High Tide to Open 80th Canna Cabana in Alberta

Core Insights - High Tide Inc. is expanding its retail footprint with the opening of its 173rd Canna Cabana location in Calgary, Alberta, which will start selling recreational cannabis products on June 21, 2024 [1][9] - The new store is strategically located in a high-traffic area, benefiting from residential traffic and proximity to a major shopping center [8] - The company aims to add 20 to 30 new stores in 2024, focusing on taking over existing cannabis retail locations to reduce build-out costs [11] Retail Operations - Canna Cabana is the largest non-franchised cannabis retail chain in Canada, with 173 locations across multiple provinces [10] - The company has established a discount club model, becoming the first cannabis discount club retailer in North America in 2021 [10] - High Tide operates a suite of e-commerce platforms and accessory sites globally, enhancing its retail presence [2] Market Position - High Tide is the second-largest cannabis retailer in North America by store count, with a diversified and fully integrated operation across all components of cannabis [12] - The company has been recognized as one of Canada's Top Growing Companies for three consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [14]