CALGARY, Aug. 15, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at Unit #310, 4602 46th Street in the city of Olds (the “Olds Store”) received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and has begun selling recreational cannabis for adult use. Inclusive of the Olds Store, High Tide currently has 17 branded Canna Cabana locations selling recreation cannabis products across Canada.
High Tide’s next 6 Canna Cabana locations are all licensed and expected to be operating as retail cannabis stores by early September. With the addition of the first KushBar location that is expected to be licensed in the near term, the Company will soon have 24 retail cannabis locations across Canada, barring any changes to the current rate of licensing by AGLC. “The opening of the Olds Store is a testament to the hard work and dedication of our employees and it is because of their passion that Canna Cabana is one of Canada’s leading recreational cannabis retailers,” said Raj Grover, President and Chief Executive Officer of High Tide. “We are excited to bring the Canna Cabana experience to the forward-thinking community of Olds, where we have an existing relationship through our previous Smoker’s Corner business,” added Mr. Grover.
This week, Canna Cabana also received two AGLC licenses to sell recreational cannabis at its upcoming locations in Calgary and Vegreville, which are expected to open in early September. The remaining Canna Cabana and KushBar locations needed to achieve the AGLC’s maximum of 15% market share are currently under various stages of development and construction. Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with 3 branded locations in Hamilton, Sudbury and Toronto, Ontario.