High Tide to Open New Canna Cabana in Ottawa, Ontario
Rhea-AI Summary
High Tide (Nasdaq/TSXV: HITI) announced that its new Canna Cabana retail cannabis store at 4828 Bank Street in Ottawa, Ontario, is expected to begin adult-use cannabis and accessories sales on July 24, 2026. This opening increases High Tide’s footprint to 229 Canna Cabana locations across Canada, including 104 in Ontario. The store is in the rapidly growing Findlay’s Creek suburb within Ottawa’s Gloucester area, positioned in a busy retail corridor serving more than 25,000 residents within a five‑kilometre radius, according to High Tide.
Positive
- None.
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 15 | Shareholder AMA | Neutral | -1.8% | CEO hosted a Reddit AMA addressing strategy, operations, and outlook questions. |
| Jul 06 | Rights plan adoption | Negative | -1.3% | Company adopted temporary and amended shareholder rights plans. |
| Jun 17 | German partnership showcase | Positive | -6.0% | Remexian showcased exclusive Canadian medical cannabis distribution partnerships in Germany. |
| Jun 15 | Q2 earnings report | Positive | +12.0% | Record quarterly revenue and adjusted EBITDA were reported alongside positive net income. |
| Jun 15 | Credit facility approval | Positive | -2.6% | Bank of Montreal approved C$40 million in senior secured credit facilities. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
High Tide's recent positive or informational announcements more often diverged from negative price reactions than aligned with them.
Key Terms
recreational cannabis medical
hemp-derived cbd medical
AI-generated analysis. How Rhea-AI works. Not financial advice.
"As Canada's largest cannabis retailer, we believe our greatest competitive advantage continues to be our ability to deliver exceptional value through a differentiated retail model that keeps members coming back," said Raj Grover, Founder and Chief Executive Officer of High Tide.
"We're excited to strengthen our presence in
This new Canna Cabana is located in Findlay's Creek, a rapidly growing suburb in south
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 229 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 news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements are often, but not always, identified by words such as "expect", "intend", "plan", "believe", "anticipate", "estimate", "may", "will", "could", "should" and similar expressions. Forward-looking statements in this news release include, without limitation, statements relating to: the timing of our new location beginning to sell recreational cannabis products and consumption accessories for adult use, the expected benefits of the store location, and the level of competition in the area.
Forward-looking statements are based on management's current expectations and assumptions as of the date of this news release. Forward looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially, including, without limitation: delays or inability to obtain required regulatory approvals or authorizations; changes in competitive, market or consumer conditions; operational risks associated with opening and operating new stores; and the other 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-to-open-new-canna-cabana-in-ottawa-ontario-302832744.html
SOURCE High Tide Inc.