CALGARY, AB – High Tide Inc. (NASDAQ:) (TSXV:HITI), a prominent player in the retail cannabis sector, has announced a new agreement to distribute cannabis products in Manitoba. Through its subsidiary, Valiant Distribution Canada, High Tide will supply cannabis retailers in the province, as confirmed today.
The deal with the Manitoba Liquor and Lotteries Corporation (MBLL) enables Valiant to manage inventory and track products sourced from licensed producers, enhancing its distribution network. This agreement marks an expansion of High Tide’s wholesale operations, which already include Saskatchewan and international markets through its facilities in Las Vegas and Amsterdam.
High Tide’s CEO, Raj Grover, expressed enthusiasm about the Manitoba agreement, stating it builds upon their established wholesale experience and strategic partnerships. Grover highlighted the company’s commitment to efficiency and service, advocating for other provinces to adopt similar private sector distribution models.
Valiant Distribution, known for distributing premium consumption accessories, serves as the backbone of High Tide’s vertical integration strategy, supplying to High Tide retail channels and an international network. High Tide, listed as one of Canada’s top-growing companies, operates the largest non-franchised cannabis retail chain in Canada, Canna Cabana, and several e-commerce platforms.
The expansion into Manitoba is part of High Tide’s broader strategy to strengthen its position across the cannabis value chain. The agreement is expected to leverage the company’s expertise in distribution and wholesale to meet the demands of the Manitoba market.
The information in this article is based on a press release statement
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.