High Tide continues expanding with new location in Ontario
High Tide continues to expand in Ontario.
Retail cannabis provider High Tide Inc. announce it has opened a new Canna Cabana retail cannabis store located at 447 Main Street East in Hamilton, Ontario.
This opening will mark High Tide's 192nd Canna Cabana branded retail cannabis location in Canada, the 77th in the province of Ontario and the sixth in the City of Hamilton.
Hamilton, located at the western edge of Ontario's Golden Horseshoe, has emerged as a key investment hotspot in both Canada and North America, experiencing remarkable growth over the past decade. Historically centered on steel and textiles, the city has become one of the most economically diverse municipalities in Ontario, establishing itself as a leader in sectors such as life sciences, advanced manufacturing, logistics, creative industries, and emerging technologies.
READ: High Tide opens second Canna Cabana in Scarborough, Ontario
"We are thrilled to bring Canna Cabana to the heart of downtown Hamilton, expanding our reach to serve a new and vibrant customer base in this high-density area. This prime location, anchored in a bustling shopping plaza alongside national discount, grocery, and pharmacy retailers, aligns perfectly with our strategy of positioning Canna Cabana in high-foot-traffic environments. We look forward to welcoming both new and returning customers to experience our unbeatable prices and exceptional selection. Thanks to our strong free cash flow generation, we are building many more prime locations with our internally generated cash, further solidifying our leadership in the Canadian cannabis retail market," said Raj Grover, founder and CEO of High Tide.
"At the same time, we are equally excited about our entry into the German medical cannabis market with the announced acquisition of Purecan, which is scheduled to close imminently. Our initial conversations with Canadian licensed producers have been promising as we work to become the preeminent distributor of Canadian medical cannabis products in Germany. We aim to carve out a market share in Germany similar to what we have achieved in Canada, seizing this new and exciting international cannabis opportunity," added Grover.
Canna Cabana has 192 current locations across Canada, with locations in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
