High Tide Transforms Leadership with New Board Members Focused on Real Estate and AI

In a strategic move aimed at reinforcing its leadership structure, High Tide Inc. has announced significant changes to its board of directors. This renewal comes as the company prepares to navigate the complexities of operating as a dual-listed, international entity.

Effective March 2, 2026, Nitin Kaushal and Andrea Elliott have stepped down from their positions on the Board, having served since 2018 and 2021, respectively. High Tide expressed deep gratitude for their contributions during a period marked by substantial growth and strategic development. Raj Grover, the Company’s Founder and CEO, acknowledged their vital roles in the organization’s journey, wishing them well in their future endeavors.

In light of these departures, High Tide is pleased to announce the appointments of Kathleen Skerrett and Menashe Kestenbaum to its Board. Kathleen, a partner at Gardiner Robers LLP, brings extensive expertise in securities law and governance, which aligns perfectly with the company's growth trajectory. She has significant experience advising public companies on complex transactions and compliance, making her a valuable asset to High Tide’s strategic plans.

Menashe Kestenbaum, on the other hand, is a seasoned technology entrepreneur. He gained recognition as the leader of Enthusiast Gaming, helping it rise from a startup to a company with a market cap of $1.4 billion. His experience in scaling technology companies and navigating public company governance will be crucial as High Tide prepares to expand its market presence, particularly in the technology and e-commerce sectors.

Further enhancing its strategic capabilities, High Tide has appointed David Wallach and Filip Ernest as advisors. Wallach, the owner of Barclay Street Real Estate Ltd., is recognized for his authority in the commercial real estate market, having overseen over $500 million in transactions. His insights will guide High Tide in its real estate ventures, which are becoming increasingly vital in the cannabis industry.

Filip Ernest, known for his digital transformation strategies, has focused on artificial intelligence and e-commerce over the past two decades. His experience in integrating AI into operational workflows will support High Tide’s initiatives in adopting innovative technologies as essential partners in modern commerce.

The Company also announced the granting of restricted stock units (RSUs) and options as part of an incentive to align the interests of its board members and advisors with those of the shareholders. An aggregate of 123,558 RSUs and 25,000 options were granted to support the ongoing growth of High Tide. Each RSU gives its holder the right to acquire one common share upon vesting, reinforcing the commitment to shareholder value.

High Tide continues to cement its position as a leader in the cannabis retail space, boasting the largest retail chain in Canada, Canna Cabana, and expanding its footprint across North America and beyond. The integration of seasoned professionals into its board and advisory roles marks a significant step forward in High Tide's mission to capitalize on the global opportunities ahead. As the cannabis industry evolves, so too will High Tide's leadership, reflecting its unyielding commitment to innovation and excellence.

For further updates on High Tide and its recent developments, visit www.hightideinc.com.

Topics General Business)

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