High Tide Opens 220th Canna Cabana in Sarnia, Ontario

Rhea-AI Summary

High Tide (Nasdaq: HITI) opened its 220th Canna Cabana retail store at 1355 London Road in Sarnia, Ontario, beginning sales on March 9, 2026. This is the company’s first Sarnia location and increases its Ontario footprint to 96 stores.

The company said Canna Cabana now operates 220 locations nationwide and holds a growing 12% Canadian market share. High Tide will release Q1 2026 results after markets close on March 17, 2026, with a management webcast at 11:30 AM ET on March 18, 2026.

Positive

• Reached 220 Canna Cabana stores nationwide
• Expanded Ontario footprint to 96 stores
• First retail entry into Sarnia market on March 9, 2026
• Company reports a growing 12% share of Canadian cannabis market
• Q1 2026 financial results to be released March 17, 2026, with webcast March 18

Negative

• None.

News Market Reaction – HITI

-0.40%

1 alert

-0.40% News Effect

On the day this news was published, HITI declined 0.40%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total Canna Cabana stores: 220 locations Ontario Canna Cabana stores: 96 locations Canadian market share: 12% +5 more

8 metrics

Total Canna Cabana stores 220 locations Canada-wide store count after Sarnia opening

Ontario Canna Cabana stores 96 locations Ontario store count including new Sarnia location

Canadian market share 12% Share of Canadian cannabis retail market

Sarnia opening date March 9, 2026 Start of recreational cannabis sales at new store

Q1 2026 quarter end January 31, 2026 Fiscal first quarter 2026 period end

Q1 2026 results release March 17, 2026 Planned release date after market close

Earnings webcast time 11:30 AM ET Webcast on March 18, 2026 to discuss Q1 results

Store count globally 220 locations Canna Cabana described as largest Canadian chain

Market Reality Check

Price: $2.47 Vol: Volume 319,472 is below t...

low vol

$2.47 Last Close

Volume Volume 319,472 is below the 20-day average of 473,161, suggesting a modest pre-news reaction. low

Technical Shares at $2.49 are trading below the $2.74 200-day moving average and 38.6% below the 52-week high.

Peers on Argus

HITI is up 0.81% while peers show mixed moves: some down (e.g., WGRX -11.87%, PE...

HITI is up 0.81% while peers show mixed moves: some down (e.g., WGRX -11.87%, PETS -4.04%) and others up (SSY +9.31%, HKPD +5.41%). No coordinated sector trend is indicated.

Historical Context

5 past events · Latest: Mar 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 04	Strategy / advocacy	Positive	-1.2%	Joined U.S. National Compassionate Care Council as founding member to shape policy.
Mar 03	Board & governance	Neutral	-0.8%	Refreshed board and advisory team with focus on real estate and AI.
Feb 09	Store opening & grants	Positive	+3.0%	Opened new Scarborough Canna Cabana and issued options and RSUs.
Jan 29	Earnings release	Positive	-8.2%	Reported record Q4 and 2025 revenue and adjusted EBITDA with free cash flow.
Jan 09	Earnings date set	Neutral	-0.8%	Announced timing for Q4 and full-year 2025 results and webcast.

Pattern Detected

Recent positive operational and financial updates have not consistently translated into gains, with record earnings drawing a notable selloff while store openings saw a modest positive reaction.

Recent Company History

Over the past few months, High Tide has combined retail expansion with governance and strategic initiatives. It reported record Q4 2025 revenue of $164.0M and expanded to 218–219 Canna Cabana locations, yet that earnings release was followed by a -8.23% move. Store-opening news, such as the Scarborough location that brought the chain to 219 stores, drew a +2.98% reaction. Board refresh and policy-focused participation in the U.S. National Compassionate Care Council saw small negative moves, highlighting mixed market responses to otherwise constructive updates. Today’s Sarnia opening and upcoming Q1 2026 earnings date fit this ongoing growth narrative.

Market Pulse Summary

This announcement highlights High Tide’s ongoing brick-and-mortar growth, as the Sarnia opening lift...

Analysis

This announcement highlights High Tide’s ongoing brick-and-mortar growth, as the Sarnia opening lifts its Canadian Canna Cabana footprint to 220 locations and 96 in Ontario, alongside a stated 12% domestic market share. It also sets expectations for Q1 2026 results, due on March 17 with a webcast on March 18. In context of mixed historical reactions to growth and earnings news, investors may focus on store-level performance and upcoming financial metrics.

Key Terms

nasdaq, tsxv, fse, sedar+, +3 more

7 terms

nasdaq financial

"High Tide Inc. ("High Tide" ) (Nasdaq: HITI) (TSXV: HITI)"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

tsxv financial

"(Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA)"

TSXV (TSX Venture Exchange) is a public stock exchange that lists smaller, early-stage companies, often in natural resources, technology, and other growth sectors. Think of it as a marketplace for startups where investors can find higher-risk, higher-upside opportunities; listing there signals lighter regulatory requirements and thinner trading volume than major exchanges, so price swings and the ability to buy or sell shares can be larger factors for investors to consider.

fse financial

"(Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA)"

