Canna Cabana on Bayview Avenue opens June 13th.
High Tide Inc.(CSE: HITI), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of cannabis lifestyle accessories, is pleased to announce that the Canna Cabana retail cannabis store located at 1723 Bayview Avenue in East York, Ontario will be opening on Saturday, June 13, 2020. Located just south of Eglinton Avenue, it will mark the seventh branded Canna Cabana location in Ontario and the Company's 36th retail cannabis store across Canada. The Bayview Store secured all necessary permits and licenses on June 8, 2020, after receiving a Retail Store Authorization from the Alcohol and Gaming Commission of Ontario on June 1, 2020, which was one of only five issued in the first week of June.
With nine percent market share Canna Cabana is the second largest retail brand by number of stores in Ontario, based on 82 currently authorized by the AGCO to be open.Raj Grover, President and Chief Executive Officer of High Tide
The Bayview Store will serve the 120,000 residents living in the East York area, as part of the City of Toronto's overall population of approximately 2,700,000. "The Bayview Store is a great complement to the existing Canna Cabana locations in Toronto on Yonge Street and Parliament Street and our other stores across Ontario in Burlington, Hamilton, Niagara Falls and Sudbury," said Raj Grover, President and Chief Executive Officer of High Tide. High Tide expects to open its next three Canna Cabana locations by September to reach the provincial maximum of 10 retail cannabis stores per operator.
To learn more about High Tide Inc, visit the company HQ here.
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