High Tide Inc., the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 17 Hanes Road, Huntsville, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Thursday, June 6, 2024. This opening will mark High Tide’s 172nd Canna Cabana branded retail cannabis location in Canada, the 63rd in the province of Ontario and the first store in Huntsville.
Huntsville is in the Muskoka region of Ontario, the heart of Canada’s cottage country. Millions of international tourists and Canadians alike flock to Muskoka year-round to vacation in one of Canada’s most picturesque landscapes. This brand-new Canna Cabana is situated beside a major home improvement retailer and a beer store. It is also a short drive from a major discount grocery retailer and the Huntsville Place Mall, the primary shopping node for the area. This busy and rapidly expanding shopping plaza is well situated to serve the residents of Huntsville, the surrounding rural and the cottage country visitors who need to stop at a shopping centre to gather groceries and other essentials before heading out into the remote properties surrounding it.
“I am thrilled to announce the opening of our first store in Huntsville. This brand-new Canna Cabana builds upon the success of our existing cottage country stores in Bracebridge and is a key addition to our retail portfolio. The Muskoka region welcomes 3.2 million seasonal travelers annually and communities like Huntsville serve as anchors for the surrounding cottage country as visitors need to stop in to gather groceries and other goods before spending time at the lake,” said Raj Grover, Founder and Chief Executive Officer of High Tide.
“Our team has been working hard through the first half of the calendar year, adding outstanding Canna Cabana locations like Huntsville to our store network. I remain excited about our strong free cash flow profile, which is fueling the renewed acceleration of our growth in Ontario and other Canadian provinces where we operate,” added Mr. Grover.
About High Tide
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world’s most powerful plant and is the second-largest cannabis retailer in North America by store count1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including Bricks & Mortar Retail: Canna Cabana™ is the largest non-franchised cannabis retail chain in Canada, with 172 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in North America.