FSE is the common abbreviation for the Frankfurt Stock Exchange, a major marketplace where shares, bonds and other securities are bought and sold. It matters to investors because activity there—listings, trading volume and price changes—affects how easily assets can be bought or sold, provides price signals used to value holdings, and influences access to European capital; think of it as a large, central marketplace that helps set fair market prices.

sedar+ regulatory

"results will be available on SEDAR+, EDGAR, and on the Company's website"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

edgar regulatory

"results will be available on SEDAR+, EDGAR, and on the Company's website"

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

webcast financial

"High Tide will host a webcast with Raj Grover... to discuss the Company's financial results"

A webcast is a live or recorded online event where people watch or listen to presentations, announcements, or performances through the internet. It’s like a TV broadcast but over the internet, allowing viewers from anywhere to tune in in real time or later. Webcasts are important because they let companies share information quickly and widely with audiences around the world.

forward-looking statements regulatory

"CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis press release may contain"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

The Company Also Announces the Details of the Release of Its Upcoming First Quarter 2026 Financial Results 

CALGARY, AB, March 6, 2026 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1355 London Road in Sarnia, Ontario, will begin selling recreational cannabis products and consumption accessories for adult use on March 9, 2026. This opening brings High Tide's total store count to 220 Canna Cabana locations across Canada and 96 in the province of Ontario.

This location marks the Company's first entry into the Sarnia market and represents a strong demographic fit as it expands further into Southwestern Ontario. Strategically positioned in the city's east end along London Road, the site offers excellent visibility within a well-established commercial node directly across Lambton Mall. The store benefits from a highly complementary tenant mix, co-tenanted with nationally recognized retailers in addition to a concentration of big-box retail located directly across the street.

"I am pleased to announce our entry into the Sarnia market as we continue expanding into high-potential communities across Canada where Canna Cabana does not yet have a presence," said Raj Grover, Founder and Chief Executive Officer of High Tide. "Sarnia offers a strong demographic profile for cannabis retail, and we believe our discount club model will resonate well with local consumers seeking value, selection, and a differentiated retail experience."

"While we are proud to have reached 220 stores nationwide, Canada still presents meaningful opportunities for continued organic expansion. Our approach remains disciplined and data-driven, focusing on quality locations and communities where the fundamentals support long-term growth," added Mr. Grover.

WEBCAST LINK FOR HIGH TIDE EARNINGS EVENT

The Company also announces that it will release its financial and operational results for the quarter ended January 31, 2026, after financial markets close on Tuesday, March 17, 2026. High Tide's first fiscal quarter 2026 financial and operational results will be available on SEDAR+, EDGAR, and on the Company's website at https://hightideinc.com/invest. 

Following the release of its first fiscal quarter financial and operational results, High Tide will host a webcast with Raj Grover, Founder and Chief Executive Officer, and Mayank Mahajan, Chief Financial Officer, to discuss the Company's financial results and what the remaining fiscal year holds for High Tide, at 11:30 AM Eastern Time on Wednesday, March 18, 2026.

https://app.webinar.net/XVw7dN1x5Z6

Participants are encouraged to pre-register for the webcast by clicking on the link above prior to the beginning of the live webcast. Three hours after the live webcast, a replay of the webcast will be available at the same link above.

Participants who wish to ask questions during the event may do so through the call-in line, the access information for which is as follows: 

North American Toll Free: 1-888-510-2154
International Toll Free (Germany): 498005889782

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 220 domestic locations. The Company's Canadian bricks-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a growing 12% share of the market. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. The Company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD products.

Medical Cannabis Distribution: Remexian Pharma GmbH is a leading German pharmaceutical company built for the purpose of importation and wholesale of medical cannabis products at affordable prices. Among all German medical cannabis procurers, Remexian has one of the most diverse reaches across the globe and is licensed to import from 19 countries including Canada.

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
Carter Brownlee
Communications and Public Affairs Advisor
High Tide Inc.
cbrownlee@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 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; and the level of competition in the area. 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/high-tide-opens-220th-canna-cabana-in-sarnia-ontario-302706320.html

SOURCE High Tide Inc.

FAQ

When will High Tide (HITI) open the new Canna Cabana store in Sarnia, Ontario?

High Tide will begin retail sales at the Sarnia Canna Cabana on March 9, 2026. According to the company, the store is located at 1355 London Road and targets an east-end commercial node across from Lambton Mall.

How many Canna Cabana stores does High Tide (HITI) operate in Canada as of March 2026?

High Tide operates 220 Canna Cabana locations across Canada as of this announcement. According to the company, the network includes 96 stores in Ontario and spans multiple provinces including British Columbia and Alberta.

What is High Tide’s reported Canadian market share and where was that figure stated?

High Tide reports a growing 12% share of the Canadian cannabis market. According to the company, that market-share figure reflects its nationwide Canna Cabana retail operations and recent expansion activity.

When will High Tide (HITI) release its Q1 2026 financial results and how can investors access the webcast?

High Tide will release Q1 2026 results after markets close on March 17, 2026, with a webcast at 11:30 AM ET on March 18, 2026. According to the company, the webcast link and replay will be available on its investor site.

What strategic rationale did High Tide give for opening the Sarnia Canna Cabana (HITI)?

High Tide said Sarnia offers a strong demographic fit and retail visibility for its discount club model. According to the company, the site benefits from an established commercial node and complementary national retailers nearby.