Mr. Raj Grover reports
HIGH TIDE EXPANDS ONTARIO PRESENCE WITH NEW TORONTO STORE
High Tide Inc.'s Canna Cabana retail store located at 2318 Keele St. West in Toronto, Ont., has begun selling recreational cannabis products for adult use. This opening represents High Tide's 85th branded retail location across Canada and 18th in Ontario, selling recreational cannabis products and consumption accessories. Located within walking distance of Toronto's iconic Corsa Italia neighbourhood, the new store is poised to benefit from its location within a densely populated neighbourhood close to popular restaurants and shopping destinations.
"As Canada's largest province, Ontario represents a huge organic growth opportunity for our business," said Raj Grover, president and chief executive officer of High Tide. "Although Ontario's recently imposed pandemic related restrictions on construction are impacting the pace of store buildouts, we remain committed to our expansion strategy so that more and more Ontario customers can take advantage of our well-established and differentiated one-stop shopping experience," added Mr. Grover.
About High Tide Inc.
High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 84 branded retail locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide's retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses, including e-commerce platforms Grass City, Smoke Cartel and CBD City, and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz.
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