High Tide to Open Two New Canna Cabana Stores in Ontario

Core Viewpoint - High Tide Inc. is expanding its retail presence in Ontario with the opening of two new Canna Cabana locations, enhancing accessibility to recreational cannabis products for both locals and tourists [1][4]. Group 1: New Store Openings - The Canna Cabana store in Collingwood, ON will start selling recreational cannabis products on March 13, 2025, while the Cambridge, ON location will open on March 17, 2025 [1]. - These openings will be the 193rd and 194th Canna Cabana locations in Canada, and the 78th and 79th in Ontario [1]. Group 2: Strategic Location Benefits - The Collingwood store is strategically located in a high-traffic area, attracting approximately 400,000 unique visitors annually, and serves as the first cannabis store encountered by travelers entering the town [2]. - The Cambridge store is positioned at a major intersection with a strong residential base and limited competition, benefiting from significant foot traffic from nearby commercial establishments [3]. Group 3: Company Commitment and Vision - The CEO of High Tide expressed excitement about the expansion, emphasizing the commitment to making legal cannabis more accessible and affordable across Canada [4]. - High Tide aims to enhance the shopping experience through its innovative discount club model and exclusive member benefits, reinforcing its position as a leading cannabis retailer [5]. Group 4: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a focus on community-driven, retail-forward operations [7]. - The company operates the largest cannabis retail chain in Canada, with 194 locations across various provinces, and was the first cannabis discount club retailer in the world [7]. Group 5: Additional Company Initiatives - High Tide is also involved in retail innovation through its Fastendr technology, which enhances the buying experience via automated kiosks [8]. - The company operates several e-commerce platforms for cannabis consumption accessories and continues to explore opportunities in the CBD market [9][10].