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High Tide to Open Two New Canna Cabana Locations Across Saskatchewan and Ontario
Prnewswire· 2025-08-20 12:00
Core Insights - High Tide Inc. is expanding its retail presence by opening two new Canna Cabana locations in Saskatchewan and Ontario, increasing its total store count to 205 across Canada [1][2] Expansion Plans - The new Canna Cabana store in Saskatoon, Saskatchewan, began operations on August 18, 2025, while the Lasalle, Ontario location is set to open on August 25, 2025 [3][5] - The Saskatoon location is strategically positioned with high visibility and minimal competition, catering to a rapidly growing young demographic [4] - The Lasalle location is located in a new retail hub, serving a population of 24,000 residents within a five-minute drive and nearly 90,000 within ten minutes, also facing minimal competition [6] Company Overview - High Tide is recognized as the second-largest cannabis retail brand globally, with a diversified and fully integrated operation across all components of cannabis [7] - Canna Cabana is the largest cannabis retail chain in Canada, with 205 locations across various provinces [7] - High Tide operates innovative retail technologies and a suite of leading accessory e-commerce platforms, enhancing the consumer experience [8] Market Position and Recognition - 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 [11]
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 Announce Second Fiscal Quarter 2025 Financial Results
Prnewswire· 2025-06-02 10:00
Core Insights - High Tide Inc. will release its financial and operational results for the quarter ended April 30, 2025, on June 16, 2025, after market close [1] - A webcast will be held on June 17, 2025, at 11:30 AM Eastern Time to discuss the results and future outlook [2] Company Overview - High Tide is a leading retail-forward cannabis enterprise and the second-largest cannabis retailer globally by store count, with 200 locations across Canada [4][10] - The company operates various components of the cannabis industry, including retail, e-commerce, and wholesale distribution [4][5][6] Retail Operations - Canna Cabana™ is the largest cannabis retail chain in Canada and was the first cannabis discount club retailer globally [4] - High Tide employs Fastendr™, an automated technology for a better retail experience [5] Product and Brand Portfolio - High Tide has a diverse brand roster, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™ [6] - The company is also involved in the CBD market through various platforms [6] 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 [8]