Cannabis retail expansion

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High Tide to Open Three New Canna Cabana Locations Across Ontario and Alberta
Prnewswire· 2025-09-24 12:00
Core Insights - High Tide Inc. is expanding its retail footprint by opening three new Canna Cabana locations in Ontario and Alberta, increasing its total store count to 210 across Canada [1][7]. Expansion Strategy - The company plans to open two to three new locations per month, funded entirely by its own profits, reflecting a disciplined growth approach without reliance on external capital [2][3]. - High Tide is focusing on securing prime real estate in high-growth markets, with the new locations in Fort McMurray, North York, and Etobicoke being strategically chosen for their long-term value [3]. New Store Details - The North York location at 1448 Lawrence Avenue East will start selling products on September 26, 2025, benefiting from high visibility and accessibility [4]. - The Etobicoke store at 1020 Islington Avenue will open on September 27, 2025, positioned to attract significant daily traffic from nearby residential and business areas [5]. - The Fort McMurray location at 10024 Franklin Ave will commence sales on September 29, 2025, catering to both local residents and visitors, enhancing accessibility to the area's attractions [6]. Company Overview - High Tide is recognized as the second-largest cannabis retail brand globally, with a 12% market share in Canada, and operates a diverse range of cannabis-related businesses [7][10]. - The company has been acknowledged for its growth, being named 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 [10].
New Curaleaf Branded Dispensary Opens in New Albany, Ohio, in Partnership with RC Retail 2
Prnewswire· 2025-09-05 11:45
New location in New Albany, Ohio Marks 155 Curaleaf Retail Locations NationwideSTAMFORD, Conn., Sept. 5, 2025 /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced the opening of a new Curaleaf-branded dispensary near New Albany, Ohio, located at 6500 N Hamilton Rd Westerville, OH 43081. Curaleaf provides support services to the current owner and operator, ensuring both medical patient ...
High Tide Opens New Canna Cabana Location in Drayton Valley, Alberta
Prnewswire· 2025-07-31 10:00
Core Insights - High Tide Inc. has opened a new Canna Cabana retail cannabis store in Drayton Valley, Alberta, increasing its total store count to 203 locations across Canada and 88 in Alberta [1][6] - The new store is strategically located in a busy plaza, enhancing visibility and accessibility to meet the growing demand for recreational cannabis products in the community [2][3] - High Tide's membership programs, Cabana Club and ELITE, have seen significant growth, surpassing 2 million and 100,000 members respectively, indicating strong consumer engagement and market expansion potential [4] Company Overview - High Tide is a leading retail-forward cannabis enterprise with a fully integrated operation across all components of cannabis, including retail, e-commerce, and wholesale distribution [6][8] - Canna Cabana is recognized as the largest cannabis retail chain in Canada and the second-largest globally, with a focus on providing value to cannabis consumers [6][8] - The company has been acknowledged for its rapid growth, being named 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 [10] Strategic Initiatives - High Tide is committed to expanding its footprint, aiming to reach 300 Canna Cabana locations and 3 million Cabana Club members in the near future [4][10] - The company employs innovative retail technologies, such as Fastendr™, to enhance the customer experience through automated kiosks for browsing and ordering [7] - High Tide's diverse brand portfolio includes several consumer-facing brands and e-commerce platforms, positioning it well within the cannabis market [8] Employee Incentives - High Tide has granted 58,500 incentive stock options to employees, which are exercisable at the closing price of the company's common shares and vest over a two-year period [5]
High Tide to Open Two New Canna Cabana Locations in Toronto and Winnipeg
Prnewswire· 2025-06-27 10:00
Core Insights - High Tide Inc. is expanding its Canna Cabana retail cannabis stores, with new locations opening in Winnipeg and Toronto, increasing its total store count to 202 across Canada [1][4]. Group 1: Store Openings - The Canna Cabana store in Winnipeg will start selling recreational cannabis products on June 27, 2025, while the Toronto location will open on July 1, 2025 [1]. - The Winnipeg store is strategically located in a grocery-anchored plaza with a local population of approximately 10,000 within a 1-kilometer radius, providing access to a new customer base [2]. - The Toronto store is situated in The Well, a mixed-use shopping mall that attracts significant foot traffic, enhancing visibility and accessibility for customers [3]. Group 2: Market Performance - High Tide's stores in Manitoba and Ontario have shown strong performance, with annualized revenue run rates significantly above the national average [4]. - The company emphasizes its differentiated discount club model and loyalty ecosystem as key drivers of its success in these markets [4]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a fully integrated operation across all components of cannabis [5]. - The company operates a suite of leading accessory e-commerce platforms and has a diverse brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [6][7]. - High Tide has been acknowledged 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 [9].
