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 store located at 250 East Hills Square SE in Calgary, Alberta, has begun selling recreational cannabis products for adult use. This opening represents High Tide’s 104th branded retail location across Canada, and 58th in Alberta, selling recreational cannabis products and consumption accessories. The new Canna Cabana store is located within the East Hills Shopping Centre, an expansive and developing retail district anchored by several national big-box retailers, a prominent movie theatre chain, and a membership based discount grocery wholesaler. The shopping centre can be easily accessed by residents of numerous communities in east Calgary, as it is the terminus of the MAX Purple bus rapid transit line, and it is also a short 10-minute drive from the City of Chestermere, a rapidly-growing community of over 20,000 people located immediately east of Calgary.
“I am pleased that with this new location in East Hills, even more customers in east Calgary and Chestermere will be able to easily access our innovative discount club concept,” said Raj Grover, President and Chief Executive Officer of High Tide. “Canna Cabana was one of the first players to enter the retail cannabis market in Alberta in 2018, and I am proud that with today’s announcement we became the largest cannabis retailer in the province. This new Canna Cabana store, like all of our locations, is designed to lure customers away from the illicit market that still accounts for almost half of all cannabis sales nationally by offering them steep member discounts and unbeatable selection on cannabis products and consumption accessories,” added Mr. Grover.
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