#Canada #High Tide #Canna Cabana #Scarborough

High Tide Expands Its Canna Cabana Network

On February 9, 2026, High Tide Inc. celebrated the grand opening of its new retail cannabis outlet, Canna Cabana, located at 3148 Kingston Road in Scarborough, Ontario. This launch marks a significant milestone for High Tide as it brings the total count of Canna Cabana stores in Canada to 219, with 95 locations situated in Ontario alone.

Strategic Location and Market Potential

The new Canna Cabana is strategically placed along one of Scarborough's major thoroughfares, Kingston Road, ensuring maximum visibility and accessibility. The site is situated in a residential neighborhood with a high traffic volume and limited cannabis competition nearby, which bodes well for its success. Previously, the location was occupied by Rockwood Cannabis, which performed effectively, laying a promising foundation for this new venture.

Raj Grover, the Founder and CEO of High Tide, remarked on the significance of this opening. He emphasized that the new store reflects the company's disciplined approach to expansion and the commitment to sites that meet their rigorous financial and operational standards. Given the community's growth and density, Grover sees this location as an exceptional opportunity to solidify their footprint in Ontario and leverage the Canna Cabana model, known for its competitive pricing and loyal customer base.

A Proven Business Model

Canna Cabana aims to enhance its operational performance by utilizing a successful business model combined with strong brand loyalty. High Tide Inc. is committed to developing a well-integrated cannabis retail experience, providing not just a retail atmosphere but also enriching the community through responsible practices in cannabis retailing. This aligns with their vision of being a community-driven enterprise that emphasizes customer satisfaction and brand loyalty.

In addition to the excitement around the new store, High Tide issued announcements regarding equity compensation to employees and consultants, further investing in its workforce. They granted options to purchase 145,500 common shares at a price of $3.22 per share, along with 1,300,530 restricted stock units (RSUs) designed to align the interests of employees with those of shareholders.

About High Tide Inc.

High Tide Inc. stands out as a leader in the cannabis retail sector, recognized for its innovative approach and consumer-centric operations. Their flagship brand, Canna Cabana, is the second-largest cannabis retail brand in the world. High Tide has a solid presence throughout Canada with a 12% market share and a growing footprint internationally. Their diverse operations encompass retail, e-commerce, and global distribution of cannabis products, showcasing their adaptability in the rapidly evolving cannabis landscape.

High Tide has been honored for its growth and resilience, being named one of Canada's Top Growing Companies by the Globe and Mail for five consecutive years and earning recognition from the Financial Times as one of America's Fastest Growing Companies in 2023.

In summary, the opening of the new Canna Cabana in Scarborough not only reflects High Tide's strategic growth plans but also strengthens its position in the marketplace, promising value for customers and stakeholders alike. With a strong operational model and a commitment to community integration, High Tide aims to continue its upward trajectory in the cannabis industry. For further updates and information about High Tide, you can visit their website at www.hightideinc.com.