High Tide Opens Second Canna Cabana in Mississauga, Ontario

Canna Cabana Storefront in Toronto (image source: Bayview Leaside BIA)

CALGARY, AB, /CNW/ – 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, announced today that its Canna Cabana retail cannabis store located at 1891 Rathburn Rd E, Mississauga, Ontario will begin selling recreational cannabis products and consumption accessories for adult use today at 4:20 PM. This opening will mark High Tide’s 164th Canna Cabana branded retail cannabis location in Canada, the 55th in the province of Ontario and the 2nd in Mississauga.

This brand-new Canna Cabana opens in the northeast end of Mississauga, surrounded by over 100,000 residents within a 5-kilometer radius with a mix of single-family homes and multi-family residential towers. Nestled in a well-trafficked retail plaza which is anchored by a major grocery chain, a nationally recognized pharmacy retailer, and complimented by quick-service restaurants, this store will welcome new ELITE and Cabana Club members from the surrounding neighbourhoods. Moreover, this Canna Cabana is a 10-minute walk from Garnetwood Park, with access to Etobicoke Creek Trail and Lorrie Mitoff Trail, among others, through the city’s beautiful greenspace.

“I am pleased to announce the opening of our second Canna Cabana location in Mississauga. Given the population density surrounding this bustling retail plaza, these carefully selected organic locations, such as this Kingsbury store, provide a meaningful boost to our robust retail store portfolio in Canada’s largest province. It also amplifies the Canna Cabana brand in the northeast end of Mississauga, complimenting our newly opened Mavis location and other stores to be announced in the coming weeks,” said Raj Grover, Founder and Chief Executive Officer of High Tide.

“Increasing our store footprint in Ontario, which recently doubled its retail cannabis store cap to 150, will play a key part in hitting our long-term goal of operating 300 Canna Cabana locations across Canada. With our leading free cash flow generation, we anticipate increasing the pace of new store openings across Canada and I look forward to announcing more Canna Cabana store openings in premier real estate locations throughout the year,” added Mr. Grover.

SOURCE High Tide Inc.

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