Verano to Celebrate Grand Opening of Zen Leaf Enfield, Company’s Seventh Connecticut Dispensary, Throughout Memorial Day Weekend
Globenewswire· 2025-05-21 10:00
Core Viewpoint - Verano Holdings Corp. is expanding its retail presence in Connecticut with the opening of Zen Leaf Enfield, increasing its total dispensary count to 157 nationwide, and actively engaging in community development projects [1][2][5]. Group 1: Company Expansion - Zen Leaf Enfield will officially open on May 23, 2025, marking the seventh retail location for Verano in Connecticut [1]. - The company now operates 157 dispensaries across the United States and has 15 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity [5][9]. Group 2: Community Engagement - Verano is supporting the Thompsonville Fire Department by providing funds for a year's supply of Narcan to aid in combating the opioid crisis [3][5]. - The company is also involved in local charitable initiatives, including a food donation drive for Enfield Loaves and Fishes and Enfield Food Shelf [3][5]. Group 3: Grand Opening Activities - The Grand Opening celebration will feature various activities, including a ceremonial ribbon cutting with community leaders and local partners [6][7]. - Special promotions will be available during the opening weekend, including discounts on cannabis products and complimentary food from local vendors [6][8]. Group 4: Local Economic Development - Zen Leaf Enfield is strategically located near the Enfield Square Mall, which is undergoing a $250 million redevelopment into the Enfield Marketplace, aimed at boosting local economic growth [2][5]. - The company aims to contribute to the long-term success of the Enfield community by investing in local job opportunities [2].
High Tide Opens Two New Canna Cabana Locations in Ontario and Alberta
Prnewswire· 2025-05-20 10:00
Core Viewpoint - High Tide Inc. is expanding its retail cannabis footprint in Canada with new store openings in Brantford, Ontario, and Calgary, Alberta, bringing its total to 199 Canna Cabana locations across the country [1][6]. Group 1: Store Openings - The Canna Cabana store in Brantford will start selling recreational cannabis products on May 20, 2025, while the Calgary location will open on May 23, 2025 [1]. - The Brantford location is situated in a shopping plaza serving over 110,000 people, with limited competition in the area, making it a strategic entry point for the company [2]. - The Calgary store is located in a rapidly growing area with no competitors within a 4-kilometer radius, surrounded by residential neighborhoods and a shopping plaza [3]. Group 2: Strategic Expansion - The company is focused on reinvesting profits to expand its physical presence in markets with strong long-term potential, as demonstrated by the new store openings [4]. - High Tide aims to accelerate its store rollout, nearing the milestone of 200 Canna Cabana locations, with more locations under construction expected to be announced throughout the year [5]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a diversified and fully integrated operation across all components of cannabis [6]. - Canna Cabana is the largest cannabis retail chain in Canada, with 199 locations across various provinces, and was the first cannabis discount club retailer in the world [6]. - The company has been acknowledged 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 [10].
High Tide Opens New Canna Cabana Store in Cornwall, Ontario
Prnewswire· 2025-05-09 10:00
Core Insights - High Tide Inc. is expanding its retail presence with the opening of a new Canna Cabana store in Cornwall, Ontario, set to begin sales on May 12, 2025, bringing the total store count to 197 across Canada and 81 in Ontario [1][4] Group 1: Expansion Strategy - The new store is strategically located beside a national grocery chain in a high-traffic shopping center, targeting a community of over 50,000 people with little local competition [2] - The company aims to reach its milestone of 200 Canna Cabana locations by the end of May 2025, driven by free cash flow and a focus on high-quality real estate [4] Group 2: Market Position - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a diversified and fully integrated operation across all components of cannabis [5] - Canna Cabana is the largest cannabis retail chain in Canada, with a unique loyalty-focused retail model contributing to leading same-store sales in the industry [4][5] Group 3: Innovation and Technology - High Tide employs Fastendr™, a fully automated technology that enhances the buying experience through retail kiosks for browsing, ordering, and pickup [6] - The company operates a suite of leading accessory e-commerce platforms, further diversifying its revenue streams [6] Group 4: Brand Portfolio - High Tide's brand roster includes several consumer-facing brands such as Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [7] - The company is also involved in the CBD market through various online platforms, expanding its product offerings [7] Group 5: Recognition and Growth - 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 [9]
Green Thumb to Open RISE Dispensary Ocala in Florida, its 104th Retail Location in the Nation, on April 29
Globenewswire· 2025-04-28 11:00
Core Insights - RISE Dispensaries, owned by Green Thumb Industries, is set to open its 22nd retail location in Florida and 104th nationwide on April 29, 2025 [1] - The new dispensary will offer a variety of cannabis products and will donate a portion of its profits to The Bridge 4 Veterans, a local community organization [1][2] Company Overview - Green Thumb Industries operates two production facilities in Florida, located in Ocala and Homestead, focusing on high-quality cultivation and manufacturing practices [3] - The company has expanded its retail presence to 104 locations across 14 U.S. markets since its inception in 2015, serving millions of patients and customers annually [5] Community Engagement - The opening of RISE Dispensary Ocala is expected to create additional job opportunities in the local community, building on nearly 100 jobs already provided by the cultivation facility [2] - The Bridge 4 Veterans, which supports veterans in securing permanent housing, has previously received donations from RISE for new store openings [2]