Calgary, AB (Canada) — High Tide Inc., a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, has opened its 125th branded retail location across Canada, and 65th in Ontario. (High Tide marked its 100-store milestone on September 30, 2021.) The 125th store is located in Blackfalds, Alberta, in a retail plaza anchored by national discount and grocery retailers.
“I am pleased to announce that High Tide has reached the milestone of 125 retail cannabis stores with this expansion into another new community. As a fast-growing and young town, Blackfalds has favorable cannabis demographics, and given the success of our nearby Canna Cabana store in Red Deer, I expect that this new store will perform positively as well,” says Raj Grover, president and CEO of High Tide. “Achieving the 125-store milestone is yet another encouraging sign for High Tide’s future, as our bricks-and-mortar retail revenues have continued to grow strongly and exceed expectations since we launched our discount club model, with continued same-store sales growth that has put us in an even stronger leadership position within the Canadian cannabis retail landscape.”
High Tide has 125 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. The company is North America’s first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co. and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide’s portfolio also includes retail kiosk and smart locker technology, Fastendr™. High Tide has been serving consumers for over a decade through its established e-commerce platforms. For more information, visit www.hightideinc.com.
SOURCE: High Tide