- High Tide (HITI) has opened Canna Cabana retail cannabis stores in Kitchener and Barrie, Ontario
- The Kitchener location has begun selling cannabis products
- The Barrie store is scheduled to open on December 16
- High Tide is a leading retail-focused cannabis company with bricks-and-mortar and global e-commerce assets
- High Tide Inc. (HITI) opened trading at C$2.02
High Tide (HITI) has opened new Canna Cabana retail cannabis stores in Kitchener and Barrie.
The Kitchener location has begun selling recreational cannabis products and consumption accessories for adult use.
The store in Barrie, Ontario, is scheduled to open tomorrow.
These openings represent High Tide’s 143rd and 144th stores nationwide and 45th and 46th in Ontario.
The new Kitchener store is located in a commercial shopping plaza. Located in Kitchener’s east end, the new store will provide convenient access to Cabana Club and Cabana ELITE members in an underserviced neighbourhood.
The Barrie location is in an established commercial plaza. A walkable distance from Georgian College, it is also situated close to Highway 400, a major provincial expressway frequently used by cottage goers.
Raj Grover, President and Chief Executive Officer of High Tide, commented on the news.
“Canna Cabana continues to expand across Ontario, Canada’s largest province. Today, I am pleased to announce the opening of our first store in Barrie and our third store in Kitchener. Just an hour outside the greater Toronto area, Barrie is a small but growing tech hub, home to major data centres for companies like BMO and IBM. The Kitchener-Waterloo region is also home to a booming tech sector, including two of the fastest growing tech companies in Canada as listed on Deloitte’s Technology Fast 50 list in 2022.”
Grover added,
“Ontario has been fertile ground for growth for Canna Cabana, especially in the Kitchener-Waterloo region. Our new Kitchener store is situated in a high-quality power centre, with national tenants, and sets us up for further success with our expansion into Kitchener’s east end. Our first Barrie location opens a new and exciting market for Canna Cabana, which is amongst the best demographics for cannabis use in the province and will serve nearly 150,000 local residents and those heading into cottage country from the Greater Toronto Area. I look forward to announcing more stores this month as High Tide moves closer to our goal of 150 Canna Cabana stores by the end of 2022.”
High Tide is a leading retail-focused cannabis company with bricks-and-mortar and global e-commerce assets.
High Tide Inc. (HITI) opened trading at C$2.02.