High Tide Inc..
HITI.US | Other retail sale of new goods in specialized stores
High Tide Inc. is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The company operates a network of recreational cannabis stores under the Canna Cabana, Meta Cannabis Co., and High Tide brands. High Tide also manufactures and distributes s...Show More
Better Health for All
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The company's core business involves products with severe and widespread negative health impacts. Cannabis use is linked to a significant increase in pediatric poisonings, with provinces allowing edible sales experiencing double the increase compared to those prohibiting them.
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Adult cannabis-related hospitalizations increased 1.62 times between 2015 and 2021, correlating with retail expansion.
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Cannabis use has short-term effects like impaired driving, and long-term risks including addiction (1 in 10 adults, 1 in 6 teens, 1/4 to 1/2 daily users), mental health issues (anxiety, panic, psychosis), and harm to lungs.
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The company's primary revenue is derived from these products, with no evidence of health-positive offerings or mitigation efforts. While general health risks of cannabis are disclosed by government sources,
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there is no evidence of specific risk transparency or harm reduction efforts by the company itself. The company's business model does not appear to include initiatives to reduce addiction potential or support recovery, despite the high addiction rates associated with its products.
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Similarly, mental health impacts are significant,
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yet no specific support or initiatives from the company are evidenced.
Fair Money & Economic Opportunity
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No evidence available to assess High Tide Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No evidence available to assess High Tide Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess High Tide Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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High Tide Inc. has a formal whistleblower policy, effective January 25, 2022, which outlines procedures for confidential and anonymous reporting to an independent third-party service provider (Cornerstone Governance).
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The policy includes provisions for investigation by the Audit Committee and addresses protection from retaliation.
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The company also has a code of ethics, approved June 21, 2021, detailing expectations for representatives regarding bribery, fair competition, conflicts of interest, and gifts.
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However, the code does not specify training frequency or effectiveness metrics for anti-corruption. While the whistleblower policy utilizes an independent third-party for complaint reporting, the extent of independent verification for other ethical claims is not specified.
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Kind to Animals
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NuLeaf Naturals, a subsidiary of High Tide Inc., uses USDA Certified Organic hemp as the sole ingredient in its full spectrum cannabinoid extracts, which are additive-free.
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FAB CBD pet treats are also free of soy, dairy, wheat, and corn.
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This indicates zero animal inputs in these product lines. A NuLeaf Naturals representative testified at an FDA public meeting regarding CBD usage in humans and animals,
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and High Tide's subsidiary FAB CBD is involved in Health Canada consultations for CBD products for animal use.
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While these engagements relate to CBD products for animals, they are focused on regulatory pathways and data gathering, not explicitly advocating for higher animal welfare standards.
No War, No Weapons
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The provided articles describe High Tide Inc. as a retail-focused cannabis company.
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They do not contain any specific, concrete data points or explicit statements regarding the company's involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other activities related to the 'No War, No Weapons' ethical value. Therefore, no KPIs can be scored based on the evidence provided.
Planet-Friendly Business
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No specific, quantifiable data was provided in the articles to assess the company against any of the Planet-Friendly Business KPIs. While a recycling initiative diverted over 20,000 pounds of plastic waste, this is an absolute amount and cannot be scored against the 'waste_diversion_rate' KPI which requires a percentage of total waste.
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There is no evidence of environmental compliance violations, but this is an absence of data, not a verifiable fact of zero violations.
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Respect for Cultures & Communities
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No evidence available to assess High Tide Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess High Tide Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No specific, quantitative data related to HITI.US's performance on waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education was found in the provided articles.
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