High Tide, Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a prominent player in the cannabis retail sector, has made a significant addition to its leadership team with the appointment of Mayank Mahajan as Chief Financial Officer (CFO). With over 15 years of experience spanning financial services, technology, and other industries, Mahajan brings a wealth of expertise in M&A, corporate governance, and financial management to High Tide.
In his previous roles, Mahajan has demonstrated his ability to oversee complex financial operations, including M&A transactions, debt and equity raises, and contract negotiations. He has a proven track record of building global accounting teams and implementing best practices in ERP, SOX, and internal controls. Mahajan’s diverse background includes positions at Everyday People Financial Corp, Metamaterial Inc., Jubilant Bhartiya Group, Genpact, and S.P. Nagrath & Co.
Commenting on the appointment, Raj Grover, Founder and CEO of High Tide, expressed his confidence in Mahajan’s leadership skills and strategic financial acumen. Grover emphasized Mahajan’s collaborative approach and highlighted the critical role he will play in positioning High Tide for sustainable, long-term growth and success.
High Tide has experienced significant growth in recent years and recognizes the need to evolve to maintain its industry leadership. Mahajan’s extensive experience in financial excellence will be instrumental in driving the company’s expansion efforts and navigating the rapidly evolving cannabis business landscape.
In addition to Mahajan’s appointment, High Tide also announced the grant of stock options and restricted share units (RSUs) to its officers, directors, and employees as part of its omnibus plan. The Board of Directors approved the grant of 20,000 stock options and 591,772 RSUs, with each RSU entitling the holder to acquire one common share of the company upon vesting.
About High Tide: High Tide, Inc. is a leading retail-forward cannabis enterprise with fully integrated operations across all components of the cannabis industry. The company’s diversified operations include bricks-and-mortar retail, retail innovation, e-commerce platforms, branded products, CBD cultivation, wholesale distribution, and licensing agreements. High Tide is committed to unleashing the full value of the cannabis plant and is recognized for its industry-leading brands and innovative retail concepts.
