High Tide (US:HITI) Prnewswireยท2025-02-13 11:00Company Overview - High Tide Inc. is a leading retail-forward cannabis enterprise, recognized as the second-largest cannabis retailer globally by store count, with 192 Canna Cabana locations across Canada [5][9] - The company operates a fully integrated business model encompassing retail, consumption accessories, wholesale distribution, and licensing [5][6][7] Recent Developments - High Tide's new Canna Cabana store in downtown Hamilton, Ontario, will begin selling recreational cannabis products on February 15, 2025, marking the company's 192nd location in Canada and the 6th in Hamilton [1][3] - The company is expanding into the German medical cannabis market through the acquisition of Purecan, aiming to establish a significant market share similar to its Canadian operations [4] Market Position and Strategy - The new Hamilton location is strategically positioned in a high-foot-traffic area, enhancing customer access and aligning with the company's growth strategy [3] - High Tide's strong free cash flow generation supports its expansion plans, allowing for the development of additional prime locations [3] Industry Context - Hamilton has transformed into a key investment hotspot in North America, diversifying its economy beyond steel and textiles into sectors like life sciences and advanced manufacturing [2] - High Tide's entry into the German market represents a significant opportunity for growth in the international cannabis sector [4]