals in canada in terms of revenue, according to fresh information just published by the cannabis industry newspaper new cannabis ventures.
“since coming public, we have consistently led the Canadian retail cannabis industry. We are currently the highest-revenue-generating cannabis firm in Canada across the three industries of growing, extraction, and retail, claims new cannabis ventures. This is evidence of our team’s commitment and consistent execution, which has allowed us to surpass our own internal goals over the past few years. High tide was one of Canada’s fastest-growing businesses, according to the globe and mail’s report on business magazine, which assessed companies in 2021 and 2022. In 2022, high tide placed 21 out of 430. Without having more than 29 million dollars in our bank at any given time, we managed to grow exponentially “raj grover, high tide’s president and chief executive officer, remarked.
“as we maintain this positive momentum to further raise our top line significantly in 2023 and beyond, we see lots of prospects in Canada, the united states, and abroad. This increase will come from both our new and current e-commerce platforms, which enable the sale of consumption accessories and CBD items produced from hemp, as well as our ongoing bricks-and-mortar store expansion in Canada. I think that by maintaining our focus on operational execution, we can become one of the cannabis industries’ top revenue-producing businesses. I’d like to take this chance to express my gratitude to our clients, investors, and team members for helping us achieve this accomplishment “mr. Grover remarked.
Options Grant
Furthermore, High Tide announces the issuance of a total of 15,000 incentive stock options (the “Options”) to selected Company employees. Each Option has a three-year expiration date, a two-year vesting period, and is exercisable at the closing price of the Company’s common shares listed on the TSX Venture Exchange (the “TSXV”) on the last trading day just before this news release. The terms of the Company’s Omnibus Plan, which went into effect on June 2, 2022, are what led to the issuance of each Option, which can be used to purchase one common share of the Company (as further explained in a press release from High Tide dated September 14, 2022).
