Published: Feb 15, 2021
High Tide’s ownership of the Fastendr™ technology featuring Eflyn's proven 32" Self-Order Kiosks will improve operational efficiency materially while also reducing operating expenses in the Company’s retail cannabis stores.
Toronto, CANADA– This week Eflyn unveiled a partnership with High Tide Inc.(TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as e-commerce assets worldwide. Throughout the first quarter of 2022, Eflyn will be activating 32″ Self-Order Kiosks to over 100 High Tide locations across Canada.
This partnership will allow High Tide clients to easily browse virtual online catalogs displayed on Eflyn kiosks and seamlessly place their contactless orders with just a few taps. The kiosks will generate a receipt with an order number which users can use to enter into a smart locker system to receive their cannabis order in an efficient and safe way.
“This deal is one of the most exciting acquisitions for High Tide to date, as it greatly enhances the customer experience in our stores while materially reducing overhead and labor costs in our ever-expanding retail portfolio. This technology will also allow us to generate third-party revenue, provide data collection and monetization opportunities, while supporting an unparalleled retail shopping experience for our customers,' said Raj Grover, President and Chief Executive Office of High Tide.
As the Canadian cannabis industry continues to become more competitive, it is essential for successful companies to innovate, using technology to differentiate themselves and improve the efficiency of their operations. High Tide’s ownership of the Fastendr™ technology featuring Eflyn’s proven 32″ Self-Order Kiosks will improve operational efficiency materially while also reducing operating expenses in the Company’s retail cannabis stores.
ABOUT HIGH TIDE
High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 105 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan, and was featured in the third annual Report on Business Magazine’s ranking of Canada’s Top Growing Companies in 2021. The Company is also North America’s first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain while providing a complete customer experience and maximizing shareholder value.
Eflyn is a retailer, distributor, and manufacturer of interactive indoor digital signage, self order machines, video wall bundles, weatherproof interactive outdoor digital signage, and EV Charging Stations Kiosks. The Company was founded in January 2002 in Toronto, Ontario, and currently maintains a research centre and showroom in Mississauga, Ontario, and a secondary display center in Orange County, California. Eflyn’s mission is to provide all businesses with the opportunity to innovate and grow in the consumer market.
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