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 its new Canna Cabana retail store, located at 720 King Street West, Unit 155, in Toronto, Ontario, has begun selling recreational cannabis products for adult use. The new store represents High Tide’s 81st branded retail location across Canada, and 16th in Ontario, selling recreational cannabis products and consumption accessories. The new Toronto store follows a record-breaking month in which High Tide opened eight new locations in March alone. The new store is situated within a popular commercial plaza near Toronto’s high traffic King and Bathurstintersection, and is close to major public transit lines.
High Tide is committed to having 30 branded retail stores across Ontario by September of this year. We will ensure that all new locations are located within premium retail corridors and will continue to follow our differentiated one stop cannabis shop model for our customers cannabis and consumption accessory needs at unbeatable prices,” said Raj Grover, President and Chief Executive Officer of High Tide. “Coupled with the ongoing pursuit of strategic acquisition targets in Canada, the United States and Europe, organic growth remains a core element of our business growth strategy,” added Mr. Grover.