High Tide to Open Canna Cabana in Lucan, Ontario

Core Insights - High Tide Inc. is expanding its retail cannabis operations with the opening of its 183rd Canna Cabana location in Lucan, Ontario, marking the first licensed retail cannabis store in the area [1][3] - The new store is strategically located between London, Ontario, and Grand Bend, in a rapidly growing retail plaza with various anchor tenants [2] - The company aims to reach 300 Canna Cabana locations across Canada, focusing on underserved areas, while competitors face financial difficulties [3] Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a fully integrated operation across all cannabis components [6] - Canna Cabana is the largest cannabis retail chain in Canada, with 183 locations across multiple provinces [6] - High Tide operates various e-commerce platforms for cannabis accessories and has a diverse brand portfolio, including Queen of Bud and Cabana Cannabis Co [7][8] Recent Developments - The company has launched a new website and is preparing for its third fiscal quarter filing, indicating ongoing growth and innovation [4] - High Tide has granted 60,000 incentive stock options to employees, reflecting its commitment to employee engagement and retention [5] Industry Position - High Tide has been recognized as one of Canada's Top Growing Companies for three consecutive years and ranked highly in the retail category of the Financial Times' list of Americas' Fastest Growing Companies for 2023 [10]