Approved on behalf of the Board: (Signed) "Harkirat (Raj) Grover" (Signed) "Nitin Kaushal" Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended July 31, 2023 and 2022 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statement For the three and nine months ended July 31, 2023 and 2022 Condensed Interim Consolidated Financial Statements for the three and nine months ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2023 was $118.1 million, up 46% year-over-year and consistent sequentially despite three fewer days in the quarter [5][52] - Adjusted EBITDA reached a record $6.6 million, representing a 174% increase year-over-year and a 20% sequential increase, marking the 13th consecutive quarter of positive adjusted EBITDA [6][29] - Fully diluted earnings per share showed a loss of $0.02, significantly improved from a loss of $0.14 in Q2 2022 and a loss of $0.05 in Q1 2023 [6][52] - Cash flows from operations before changes in non-cash working capital were $5.5 million, marking a 241% increase year-over-year [45][54] Business Line Data and Key Metrics Changes - General and Administrative (G&A) expenses decreased to $6.2 million, down $1.3 million sequentially, and represented 5% of revenue in Q2 2023 compared to 6% in Q1 2023 [8][19] - Same-store sales increased by 30% year-over-year and 1% sequentially, with average daily same-store sales up 5% sequentially for the quarter [35][101] - Consolidated gross margin remained consistent at 27%, with gross profit of $31.6 million, up 39% year-over-year [16][62] Market Data and Key Metrics Changes - Canadian revenue represented 88% of total revenue, continuing to be the main focus and driver of growth [16] - The company's market share outside Quebec rose to 9.5% in Q2 from 9% in Q1, marking the seventh consecutive quarter of gains [40] - The average store in Ontario generates more than 3.5 times the revenue of provincial peers, while Alberta stores generate more than twice as much [10] Company Strategy and Development Direction - The company aims to become free cash flow positive by the end of the calendar year, focusing on operational efficiency and cost control [37][50] - Plans to expand retail presence include adding six to eight new locations in the second half of the year, with a long-term goal of achieving 15% market share [31][80] - The company is exploring M&A opportunities, particularly in light of recent market consolidations, while remaining disciplined in its approach [66][80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued same-store sales growth despite a challenging market environment, anticipating that the number of stores will decline while total industry sales expand [48][101] - The company highlighted the importance of navigating the current macroeconomic challenges and maintaining a strong balance sheet [11][36] - Management noted that the illicit market still represents a significant portion of retail sales, indicating potential for growth if this share can be reclaimed [111] Other Important Information - The company ended the quarter with $22.5 million in cash and is in discussions to increase its credit line with ConnectFirst [20][36] - The company has seen a significant increase in its Cabana Club membership, reaching over 1 million members, which is the largest loyalty program in Canadian cannabis retail [47] - The company is focused on enhancing its ELITE offerings, aiming for 25% to 30% of product selection to be ELITE only [53] Q&A Session Summary Question: Comments on competitive landscape and consolidation opportunities - Management acknowledged the recent challenges faced by competitors and indicated that this could present opportunities for High Tide to acquire quality assets [22][56] Question: Plans for new store growth and cash flow generation - Management confirmed plans to open more stores in the second half of the year while maintaining a focus on free cash flow generation [32][59] Question: E-commerce performance and adjusted EBITDA - Management stated that e-commerce sales have slowed but are still generating adjusted EBITDA, with a focus on maintaining operational efficiency [75][76] Question: Free cash flow guidance and capital allocation plans - Management emphasized the goal of achieving free cash flow positivity and indicated plans to accelerate growth through organic expansion and potential M&A opportunities once this is achieved [78][80] Question: G&A cost savings and advertising spend - Management reported significant reductions in G&A expenses and noted a strategic decrease in advertising spend in response to market conditions [82][95]

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and six months ended April 30, 2023 and 2022 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statement For the three and six months ended April 30, 2023 and 2022 Condensed Interim Consolidated Financial Statements for the three and six months ended April 30, 2023 and 2022. The accompanying unaudited condensed interim consolidated fin ...

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8 • Our discount club model offers unbeatable prices, leveraging our unique strengths of vertical integration, our diversified ecosystem, through our rapidly growing Cabana Club loyalty plan (950,000 members1) 9 • For a limited time, in an effort to accelerate ELITE adoption and showcase its benefits, the first year of ELITE is offered at $2.50 per month, a 50% discount10 • White label offerings are across THC, CBD and consumption accessory products RETAIL 12 • Founded in 2014, High Tide acquired 80% in Nov ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three months ended January 31, 2023 and 2022 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statement For the three months ended January 31, 2023 and 2022 Condensed Interim Consolidated Financial Statements for the three months ended January 31, 2023 and 2022. The accompanying unaudited condensed interim consolidated financial statements ...

While much of the capital markets was focused on what may or may not happen in Washington, we had our heads down plowing our business forward. Our Cabana club membership currently stands at approximately 950,000 members versus 379,000 when we announced our Q4 2021 results a year ago. Per Health Canada's 2022 Canadian cannabis service findings, we calculate that over 13% of cannabis users outside Quebec are members of our loyalty plan, a true achievement and by far, the largest such program in Canada. Accord ...

High Tide Inc. (NASDAQ:HITI) Q3 2022 Earnings Conference Call September 14, 2022 5:30 PM ET Company Participants Krystal Dafoe - IR Raj Grover - President and CEO Rahim Kanji - CFO Conference Call Participants Frederico Gomes - ATB Capital Andrew Semple - Echelon Capital Markets Doug Cooper - Beacon Securities Operator Good evening. My name is Dante, and I will be your conference operator today. At this time, I would like to welcome everyone to High Tide Inc.Â's Third Quarter of 2022 Unaudited Financial and ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended July 31, 2022 and 2021 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statement For the three and nine months ended July 31, 2022 and 2021 Condensed Interim Consolidated Financial Statements for the three and nine months ended July 31, 2022 and 2021. The accompanying unaudited condensed interim consolidated fin ...

High Tide Inc. (NASDAQ:HITI) Q2 2022 Earnings Conference Call June 14, 2022 5:30 PM ET Company Participants Krystal Dafoe - Investor Relations Raj Grover - President and Chief Executive Officer Rahim Kanji - Chief Financial Officer Conference Call Participants Scott Fortune - ROTH Capital Partners Frederico Gomes - ATB Capital Pablo Zuanic - Cantor Fitzgerald Andrew Semple - Echelon Capital Markets Operator Good afternoon. My name is Tania, and I will be your conference operator for today. At this time, I w ...