Mr. Raj Grover reports
HIGH TIDE TO OPEN CANNA CABANA IN POPULAR YEAR-ROUND TOURIST DESTINATION OF BANFF
High Tide Inc.'s Canna Cabana retail cannabis store located in unit No. L08/09 at 215 Banff Ave. in Banff, Alta, will be opening on Wednesday, Aug. 12, 2020, after receiving its licence from Alberta Gaming Liquor and Cannabis on Aug. 6. The Banff store marks the company's 28th location in Alberta and 37th retail cannabis store across Canada.
"As one of only two locations on Banff Avenue, the Banff store is a significant addition to the company's retail portfolio. Canna Cabana is conveniently accessible to consumers directly from Banff Avenue, which is a unique opportunity to serve the four million tourists who visit Banff year-round, as well as local residents," said Raj Grover, president and chief executive officer of High Tide. "This premium location was secured organically without any acquisition cost, and we are excited to bring our signature retail cannabis experience to this world-renowned tourist destination," added Mr. Grover.
About High Tide Inc.
High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of cannabis lifestyle accessories. Its premier Canadian retail brand Canna Cabana spans 34 locations in Ontario, Alberta and Saskatchewan, with additional locations under development across Canada. High Tide has been serving cannabis consumers for over a decade through its numerous lifestyle accessory enterprises including e-commerce platforms Grasscity and CBDcity, lifestyle and licensed entertainment brand manufacturer Famous Brandz, and its wholesale distribution divisions RGR Canada Inc. and Valiant Distribution.
High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. and Aurora Cannabis Inc.
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