#Canada #High Tide #Canna Cabana #Hamilton

High Tide Expands with New Canna Cabana Store in Ontario

High Tide Inc., a leading name in the cannabis retail market, is excited to announce the opening of its 77th Canna Cabana location in Ontario on February 15, 2025. Situated at 447 Main Street East in Hamilton, this new retail outlet represents a significant milestone for the company as it expands its footprint into the bustling downtown area of this vibrant city.

Hamilton, located in Ontario's Golden Horseshoe, has seen remarkable economic growth over the past decade, transforming from a city historically reliant on steel and textiles into a diverse economic hub. Known for its developments in life sciences, advanced manufacturing, logistics, and technology, Hamilton presents an ideal location for a Canna Cabana store, strategically placed within a high-traffic shopping plaza.

The new location will offer a variety of recreational cannabis products along with essential consumption accessories for adult use. This step is a testament to High Tide's commitment to delivering accessible and quality cannabis to a growing customer base. Raj Grover, the Founder and CEO of High Tide, expressed enthusiasm about bringing Canna Cabana to this vibrant area, noting that the location's placement in a busy retail space aligns with their strategy of establishing stores where foot traffic is high.

High Tide has been recognized for its innovative approach to retail and aims to provide unbeatable prices and a wide selection of cannabis products. With 192 Canna Cabana locations across Canada, this 77th store in Ontario adds to their expanding portfolio. Raj Grover emphasized the company's growth, citing strong free cash flow generation which allows High Tide to fund new locations through internally generated cash.

In addition to expanding its Canadian presence, High Tide is making strides internationally. The company is preparing to enter the German medical cannabis market with the acquisition of Purecan, which is expected to close imminently. Grover highlighted their optimistic conversations with Canadian licensed producers and the aim to become a leading distributor of Canadian medical cannabis products in Germany, paralleling their success in Canada.

High Tide Inc., as the second-largest cannabis retailer globally, prides itself on community-driven and retail-forward strategies that harness the full potential of the cannabis industry. This commitment is reflected in their range of offerings, which includes traditional brick-and-mortar stores, an automated retail experience via Fastendr™, and a suite of e-commerce platforms for cannabis accessories like Grasscity.com and Smokecartel.com.

As High Tide continues to innovate within the cannabis space, they’re expanding their brand presence with an impressive roster that includes Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™. The company also embraces opportunities in the CBD market through multiple platforms, cultivated with the intention of maximizing consumer choice.

Moreover, High Tide's growth and innovation have not gone unnoticed, as reflected in their recognition as one of Canada’s Top Growing Companies by the Globe and Mail and the top performer in the retail category as per Financial Times' list of America’s Fastest Growing Companies.

With the launch of the Hamilton Canna Cabana expected to enhance customer experiences and solidify High Tide's market position, both in Canada and beyond, the future is looking bright for this dynamic company. Visit their site at hightideinc.com to learn more about their expansive offerings and plans for continued growth.