High Tide Inc., an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at 2107 Edmonton Trail NE in Calgary received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and today will begin selling recreational cannabis products and accessories. To celebrate its grand opening, festivities will take place at the Edmonton Trail Store on Saturday, November 2nd.
High Tide currently has 27 branded locations stores selling recreation cannabis products across Canada, inclusive of the Edmonton Trail Store. “As a high traffic location just north of the Trans-Canada Highway in central Calgary, the Edmonton Trail Store is a great addition to the Canna Cabana portfolio,” said Raj Grover, President and Chief Executive Officer of High Tide. “We are excited to re-open the Edmonton Trail Store as a Canna Cabana location and share the new retail experience with the long-time customers who were strong supporters of the previous Smoker’s Corner franchise,” added Mr. Grover. High Tide is expected to have 30 branded retail cannabis locations across Canada in November, barring any changes to the current rate of licensing by AGLC.
The development permits for the remaining Canna Cabana and KushBar stores needed to achieve the AGLC’s maximum of 42 are currently under various stages of development and construction. Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with 3 branded locations in Hamilton, Sudbury and Toronto, Ontario.
Separately, the Company recently authorized 277,680 common shares for issuance to an arm’s length third-party as payment for investor communications services.