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High Tide Inc. announced the opening of its 170th Canna Cabana store in Ajax, Ontario, marking the 61st store in the province and the 2nd in Ajax. The new store offers recreational cannabis products and accessories for adult use, situated in a prime location with growth potential. With plans to open more locations between Toronto and Ottawa, High Tide aims to reach 300 stores nationwide.
High Tide Inc. announced the opening of its Canna Cabana retail cannabis store in Owen Sound, Ontario, marking the 60th location in Ontario and 169th in Canada. The strategic location near major retailers is expected to attract customers. The company's Founder and CEO, Raj Grover, expressed excitement for future expansions in 2024, emphasizing strong cash flow generation and rapid growth plans.
High Tide Inc. announced the appointment of Mayank Mahajan as the new Chief Financial Officer, bringing extensive financial expertise across various sectors. The company also granted stock options and restricted share units to officers, directors, and employees. The appointment aims to drive sustainable growth, improve financial accountability, and enhance corporate governance.
High Tide Inc. welcomes the Biden administration's move to reschedule cannabis from Schedule I to Schedule III, potentially allowing companies to deduct business expenses. The company sees this as a historic moment for cannabis reforms in the U.S., aiming to support the growth of a legal sector and displace the illicit market, with positive implications for its international prospects.
