Climax welcomes Biden administration's rescheduling of cannabis



calgary alberta, April 30, 2024 /PRNewswire/ – Climax (NASDAQ: ) Inc. (“climax” or “company”) (NASDAQ: HITI) (TSX: HITI) (LON: 2LYA) is a high-impact retail forward business targeting the various components of cannabis Real World Values, Welcome Today’s Confirmation U.S. Department of Justice The Attorney General has proposed reclassifying marijuana as a Schedule III substance, which would initiate a formal rulemaking process congress In the Controlled Substances Act.

“Today's news marks a historic moment for cannabis reform USAwe commend the Biden administration for taking this important step. Raj Groverfounder and CEO of High Tide.

High Tide's business us Not touching the plant, but reclassifying marijuana from Schedule I to Schedule III Controlled Substances Act The Internal Revenue Code would be amended to allow companies to deduct business expenses from gross income.

“The rearrangement will support the development of the legal and legal sector. us This will replace the illegal market. We will be engaging with major financial exchanges over the coming days to understand how this news may change their listing policies.Followed by GermanyPartial adult use legalization was announced in March, a development that makes me even more excited about our international prospects, including our ultimate goal of becoming a top five multi-state operator in the United States. Mr Grover.

About climax

climax company is the leading community-grown, retail-forward cannabis business designed to unlock the full value of the world’s most powerful plants, and is the second-largest cannabis retailer in the United States North America By number of stores1. High Tide (HITI) was built specifically around cannabis consumers with fully diversified and fully integrated businesses in all components of cannabis, including:

Physical retail: Canna Cabana™ is the largest non-licensed cannabis retail chain in the United States Canadacurrently has 168 locations british columbia, alberta, saskatchewan, Manitoba and ontario And keep growing. In 2021, Canna Cabana becomes the first U.S. cannabis discount club retailer North America.

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1 It is reported ATB Capital Markets Based on the number of stores so far February 8, 2024

retail innovation: Fastendr™ is a unique, fully automated technology that integrates retail kiosks and smart lockers to facilitate a better purchasing experience through browsing, ordering and pickup.

Electronic business platform: High Tide operates a portfolio of leading accessory websites around the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com.

brand: High Tide's industry-leading and consumer-facing brands include Queen of Bud, Cabana Cannabis Co. Daily Premium Clubvodka glass, Puff PassDopezilla, Atomik, Silipipe, Evolution, etc.

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

wholesale distribution: High Tide provides wholesale solutions for the cannabis category through Valiant™.

Authorize: High Tide continues to drive cannabis culture forward with new partnerships and licensing agreements under the Famous Brandz™ name.

Climax is always ahead of the curve and is named one of CanadaThe Globe and Mail's Best Growth Companies Reports for 2021, 2022 and 2023 business magazineand was named one of the 10 best-performing diversified industry stocks on the TSX Venture 50 in 2022 and 2024. Financial Times Checklist America” The fastest growing company in 2023. To understand High Tide's full impact, visit www.hightideinc.com. To learn about investment performance, don't miss High Tide's profile page on SEDAR+ and EDGAR.

Neither TSX Venture Exchange None of its Regulation Services Providers (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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 words “anticipate,” “estimate” and similar expressions and statements relating to non-historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions regarding the outcome and timing of such future events. Forward-looking statements herein include, but Not limited to statements regarding the reclassification of marijuana on the schedule announced by the Attorney General and the Company's goal to become a top 5 multi-state operator. The expectations reflected are reasonable, but actual results and developments may differ materially from the expectations, factors and assumptions contained in these statements. Some risks and uncertainties 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 of our current Annual Information Form and elsewhere in this press release, As these factors may be further updated from time to time in our periodic documents, please visit: www.sedarplus.ca and www.sec.gov, these factors are incorporated herein by reference. The 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 of this press release, which may 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 differences between subsequent actual events and such forward-looking statements. , unless required by applicable law.





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