High Tide Expands Presence in Ontario with Two New Canna Cabana Stores

High Tide Inc., recognized as a leading retail-forward cannabis enterprise, is making significant strides in Ontario by launching two new Canna Cabana stores. The first store is located at 99 Balsam Street in Collingwood and is scheduled to open on March 13, 2025. The second store at 1 Hespeler Road in Cambridge will follow suit, opening its doors on March 17, 2025. This expansion comes as the company's 193rd and 194th Canna Cabana locations across Canada, with the province of Ontario now housing 79 stores in total.

Collingwood Store: A Central Location for Tourists

The new store in Collingwood is perfectly positioned in the heart of the town, which attracts a remarkable 400,000 tourists annually. Situated within Collingwood Centre, a shopping hub alongside popular national hardware and grocery stores, this location benefits from high foot traffic and strong co-tenancy. As travelers make their way to Blue Mountain Village, the Canna Cabana store will be the first cannabis retail establishment they encounter, offering convenient access for both locals and visitors.

Cambridge Store: Meeting Community Needs

The second store opening in Cambridge is ideally located at a major intersection, surrounded by a densely populated residential area with limited competition in the vicinity. The strategic placement of this store capitalizes on substantial foot traffic, as it is easily accessible from various national fast food, retail, and coffee chains, catering to a busy community throughout the day.

Raj Grover, the founder and CEO of High Tide, expressed enthusiasm about the expansion. He stated, "We are thrilled to be expanding our footprint in Ontario with these two new Canna Cabana locations in Collingwood and Cambridge. Each store has been carefully selected to serve both local communities and visitors, regarding their unique needs."

The Collingwood store is especially poised to cater to the influx of visitors drawn to this popular tourist destination, particularly during peak seasons, while the Cambridge store aims to serve a residence-heavy area, bringing quality cannabis products closer to the community.

Commitment to Accessibility and Value

As the company approaches its ambitious goal of reaching 200 stores nationwide, High Tide emphasizes its commitment to making cannabis legal, accessible, and affordable for all. Grover added, "Our goal is to create a shopping experience that is engaging and enjoyable, ensuring our loyal members receive the best products at competitive prices in a safe and welcoming environment."

High Tide remains dedicated to innovation, leveraging its unique discount club model, which offers exclusive Cabana Club benefits aimed at enhancing customer loyalty and satisfaction.

Additional Developments: Stock Options Grant

In light of these openings, High Tide has also announced a grant of 25,000 incentive stock options to company consultants, aligning with its growth strategy. The Options will allow for the purchase of common shares and will vest over a one-year period.

About High Tide

High Tide Inc. is renowned for being a community-driven, retail-first cannabis enterprise focused on maximizing the value of cannabis products. As the second-largest cannabis retailer globally, it prioritizes the needs of cannabis consumers, ensuring robust operations across retail, e-commerce, and product innovation. With 194 locations, Canna Cabana is the largest cannabis retail chain in Canada, offering a range of products designed to meet diverse consumer needs. High Tide's various initiatives continue to propel the company forward, affirming its position as a leader in the evolving cannabis market.

To delve deeper into High Tide's impact and offerings, visit www.hightideinc.com. For updates on investment performance, check the High Tide profiles on SEDAR+ and EDGAR.