High Tide Opens New Canna Cabana Store in Sherwood Park – Yahoo Finance
CALGARY, AB, June 30, 2022 /PRNewswire/ – High Tide Inc. (“High Tide” or the “Company“) (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its Canna Cabana retail cannabis store located at 993 Fir Street in Sherwood Park, Alberta has begun selling recreational cannabis products and consumption accessories for adult use. This opening represents High Tide’s 127th branded retail location across Canada, and 66th in Alberta, selling recreational cannabis products and consumption accessories. The store is High Tide’s first location in Sherwood Park, which is a community of over 70,000 people immediately adjacent to Alberta’s capital city of Edmonton. It is part of a well-trafficked retail and commercial district anchored by numerous national big box, grocery, and discount retailers.
High Tide Inc. June 30, 2022 (CNW Group/High Tide Inc.)
“With the opening of this new store in the fast-growing community of Sherwood Park, we are further growing our footprint in the greater Edmonton region and bringing our innovative discount club model to the doorsteps of thousands of potential new customers. Our Canna Cabana locations in Edmonton and other nearby communities have been well-received, and we expect to see similar success in Sherwood Park,” said Raj Grover, President and Chief Executive Officer of High Tide. “As the largest non-franchised retailer in the province of Alberta with over 65 locations, we are prioritizing expansion in markets where we are currently not present, providing for continued brand building and revenue generation opportunities. We remain focused on our growth across Canada, including our imminent entry into British Columbia and our rapid expansion in Ontario, but as Canada’s second-largest cannabis market, Alberta has been and will remain a major pillar in our overall strategy.”
ABOUT HIGH TIDE
High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 127 current locations spanning Ontario, Alberta, Manitoba, and Saskatchewan. High Tide was featured in the third annual Report on Business Magazine’s ranking of Canada’s Top Growing Companies in 2021 and was named as one of the top 10 performing diversified industries stocks in the 2022 TSX Venture 50™. The Company is also North America’s first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide’s portfolio also includes retail kiosk and smart locker technology – Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide’s strategy as a parent company …….
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