High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that the Canna Cabana retail store located at Unit 115 – 8835 MacLeod Trail SW, in Calgary’s Haysboro neighbourhood, has begun selling recreational cannabis products for adult use. This opening represents High Tide’s 75th branded retail location across Canada selling recreational cannabis products and consumption accessories.
“This new store is part of our plan to organically expand our Canadian retail footprint in underserviced neighbourhoods. This differentiated strategy allows us to continue growing retail revenue while protecting against increased competition,” said Raj Grover, President and Chief Executive Officer of High Tide. “While organic growth remains an essential part of our growth plan in Canada, we continue to pursue strategic acquisition targets in the United States and internationally that can be immediately accretive to shareholders. We look forward to sharing further news in this regard soon,” added Mr. Grover.
The new Haysboro store is situated in a prime commercial real estate location within walking distance of major banks, restaurants, and grocery stores.
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