High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that its Alberta-based Canna Cabana retail stores located at 10822 50 Street SE, Unit #14 in Calgary, and 4806 50 Avenue in Vegreville, have begun selling recreational cannabis products for adult use. These openings bring High Tide’s total branded retail locations selling recreational cannabis products and consumption accessories across Canada to 87. Staying true to High Tide’s strategy of driving organic growth in profitable neighbourhoods, both stores are located within established retail corridors.
“I am pleased that despite the ongoing pandemic, our team has managed to continue driving High Tide’s organic growth strategy,” said Raj Grover, President and Chief Executive Officer of High Tide. “Although Ontario’s pandemic related restrictions on construction continue to impact the pace of store buildouts in that province, we have pivoted our efforts to ramp up the rollout of new stores in other jurisdictions and are hopeful that Ontario’s restrictions will ease before the summer construction season gets into full swing. We anticipate more Ontario store openings shortly after construction restrictions are lifted,” added Mr. Grover.
About High Tide Inc.
High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBIDTA1, with 87 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country.