CALGARY, AB, /PRNewswire/ – High Tide Inc. (“High Tide” or the “Company“) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announces that its Canna Cabana retail cannabis store located at 8 Wellesley Street East, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use Sunday, March 17. This opening will mark High Tide’s 165th Canna Cabana branded retail cannabis location in Canada, the 55th in the province of Ontario and the 11th in Toronto.
This Canna Cabana is located at the corner of Toronto’s iconic Yonge Street and Wellesley Avenue and is minutes away from Toronto’s gay village, positioning it well to take advantage of the huge crowds of locals and tourists that flock to the area throughout the summer, especially during Toronto’s Pride week. With a population density of over 200,000 residents within a 3-kilometre radius, this brand-new Canna Cabana will welcome the surrounding foot traffic from the working professionals and tourists who frequent this vibrant neighbourhood.
“Toronto is the fourth most populous city in North America and is widely regarded as Canada’s financial capital. This brand new Canna Cabana is surrounded by a multitude of high-density multi-family condominiums largely occupied by working professionals and is steps away from the busy Wellesley subway station, ensuring easy access to the store for consumers across downtown Toronto and beyond,” said Raj Grover, Founder and Chief Executive Officer of High Tide.
“This new Yonge and Wellesley location builds on the success of our Canna Cabana store at the corner of Yonge and College, which opened shortly after legalization in 2018. Annually, 60 million residents and tourists walk through the downtown Yonge Street corridor, which ranks amongst the busiest foot traffic areas in Canada. I also look forward to welcoming the hundreds of thousands of tourists who frequent the Yonge Street corridor every year, especially during Toronto Pride week, which is amongst the top tourist drawing events in North America,” added Mr. Grover.
SOURCE High Tide Inc.
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