CALGARY, July 25, 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 stores located at Unit #116, 5305 Magasin Avenue in the city of Beaumont, a franchised store located at Unit #105, 330 10 Street NW in Calgary and at 5022 50 Street in Lacombe (collectively, the “New Alberta Stores”) all received their first deliveries of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and have begun selling recreational cannabis for adult use. The New Alberta Stores bring the total number of Canna Cabana retail locations currently selling recreational cannabis to a total of 14 branded locations across Canada.
High Tide expects its next 7 Canna Cabana locations and the first KushBar location to be licensed as retail cannabis stores by the end of August, which will bring its total number to 22 locations across Canada, barring any changes to the current rate of licensing by AGLC. “Bringing the Canna Cabana experience to the community of Kensington in Calgary and the cities of Beaumont and Lacombe not only supports the expansion of High Tide’s retail segment but it also boosts the wholesale segment as these locations feature our wide range of proprietary smoking accessories,” said Raj Grover, President and Chief Executive Officer of High Tide. “Out staff is excited to sell recreational cannabis products at the New Alberta Stores and we look forward to continuing the rapid rate of growth that has taken Canna Cabana from 4 to 10 Alberta locations within a month,” added Mr. Grover.
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. High Tide is also progressing toward closing the previously announced acquisition of a second location in Saskatchewan, establishing a retail cannabis presence in Manitoba and opening the maximum number of 8 locations in British Columbia.