High Tide to Open Three New Canna Cabana Locations

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

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

Market Reality Check

$2.60 Last Close

Volume Volume 445,486 vs 20-day average 481,392 (relative volume 0.93), indicating trading close to typical levels ahead of this expansion update. normal

Technical Shares at $2.605 are trading slightly below the $2.65 200-day moving average, reflecting a modestly weaker longer-term trend into this positive store-opening news.

Peers on Argus

While HITI was down 2.07%, peers in the pharmaceutical retail/healthcare space showed a mixed picture: WGRX up 6.99%, SCNX up 3.92%, SSY up 9.31%, while PETS fell 0.57% and HKPD dropped 5.04%, suggesting today’s move was more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	European expansion	Positive	+0.4%	Opened first European Canna Cabana flagship store in Berlin.
Nov 12	Multiple store openings	Positive	-1.0%	Announced four new Alberta and Ontario Canna Cabana locations.
Oct 23	Single store opening	Positive	+0.6%	Planned new Hamilton, Ontario Canna Cabana location opening.
Oct 21	Loyalty program targets	Positive	-0.3%	Raised Cabana Club member and store-count targets across Canada.
Sep 26	Growth ranking	Positive	-5.1%	Recognized among Canada’s Top Growing Companies with strong revenue growth.

Pattern Detected

Recent positive corporate updates (store openings, loyalty milestones, growth rankings) have produced mixed reactions, with three instances of negative price moves versus two positive, indicating that upbeat news has not consistently translated into immediate gains.

Recent Company History

Over the past few months, High Tide has focused on expanding its Canna Cabana footprint and brand. On Sep 26, it highlighted a 188% three-year revenue growth rate and 210 locations but saw a -5.09% reaction. Subsequent news on Cabana Club targets, new Ontario stores, and Berlin expansion grew the network to over 215 locations, with mostly modest price moves. Today’s three-store opening continues this steady retail growth narrative in Canada following its initial European brick-and-mortar entry.

Market Pulse Summary

This announcement highlights further execution on High Tide’s retail growth strategy, adding three Canna Cabana stores and lifting the Canadian footprint to 218 locations, with 91 in Alberta and 94 in Ontario. It also notes a temporary closure of the Berlin store for an operational matter. In context of recent steady expansion, investors may focus on how quickly new sites ramp, the status of the Berlin location, and any changes to market share or long-term store-count targets.

Key Terms

recreational cannabis medical

"will begin selling recreational cannabis products and consumption accessories"

Recreational cannabis is the use and sale of cannabis products by adults for enjoyment rather than for medical treatment. For investors it signals a consumer goods market similar to alcohol or tobacco: demand-driven sales, branding and retail distribution, plus taxes and licensing that can boost or squeeze profits. It matters because legal status, regulations and changing consumer trends determine market size, costs and investment risk.

medical cannabis medical

"importation and wholesale of medical cannabis products at affordable prices"

Medical cannabis is the use of cannabis plant extracts or compounds such as THC and CBD as prescribed or recommended to treat symptoms or medical conditions. Think of it as a plant-based medicine that can relieve pain, nausea, muscle spasms or other symptoms where conventional drugs may not work; for investors it matters because legal status, clinical evidence, supply rules and insurance coverage determine market size, licensing value and revenue potential.

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.

CALGARY, AB, Dec. 5, 2025 /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 it will open three new Canna Cabana branded locations across Ontario and Alberta, located in the cities of Calgary, London and Brampton. These openings bring High Tide's total store count to 218 Canna Cabana locations across Canada, 91 in the province of Alberta and 94 in the province of Ontario.

"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.

LONDON LOCATION

The Company's new Canna Cabana located at 1299 Oxford Street East in London, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on December 15, 2025, pending regulatory approval. Located at a major east-end intersection in a plaza that offers a mix of essential retail and quick-service options driving steady daily traffic, this new Cabana sits in an underserviced area with strong surrounding residential density that continues to grow.

BRAMPTON LOCATION

The Company's new Canna Cabana located at 34 Avondale Blvd in Brampton, Ontario is expected to begin selling recreational cannabis products and consumption accessories for adult use on December 20, 2025, pending regulatory approval. This neighbourhood plaza site benefits from a young, fast-growing population and limited nearby competition. Supported by daily-needs retailers and quick-service options, the location provides steady foot traffic and strong potential as a convenient local shopping destination.

CALGARY LOCATION

The Company's new Canna Cabana located at 7248 Ogden Road SE in Calgary, Alberta will begin selling recreational cannabis products and consumption accessories for adult use on December 23, 2025, pending regulatory approval. Positioned in a southeast residential neighbourhood, this location serves one of Calgary's mature communities with minimal direct competition. The store sits within a local plaza alongside everyday conveniences such as a gas station, liquor store and quick-serve restaurants, and is closely connected to nearby industrial employment areas, supporting steady traffic throughout the day.

BERLIN STORE UPDATE

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 Canada, with 218 domestic and 1 international location. 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. In 2025 The Company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany. 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 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 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 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 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.

FAQ

What new Canna Cabana locations did High Tide (HITI) announce on Dec 5, 2025?

High Tide announced three new Canna Cabana stores in London, Ontario, Brampton, Ontario, and Calgary, Alberta.

When will the new High Tide (HITI) Canna Cabana stores open in December 2025?

Planned selling start dates are Dec 15 (London), Dec 20 (Brampton) and Dec 23, 2025, all pending regulatory approval.

How many Canna Cabana stores does High Tide (HITI) now operate in Canada?

The openings bring Canna Cabana to 218 locations across Canada, including 91 in Alberta and 94 in Ontario.

Does the Dec 5, 2025 announcement affect High Tide's store growth target for 2025?

Yes; management said these openings place the company at the upper end of its 20–30 new locations target for the year.

Is any Canna Cabana location temporarily closed according to the Dec 5, 2025 release?

Yes; the Berlin Canna Cabana location is temporarily closed while an operational matter is addressed.