High Tide opening two new Canna Cabana locations
High Tide is continuing to expand its Canadian retail cannabis store footprint with the announcement of two new Canna Cabana locations in Canada.
The new locations will be in Toronto and Winnipeg. The Winnipeg store will open at 1439 Henderson Highway and the Toronto location will be in the high-end retail mall operation The Well at 486 Front St. West in Toronto, blending high-end residential, entertainment, and commercial spaces, along with a wide range of retailers, restaurants, and reimagined food court.
These openings bring High Tide's total store count to 202 Canna Cabana locations across Canada, 83 in the province of Ontario and 12 in the province of Manitoba.
READ: High Tide to soon open its new Canna Cabana location in Kitchener
"Both the Manitoba and Ontario markets continue to deliver strong results for our Canna Cabana network, and we're thrilled to deepen our footprint in these high-potential provinces," said Raj Grover, founder and chief executive officer of High Tide. "In March, our stores across both provinces delivered annualized revenue run rates significantly above the national average, underscoring the strength of our differentiated discount club model and loyalty ecosystem. These results reaffirm our decision to reinvest our cash flows into targeted expansion, bringing even more Canadians into the Cabana Club."
"I also want to thank the Government of Manitoba for passing Bill 9, which will help level the playing field by limiting controlled access licenses to communities with fewer than 5,000 residents. This important shift ensures age-gated cannabis retail remains in the hands of responsible operators, protects youth, and supports the long-term viability of licensed cannabis stores across the province," added Grover.
