High Tide Inc. announce that the Company's wholly-owned subsidiary, Meta Growth Corp. ("Meta") has reached a new agreement to extend the maturity of its credit facilities totaling $20,000,000 (the "Credit Facilities") from Opaskwayak Cree Nation ("OCN") to December 31, 2024 at a reduced rate of 10% per annum by removing the annual administration fee of 2.5%. The original Credit Facilities partially matured on December 31, 2022 and obligated Meta to pay an interest rate of 10.0% per annum and an annual administration fee of 2.5%. In addition, High Tide, Meta and OCN agreed to transition the remaining undrawn balance under the Credit Facilities, being $6,750,000 (the "Remaining Credit Balance"), from Meta to High Tide, whereby High Tide will have the ability to draw down on the Remaining Credit Balance directly. As such, High Tide and OCN have entered into a loan agreement with OCN for the Remaining Credit Balance (the "Remaining Credit Facility"), maturing December 31, 2024, which includes the same reduced interest rate of as the Credit Facilities. The Company's obligations under the Remaining Credit Facility are secured by the assets of the Company and select subsidiaries (the "Debtors"). High Tide's obligations are pursuant to a subordinated security interest (ranking behind the senior creditors of the Debtors) granted in favour of OCN and such other persons who may, from time to time, become a party to the security agreement entered into by the parties in connection with outstanding debt of the Company.