High Tide Expands Presence with New Canna Cabana Store in Drayton Valley, Alberta
High Tide Inc., a dynamic retail-oriented cannabis company, proudly announces the opening of its latest Canna Cabana store in Drayton Valley, Alberta. This new retail outlet, located at 4341 50 Street, officially began operations on July 31, 2025, offering a range of recreational cannabis products and accessories tailored for adult consumers.
With this latest addition, High Tide continues to flourish, bringing its total number of Canna Cabana stores to 203 across Canada, with 88 situated in Alberta alone. Drayton Valley, known for its vibrant oil and gas industry, is experiencing significant growth and boasts a strong local economy, making it an ideal location for this expansion. The new store is strategically placed in a bustling plaza that hosts a national grocery chain, a pharmacy, and various fast-food outlets, ensuring high visibility and easy access for local residents.
Raj Grover, Founder and CEO of High Tide, expressed excitement about the new store's opening, stating, "We are thrilled to provide the Canna Cabana experience to the Drayton Valley community. This area represents the kind of market we are eager to enter—one that shows growing demand for our products. With our continued national expansion, we are poised to make an immediate and positive impact."
High Tide's rapid growth is not just limited to physical store locations. The company has witnessed tremendous success in its Cabana Club and ELITE membership programs, boasting over 2 million and 100,000 members, respectively. This surge in membership reflects High Tide's strategic growth in high-value markets. Grover noted, "As we aim to achieve our target of 300 Canna Cabana locations, reaching 3 million Cabana Club members is well within our reach. The momentum we are generating is exciting and speaks to our brand's potential."
In conjunction with the store opening, High Tide also announced the allocation of 58,500 incentive stock options to various employees. These options are tied to the closing price of the Company's common shares on the TSX Venture Exchange and vest over a two-year period, showcasing High Tide's commitment to its workforce.
High Tide Inc. stands out in the cannabis industry, not only as a retailer but also as an innovator in the field. With Canna Cabana being recognized as the second-largest cannabis retail chain worldwide, the company is focused on enhancing the consumer experience through initiatives like the unique Fastendr™ technology, which simplifies product browsing and ordering through automated kiosks.
In addition to its retail outlets, High Tide operates several well-known online platforms for cannabis accessories, including Grasscity.com and Smokecartel.com, solidifying its position as a comprehensive player in the cannabis sector. Furthermore, High Tide continues to expand its CBD product line and wholesale distribution methods to keep up with market demands.
Past accolades include being named among Canada’s Top Growing Companies by the Globe and Mail for four consecutive years and achieving recognition on the Financial Times’ list of Americas' Fastest Growing Companies in 2023. As High Tide continues its journey, it will remain committed to leading advancements in the cannabis space while embracing growth opportunities across the country. For those interested in the latest updates and news, more details can be found at www.hightideinc.com.
In conclusion, with the opening of the new Canna Cabana in Drayton Valley, High Tide Inc. affirms its dedication to bringing quality cannabis products to communities, paving the way for continued expansion and innovation in the cannabis industry.
With this latest addition, High Tide continues to flourish, bringing its total number of Canna Cabana stores to 203 across Canada, with 88 situated in Alberta alone. Drayton Valley, known for its vibrant oil and gas industry, is experiencing significant growth and boasts a strong local economy, making it an ideal location for this expansion. The new store is strategically placed in a bustling plaza that hosts a national grocery chain, a pharmacy, and various fast-food outlets, ensuring high visibility and easy access for local residents.
Raj Grover, Founder and CEO of High Tide, expressed excitement about the new store's opening, stating, "We are thrilled to provide the Canna Cabana experience to the Drayton Valley community. This area represents the kind of market we are eager to enter—one that shows growing demand for our products. With our continued national expansion, we are poised to make an immediate and positive impact."
High Tide's rapid growth is not just limited to physical store locations. The company has witnessed tremendous success in its Cabana Club and ELITE membership programs, boasting over 2 million and 100,000 members, respectively. This surge in membership reflects High Tide's strategic growth in high-value markets. Grover noted, "As we aim to achieve our target of 300 Canna Cabana locations, reaching 3 million Cabana Club members is well within our reach. The momentum we are generating is exciting and speaks to our brand's potential."
In conjunction with the store opening, High Tide also announced the allocation of 58,500 incentive stock options to various employees. These options are tied to the closing price of the Company's common shares on the TSX Venture Exchange and vest over a two-year period, showcasing High Tide's commitment to its workforce.
High Tide Inc. stands out in the cannabis industry, not only as a retailer but also as an innovator in the field. With Canna Cabana being recognized as the second-largest cannabis retail chain worldwide, the company is focused on enhancing the consumer experience through initiatives like the unique Fastendr™ technology, which simplifies product browsing and ordering through automated kiosks.
In addition to its retail outlets, High Tide operates several well-known online platforms for cannabis accessories, including Grasscity.com and Smokecartel.com, solidifying its position as a comprehensive player in the cannabis sector. Furthermore, High Tide continues to expand its CBD product line and wholesale distribution methods to keep up with market demands.
Past accolades include being named among Canada’s Top Growing Companies by the Globe and Mail for four consecutive years and achieving recognition on the Financial Times’ list of Americas' Fastest Growing Companies in 2023. As High Tide continues its journey, it will remain committed to leading advancements in the cannabis space while embracing growth opportunities across the country. For those interested in the latest updates and news, more details can be found at www.hightideinc.com.
In conclusion, with the opening of the new Canna Cabana in Drayton Valley, High Tide Inc. affirms its dedication to bringing quality cannabis products to communities, paving the way for continued expansion and innovation in the cannabis industry.
Topics Consumer Products & Retail）
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