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6-K 1 hightide6k.htm FORM 6-K High Tide Inc.: Form 6-K - Filed by newsfilecorp.com

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2025

Commission File Number: 001-40258

HIGH TIDE INC.

(Registrant)

11127 – 15 Street N.E., Unit 112

Calgary, Alberta

Canada T3K 2M4

(Address of Principal Executive Offices)

 

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

 

 


 

 

EXPLANATORY NOTE

 

Form 20-F ☐ Form 40-F ☒ High Tide Inc. is providing this information in connection with the reporting of its change in auditor pursuant to Section 4.11 of National Instrument 51-102 - Continuous Disclosure Obligation as filed with the Canadian Securities Administrators on SEDAR+.

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

HIGH TIDE INC.

 

 

 

 

(Registrant)

 

 

 

 

Date: April 22, 2025

 

 

 

By

 

/s/ Raj Grover

 

 

 

 

 

 

Raj Grover

 

 

 

 

 

 

President and Chief Executive Officer

 

 

 

 

 

 

 

 


EXHIBIT INDEX

     

Exhibit

   Description of Exhibit
   
99.1   News Release dated April 22, 2025
     
99.2   Notice of Change in Auditor
     
99.3   Letter from Ernst & Young LLP
     
99.4   Letter from Davidson & Company LLP

EX-99.1 2 ex991.htm NEWS RELEASE DATED APRIL 22, 2025

EXHIBIT 99.1

 

  

 

High Tide Announces Change of Auditors

CALGARY, AB, April 22, 2025 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announces that it has changed its auditor from Ernst & Young LLP, Chartered Professional Accountants (the "Predecessor Auditor") to Davidson & Company LLP, Chartered Professional Accountants (the "Successor Auditor") effective April 17, 2025. The Predecessor Auditor resigned effective April 17, 2025, at the Company's request, and the Company's board of directors, upon the audit committee's recommendation, appointed the Successor Auditor to fill the resulting vacancy until the close of the next annual meeting of the Company's shareholders.

The change of auditor notice required pursuant to National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102") and associated material have been filed on SEDAR+ (www.sedarplus.ca) under the Company's profile within the prescribed time period. There were no reservations or modified opinions in any auditor's reports nor any reportable events as defined in NI 51-102 in connection with the audits by the Predecessor Auditor of the Company's most recently completed financial year or any subsequent period.

ABOUT HIGH TIDE

High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant and is the second-largest cannabis retailer globally by store count1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:

Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 196 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in the world.

Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup.

Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.

Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more.

CBD: High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.

Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™.

Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.

High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2024 for the fourth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

____________________________
1 As reported by ATB Capital Markets based on store counts as of February 6, 2025

CONTACT INFORMATION

Media Inquiries
Carter Brownlee
Communications and Public Affairs Advisor
High Tide Inc.
cbrownlee@hightideinc.com
403-770-3080

Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
vahan@hightideinc.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the approval of the shareholders at the annual meeting. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-announces-change-of-auditors-302433893.html

SOURCE High Tide Inc.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/22/c7727.html

%CIK: 0001847409

CO: High Tide Inc.

CNW 06:00e 22-APR-25

EX-99.2 3 ex992.htm NOTICE OF CHANGE IN AUDITOR

EXHIBIT 99.2

 

 

 

HIGH TIDE INC.

NOTICE OF CHANGE OF AUDITOR

To: Davidson & Company LLP
And To: Ernst & Young LLP
And To: TSX Venture Exchange
  British Columbia Securities Commission
  Alberta Securities Commission
  Ontario Securities Commission
  Financial And Consumer Services Commission (New Brunswick)
  Manitoba Securities Commission
  Nova Scotia Securities Commission
  Autorité Des Marchés Financiers
  Financial And Consumer Affairs Authority of Saskatchewan
  Office of the Superintendent of Securities (Prince Edward Island)
  Office of the Superintendent of Securities (Newfoundland& Labrador)
  Office of the Superintendent of Securities (Northwest Territories)
  Department of Justice (Nunavut)
  Department of Community Services (Yukon)

