#Canada #High Tide #Canna Cabana #Chestermere

High Tide Expands Presence in Alberta with Recent Acquisition

In a significant move aimed at bolstering its market share, High Tide Inc. has announced the acquisition of an established cannabis retail store located at 100 Rainbow Road in Chestermere, Alberta. The transaction, finalized for $670,000 in cash, allows High Tide to strengthen its growing cannabis portfolio as it rebrands the store under its popular Canna Cabana name. This strategic acquisition marks a milestone in High Tide's expansion efforts as the company now boasts a total of 234 locations across Canada, with 93 of those situated in Alberta.

A Prime Location

The newly acquired store benefits from a strategic location on one of Chestermere's main arteries, ensuring high visibility and accessibility for both local residents and commuters traveling to Calgary. The store is part of a bustling commercial unit that houses various other businesses, including a national quick-service restaurant and specialty retail outlets. This location not only drives consistent foot traffic but also leverages proximity to essential services such as a major grocery store and a liquor outlet. The synergy created by these complementary businesses aligns perfectly with Canna Cabana's discount club model, providing an excellent opportunity for repeat customers and increased sales.

High Tide's Founder and CEO, Raj Grover, expressed his enthusiasm regarding this acquisition, stating, "Great opportunities are worth waiting for. We have pursued a location in Chestermere for some time, ensuring we secure the best possible location without compromising on economics. Today, we are pleased to have acquired a cash-flowing store at an attractive valuation."

Economic Viability

The financial details of the transaction reveal a purchase price that reflects 2.1 times the store's annualized Adjusted EBITDA of approximately $316,000, derived from the three months ending August 31, 2026. This solid economic foundation reassures stakeholders about the profitability potential and aligns with High Tide's strategy to focus on locations that promise robust returns.

Grover further highlighted the importance of location in retail success, noting, "The characteristics of this store—strong visibility, a growing residential population, and essential shopping destinations—make it an excellent addition to our network. As we expand across the country, we remain committed to maintaining high standards in site selection and ensuring that new acquisitions coincide with our strategic growth objectives."

About High Tide Inc.

High Tide Inc. is a leading, community-focused, retail-oriented cannabis company dedicated to unlocking the full potential of cannabis. Its subsidiary, Canna Cabana, is recognized as the second-largest cannabis retailer globally, boasting operations that span various provinces in Canada, as well as international ventures.

Founded in 2021, Canna Cabana is known for being the world’s first cannabis discount club retailer. With further ambitions in the European market, High Tide also owns and operates e-commerce platforms and has made strides in the medical cannabis distribution sector through its German partner, Remexian Pharma GmbH.

High Tide continues to make headlines for its innovative approaches and growth strategies, being named among Canada’s Top Growing Companies multiple times and recognized as a leader in the retail sector by major business publications.

As High Tide embarks on this new chapter with the acquisition of the Chestermere store, the company aims not just to expand its footprint but to enhance the consumer experience across Canada’s cannabis retail landscape.

For further details on High Tide's operations, investors are encouraged to visit the official website or check out their investment performance profiles on SEDAR+ and EDGAR.