High Tide Expands Retail Footprint with New Canna Cabana Stores in Toronto and Winnipeg

High Tide Inc., a prominent player in the cannabis retail industry, is set to strengthen its market presence with the opening of two new Canna Cabana locations in Canada. The first store will debut on June 27, 2025, in Winnipeg, Manitoba, while the second will launch on July 1, 2025, in Toronto, Ontario. This expansion marks a significant milestone for High Tide, as it brings the total number of Canna Cabana locations to 202 across the country.

New Locations and Their Significance

Winnipeg Location

The new Canna Cabana store in Winnipeg is strategically positioned at 1439 Henderson Highway, nestled within a grocery-anchored plaza that boasts great visibility and accessibility. Located just off the Chief Peguis Trail, the site benefits from high traffic and a local population of around 10,000 residents within a one-kilometer radius. This store will be the first Canna Cabana in Winnipeg's north end, opening doors to a previously untapped customer base. CEO Raj Grover emphasized that the proximity to minimal competition will support future growth in the region.

Toronto Location

In Toronto, the store will be located in The Well, a newly established mixed-use shopping mall synonymous with modern urban living. The mall integrates residential, entertainment, and commercial spaces, making it a vibrant destination for diverse visitors. Canna Cabana’s entrance will be adjacent to Wellington Market, known for its array of high-quality food vendors. The unique positioning near this bustling market guarantees high footfall, bolstering the potential for significant sales and consumer engagement.

Positive Market Trends

High Tide's expansion in both Manitoba and Ontario comes on the heels of strong performance metrics. Stores in these provinces have reported annualized revenue run rates well above the national average. This trend highlights the effectiveness of High Tide's discount club model and its loyalty program, which promotes an engaging shopping experience for customers. By reinvesting cash flows into strategic expansion, the company aims to attract more Canadians to its Canna Cabana ecosystem.

Raj Grover also acknowledged the role of local regulations in supporting retail growth. He expressed gratitude to the Government of Manitoba for sanctioning Bill 9, which will limit controlled-access licenses in smaller communities, thereby promoting a responsible cannabis retail environment.

About High Tide

High Tide, Inc. is internationally recognized as a leading cannabis retail enterprise. It operates the largest cannabis retail chain in Canada, Canna Cabana, which features 202 locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. Established in 2021, Canna Cabana pioneered the concept of a cannabis discount club, emphasizing customer-centric operations and retail innovations. High Tide also boasts a successful suite of e-commerce sites focused on cannabis accessories and other related products, positioning itself as a comprehensive player in the cannabis industry.

Furthermore, High Tide continues to expand its brand portfolio, which includes popular names like Queen of Bud, Daily High Club, and others in the cannabis accessory market. The company remains focused on harnessing the full potential of cannabis through innovative practices and strategic partnerships.

High Tide's commitment to expansion has not gone unnoticed. The enterprise was recently named one of Canada’s Top Growing Companies by the Globe and Mail for the fourth consecutive year and has secured multiple accolades in the retail category of the Financial Times' list of America's Fastest Growing Companies for 2023. For more information about High Tide, visit their official website.

Conclusion

With its innovative retail strategies and growing cannabis network, High Tide Inc. is poised for a remarkable trajectory in the cannabis market. The opening of new locations in major cities like Toronto and Winnipeg not only enhances the consumer experience but also sets a benchmark for cannabis retail operations across Canada. As the lingering effects of local regulations continue to shape the industry landscape, High Tide’s advancements are positioned to benefit from a robust and responsible market environment.