High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, announced today that its Canna Cabana retail cannabis stores located at 2223 Victoria Avenue East in Regina, Saskatchewan, and 14 Martindale Crescent in Hamilton, Ontario, have begun selling recreational cannabis products for adult use. These openings bring High Tide’s total number of branded retail locations across Canada to 103, including 6 in Saskatchewan and 31 in Ontario, selling recreational cannabis products and consumption accessories. The new Canna Cabana store in Regina is High Tide’s second to open in the community, Saskatchewan’s capital and second-largest city with a population of over 230,000. It is located in the Victoria Square Shopping Centre, a shopping mall anchored by a national grocery chain and situated along Victoria Avenue, one of Regina’s most highly-utilized transportation corridors. The new Canna Cabana store in Hamilton is also High Tide’s second to open in that community, which is Canada’s 10th-largest city with a population of over 535,000. It is located within the Meadowlands Power Centre, a well-trafficked retail district anchored by a movie theatre and several national big-box retailers.
“I am very pleased that even more customers in Regina and Hamilton will be able to access our unique cannabis discount club experience for all of their cannabis products and consumption accessories needs. Ensuring value for our customers has always been our priority, and with our new concept, everyday low prices and an unmatched selection of high-quality consumption accessories and cannabis goods, I am positive that we are ideally-positioned to deliver even more value for customers in these markets,” said Raj Grover, President and Chief Executive Officer of High Tide. “Today’s announcement is also reflective of our ambitious strategy to further expand across Canada through both acquisitions, as in the case of the Regina store, and organic growth, as in the case of the Hamilton store. This is in line with our drive to rapidly grow market share by attracting value conscious and legacy market consumers, which combined, represent the vast majority of Canadian cannabis sales,” added Mr. Grover.
