High Tide to Open Three New Canna Cabana Locations
High Tide (Nasdaq: HITI) will open three new Canna Cabana stores in London, Brampton and Calgary, bringing its Canadian Canna Cabana network to 218 locations (91 in Alberta, 94 in Ontario).
Rhea-AI Summary
High Tide (Nasdaq: HITI) will open three new Canna Cabana stores in London, Brampton and Calgary, bringing its Canadian Canna Cabana network to 218 locations (91 in Alberta, 94 in Ontario).
The London store aims to begin sales on Dec 15, 2025, Brampton on Dec 20, 2025 and Calgary on Dec 23, 2025, each pending regulatory approval. Management said these openings put the company at the upper end of its goal to open 20–30 new locations this year. A Berlin Canna Cabana is temporarily closed while an operational matter is addressed.
Positive
- Total stores increased to 218 across Canada
- Reached upper end of 20–30 new locations target for 2025
- Three new Ontario and Alberta stores with concrete opening dates
Negative
- All three new store openings are pending regulatory approval
- Berlin Canna Cabana is temporarily closed for an operational matter
Details
News Market Reaction – HITI
In the Dec 5 session, HITI declined 3.83%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- New locations
- 3 stores
- New Canna Cabana openings in Calgary, London and Brampton
- Total Canna Cabana stores
- 218 locations
- Canadian domestic Canna Cabana footprint after new openings
- Alberta stores
- 91 locations
- Canna Cabana presence in Alberta after expansion
- Ontario stores
- 94 locations
- Canna Cabana presence in Ontario after expansion
- International Canna Cabana
- 1 location
- Berlin Canna Cabana noted as temporarily closed
- Canadian market share
- 12%
- Canna Cabana share across five Canadian provinces
- Import countries
- 19 countries
- Remexian licensed to import medical cannabis from 19 countries
Historical Context
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Opened first European Canna Cabana flagship store in Berlin.
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Announced four new Alberta and Ontario Canna Cabana locations.
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Planned new Hamilton, Ontario Canna Cabana location opening.
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Raised Cabana Club member and store-count targets across Canada.
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Recognized among Canada’s Top Growing Companies with strong revenue growth.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
recreational cannabis medical
medical cannabis medical
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
"Opening three new Cabanas across key high-growth markets underscores the durability of our discount club model and our ability to execute with precision," said Raj Grover, Founder and Chief Executive Officer of High Tide. "With these additions, we will officially reach the upper end of our goal to open 20 to 30 new locations this year."
"Delivering on our commitments while expanding in key markets highlights the strong momentum behind the Canna Cabana brand, and we're proud to close out the year having achieved exactly what we set out to accomplish," added Mr. Grover.
The Company's new Canna Cabana located at 1299 Oxford Street East in
The Company's new Canna Cabana located at 34 Avondale Blvd in
The Company's new Canna Cabana located at 7248 Ogden Road SE in
Our Berlin Canna Cabana location is temporarily closed while we address an operational matter. We expect to have this resolved as soon as possible.
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
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
High Tide consistently moves ahead of the currents, having been named one of
Neither the TSX Venture Exchange 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
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 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; 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.
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SOURCE High Tide Inc.
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