High Tide Continues Canadian Expansion with Three New Canna Cabana Locations
Rhea-AI Summary
High Tide (Nasdaq/TSXV: HITI) plans to expand its Canadian retail footprint with three new Canna Cabana stores in Lindsay and Orléans, Ontario, and Regina, Saskatchewan, expected to open between September 2 and 5, 2026, pending regulatory approval.
Once operational, these openings will increase High Tide's Canna Cabana network to 232 stores in Canada, including 105 in Ontario and 14 in Saskatchewan. According to High Tide, all 2026 additions, with a goal of at least 20 new Cabanas, are to be funded from internally generated cash flow.
Positive
- Three new Canna Cabana stores expected to open September 2–5, 2026
- Canadian Canna Cabana network to reach 232 stores, including 105 in Ontario
- Saskatchewan store count to increase to 14 locations
- Target of at least 20 new Cabanas in 2026, funded from internal cash flow
- Canna Cabana holds a 12% share of the Canadian cannabis retail market
- Remexian Pharma holds a 14% share of the German medical cannabis market
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 25 | Earnings date announcement | Neutral | +4.5% | Scheduled third-quarter results release and management webcast |
| Aug 12 | Shareholder meeting results | Positive | -0.4% | Shareholders approved director elections, auditor appointment and rights plan |
| Aug 05 | Credit facility closing | Positive | +0.9% | Closed C$40 million of senior secured credit facilities |
| Aug 04 | Quarterly guidance update | Positive | +4.7% | Guided to record third-quarter revenue, gross profit and Adjusted EBITDA |
| Jul 30 | Retail acquisition closing | Positive | +4.4% | Closed acquisition adding four Ontario cannabis retail stores |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Positive guidance, financing and acquisition announcements were followed by positive 24-hour reactions, while the shareholder-meeting event was followed by a negative reaction.
Key Terms
return on invested capital financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
"Every new store must earn its place in our network. These three locations combine strong traffic, high visibility and favourable competitive dynamics, which are exactly the kind of sites where Canna Cabana's scale, membership base and discount club model can build durable market share and generate attractive returns over time. We are expanding deliberately, not simply chasing store count, and will continue to put site quality and return on invested capital first," said Raj Grover, Founder and Chief Executive Officer of High Tide.
"With more than 15 locations currently at various stages of development, we expect a steady cadence of further store announcements through the calendar year-end. We remain on track to meet our goal of adding at least 20 new Cabanas in calendar 2026, funded from internally generated cash flow. I look forward to providing full financial results and operational highlights for the third fiscal quarter on September 14," added Mr. Grover.
Lindsay Location
The Company's new Canna Cabana located at 351 Kent Street West, Unit 1, in
Orléans Location
The Company's new Canna Cabana located at 900 Watters Road in the Orléans community of
Regina Location
The Company's new Canna Cabana located at 6250 Rochdale Boulevard in
The store is located along a major neighbourhood thoroughfare, beside a high-traffic gas station and adjacent to a national quick-service restaurant. The location is in the new northwest
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 232 domestic and 1 international location. The Company's Canadian bricks-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a growing
Medical Cannabis Distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a
High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange (the "TSXV") in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
High Tide Inc.
omar@hightideinc.com
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
vahan@hightideinc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the receipt of regulatory approvals for the store openings; the timing of the new locations opening and beginning to sell recreational cannabis products and consumption accessories for adult use; the expected benefits of the store locations; the level of competition in the area; and the ability to reach our goal of adding at least 20 stores this year. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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SOURCE High Tide Inc.