High Tide Marks Major Milestone with Opening of 200th Canna Cabana Location in Alberta

Core Insights - High Tide Inc. is set to open its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, on June 3, 2025, marking a significant milestone in its growth strategy [1][3] - The new store is strategically located in Sherwood Park Mall, a key retail hub that attracts substantial foot traffic, serving a community with a population exceeding 75,000 [2] Company Growth and Strategy - The company has focused on high-traffic, high-potential locations, avoiding subpar deals that have led to store closures in the cannabis sector, thus ensuring sustainable growth [3] - High Tide's growth has been primarily funded by its own cash flow, with a significant portion driven organically, which is considered rare in the cannabis retail industry [3] - The company aims to surpass 300 stores in Canada, continuing its responsible and strategic approach to growth [3] Retail Operations - High Tide operates the largest cannabis retail chain in Canada, with 200 locations across various provinces, including British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario [4] - The company has introduced innovative retail technology, such as Fastendr™, which enhances the customer buying experience through automated kiosks [5] Brand and Product Diversification - High Tide boasts a diverse brand portfolio, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [6] - The company is also involved in the CBD market through various platforms, expanding its product offerings beyond traditional cannabis [6] Industry Recognition - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [8]