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 9025 Airport Rd, Brampton, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Thursday, September 14, 2023. This opening will mark High Tide’s 156th Canna Cabana branded retail cannabis location in Canada and the 52nd in Ontario, Canada’s largest province.
Brampton is a major city in the Greater Toronto Area, is the ninth most populous city in Canada, and the third most populous in the “Golden Horseshoe” of Ontario. Once famous for its large greenhouse industry, it retains the name “Flower City” in its slogan and is quickly rising as one of the most diverse municipalities in Canada. This second Canna Cabana location is in the city’s southeast corner, near Mississauga, which recently approved legal cannabis stores. Located in a retail power centre with major national big box outlets in close proximity, this brand new Canna Cabana location will serve more ELITE and Cabana Club members in Brampton and neighbouring Mississauga.
“Given the success of our existing Canna Cabana location in Brampton, a city with a population of nearly 700,000, I am excited about opening our second store in this highly multicultural municipality, which is one of the fastest-growing among big cities in Canada. Our Cabana Club is rapidly growing across the country, and our innovative discount club model is exceptionally well received across Ontario. I am always thrilled to see another Canna Cabana location established in Ontario, as our average store in Canada’s largest province does 3.4 times the provincial sales average,” said Raj Grover, President and Chief Executive Officer of High Tide.
“Looking ahead to our third fiscal quarter earnings release, which will be filed after the close of markets on Thursday, I am looking forward to sharing even more news about High Tide’s continuing upward trajectory. As you know, I have said several times that our objective is to achieve positive free cash flow by the end of this calendar year. I look forward to providing an update on this, as well as some innovative new offerings we have in the hopper. We are also closely monitoring the rapid pace of potential regulatory and legislative reform in the US and stand ready to bring our winning discount club model to the world’s largest cannabis market as soon as permissible,” added Mr. Grover.
About Hight Tide
High Tide is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world’s most powerful plant. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis To discover the full impact of High Tide, visit www.hightideinc.com.