High Tide has added a new notch on its belt after opening its 70th retail cannabis store in Canada.
High Tide Inc. (CSE:HITI) an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories and cannabis lifestyle products, announced today that the Canna Cabana retail store has begun selling recreational cannabis products for adult use.
This opening represents High Tide's 70th retail location across Canada selling recreational cannabis products and consumption accessories.
"The new store is part of our strategic plan to build scale and drive revenue growth by selectively opening new locations in neighborhoods that aren't over saturated with existing cannabis retail options," said Raj Grover.
As with all stores operating under the High Tide umbrella, this new location will follow our exclusive one-stop shop approach that allows consumers to purchase all of their cannabis and accessory needs under one roof.Raj Grover, President and Chief Executive Officer of High Tide.
The new Country Hills store continues to expand High Tide's strong foothold in southern Alberta, one of Canada's fastest growing population centers.
High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 70 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide's retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country.
High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses including e-commerce platforms Grasscity.com and CBDcity.com, and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz.
High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB).
To learn more about High Tide, visit their company HQ here.
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