High Tide to Open First Canna Cabana in Huntsville, Ontario

Core Insights - High Tide Inc. is set to open its first Canna Cabana retail cannabis store in Huntsville, Ontario, on June 6, 2024, marking its 172nd location in Canada and the 63rd in Ontario [1][3] - The new store is strategically located in a busy shopping plaza, catering to both local residents and seasonal visitors to the Muskoka region, which attracts 3.2 million travelers annually [2][3] - The company emphasizes its strong free cash flow profile, which supports its growth strategy in Ontario and other provinces [4] Company Overview - High Tide is recognized as the second-largest cannabis retailer in North America by store count, with a total of 172 locations across various provinces in Canada [5] - The Canna Cabana brand is the largest non-franchised cannabis retail chain in Canada and was the first cannabis discount club retailer in North America [5] - High Tide operates a diversified business model that includes retail, e-commerce, and wholesale distribution, along with a range of consumer brands and CBD products [6][7][8] Market Position and Recognition - High Tide has been acknowledged as one of Canada's Top Growing Companies for three consecutive years (2021, 2022, 2023) and ranked among the top 10 performing diversified industry stocks in the TSX Venture 50 for 2022 and 2024 [9] - The company was also recognized as the number one retail category performer on the Financial Times list of Americas' Fastest Growing Companies for 2023 [9]