High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of cannabis lifestyle accessories, is pleased to announce that the Canna Cabana retail cannabis store located at 433 Parliament Street in Toronto, Ontario (the “Parliament Store”) will be opening on Saturday, May 16, 2020 in compliance with the province’s permissible scope of operations.
The Parliament Store marks the fifth branded Canna Cabana location in Ontario and the Company’s 34th retail cannabis store across Canada. Located in the historic Cabbagetown neighbourhood of central Toronto, the Parliament Store will begin by offering customers click-and-collect and curbside pick-up services for orders placed online at www.cannacabana.com.
The Parliament Store passed its pre-opening inspection on May 12, 2020, after being one of the first locations under the post-lottery system to receive an RSA (“Retail Store Authorization”) from the Alcohol and Gaming Commission of Ontario (“AGCO”) on April 2, 2020. The AGCO received over 450 applications on March 2, 2020 and Canna Cabana was able to secure two of the first five RSAs issued. “I am extremely pleased that, despite the challenges posed by the COVID-19 pandemic, our team has remained focused on executing our retail growth plans in Ontario ahead of the competition,” said Raj Grover, President and Chief Executive Officer of High Tide. “Building on the momentum of our existing Ontario retail network, customers and stakeholders can expect more Canna Cabana stores in key locations across the province in the near term,” added Mr. Grover.
High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of cannabis lifestyle accessories. With portfolio subsidiaries including Canna Cabana Inc., KushBar Inc., Grasscity.com, CBDCity.com, RGR Canada Inc. and Famous Brandz Inc.
