High Tide Inc., an Alberta-based retail-focused cannabis company, has announced that three of its Canna Cabana retail stores are now open for business.
On July 25, the three Canna Cabana locations received their first deliveries of cannabis products from Alberta Gaming, Liquor and Cannabis (AGLC) and started selling recreational cannabis for adult use.
The Canna Cabana stores are located at:
- Unit #116, 5305 Magasin Avenue in Beaumont,
- A franchised store located at Unit #105, 330 10 Street NW in Calgary
- 5022 50 Street in Lacombe
The new Alberta stores brings the total number of Canna Cabana locations selling recreational cannabis to 14 branded across Canada.
High Tide expects its next seven Canna Cabana locations as well as the first KushBar location will be licensed by the end of August, which will bring its total number to 22 locations across Canada.
“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 four to 10 Alberta locations within a month.”
The remaining retail cannabis locations needed to achieve the AGLC’s maximum of 15 per cent 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 three branded locations in Hamilton, Sudbury and Toronto.
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.
Who is High Tide?
High Tide is an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products.
It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, and the majority of KushBar Inc.