 

TAKE NOTICE THAT, High Tide Inc. (the “Company”) gives the following notice in accordance with 4.11 of National Instrument 51-102 - Continuous Disclosure Obligations (“NI 51-102”):

1. The Company has decided to change its auditor from Ernst & Young LLP (the “Predecessor Auditor”) to Davidson & Company LLP (the “Successor Auditor”).
2. On April 17, 2025, the Predecessor Auditor resigned at the Company’s request and the Successor Auditor agreed to its appointment as the Company’s new auditor.
3. The Company’s request for the Predecessor Auditor to resign as auditor of the Company and the appointment of the Successor Auditor as auditor of the Company, were considered and approved by the audit committee of the Company and by the board of the directors of the Company.
4. There were no modified opinions in the Predecessor Auditor’s reports in connection with the audits of the Company’s two most recently completed fiscal years ended October 31, 2024 and 2023. There have been no further audits of financial statements subsequent to the Company’s most recently completed fiscal year and ending on the date of the Predecessor Auditor’s resignation.
5. There are no “reportable events”, as defined in section 4.11(7)(e) of NI 51-102.

DATED this 17th day of April, 2025.

ON BEHALF OF HIGH TIDE INC.
 
 
 
/s/ Mayank Mahajan
Name: Mayank Mahajan
Title: Chief Financial Officer

 

EX-99.3 4 ex993.htm LETTER FROM ERNST & YOUNG LLP

EXHIBIT 99.3

 

 

 

 

 

April 17, 2025

 

Alberta Securities Commission

British Columbia Securities Commission

Manitoba Securities Commission

Financial and Consumer Services Commission (New Brunswick)

Office of the Superintendent of Securities Service Newfoundland and Labrador

Nova Scotia Securities Commission

Office of the Superintendent of Securities (Northwest Territories)

Nunavut Securities Office - Office of the Superintendent of Securities

Ontario Securities Commission

Financial and Consumer Services Division (Prince Edward Island)

Autorité des marchés financiers (Québec)

Financial and Consumer Affairs Authority of Saskatchewan

Office of the Yukon Superintendent of Securities

Dear Sirs/Mesdames:

 

Re: High Tide Inc.
  Change of Auditor Notice dated April 17, 2025

 

 

Pursuant to National Instrument 51-102 (Part 4.11), we have read the above-noted Change of Auditor Notice and confirm our agreement with the information contained in the Notice pertaining to our firm.

Yours sincerely,

/s/ Ernst & Young LLP

Chartered Professional Accountants

 

cc: The Board of Directors, High Tide Inc.

 

EX-99.4 5 ex994.htm LETTER FROM DAVIDSON & COMPANY LLP

 

 

EXHIBIT 99.4

 

 

 

 

 

April 17, 2025

 

TSX Venture Exchange

British Columbia Securities Commission

Alberta Securities Commission

Ontario Securities Commission

Financial And Consumer Services Commission (New Brunswick)

Manitoba Securities Commission

Nova Scotia Securities Commission

Autorite Des Marches Financiers

Financial And Consumer Affairs Authority of Saskatchewan

Office of the Superintendent of Securities (Prince Edward Island)

Office of the Superintendent of Securities (Newfoundland& Labrador)

Office of the Superintendent of Securities (Northwest Territories)

Department of Justice (Nunavut)

Department of Community Services (Yukon)

 

Dear Sirs / Mesdames

 

Re: High Tide Inc. (the "Company")

Notice Pursuant to NI 51 - 102 of Change of Auditor

 

 

As required by the National Instrument 51-102 and in connection with our proposed engagement as auditor of the Company, we have reviewed the information contained in the Company's Notice of Change of Auditor, dated April 17, 2025, and agree with the information contained therein, based upon our knowledge of the information relating to the said notice and of the Company at this time.

 

Yours very truly,

 

 

DAVIDSON & COMPANY LLP

Chartered Professional Accountants