High Tide to Open Two New Canna Cabana Locations in Toronto and Winnipeg
High Tide Inc. (Nasdaq: HITI) announced the opening of two new Canna Cabana retail cannabis stores, expanding its total network to 202 locations across Canada. The first store, opening June 27, 2025, is located at 1439 Henderson Highway in Winnipeg, Manitoba, becoming the company's 12th location in the province. The second store, opening July 1, 2025, will be situated in The Well shopping mall at 486 Front St. West in Toronto, Ontario, marking the company's 83rd location in Ontario.
The Winnipeg location, positioned near Chief Peguis Trail, serves a population of approximately 10,000 within a 1-kilometer radius. The Toronto location is strategically placed in a high-traffic area adjacent to Wellington Market. Both provinces have demonstrated strong performance, with stores delivering annualized revenue run rates above the national average in March.
High Tide Inc. (Nasdaq: HITI) ha annunciato l'apertura di due nuovi negozi di cannabis al dettaglio Canna Cabana, portando la sua rete totale a 202 punti vendita in tutto il Canada. Il primo negozio, che aprirà il 27 giugno 2025, si trova al 1439 Henderson Highway a Winnipeg, Manitoba, diventando il 12° punto vendita dell'azienda nella provincia. Il secondo negozio, che aprirà il 1° luglio 2025, sarà situato nel centro commerciale The Well al 486 Front St. West a Toronto, Ontario, segnando il 83° punto vendita dell'azienda in Ontario.
La sede di Winnipeg, posizionata vicino a Chief Peguis Trail, serve una popolazione di circa 10.000 persone entro un raggio di 1 chilometro. La sede di Toronto è strategicamente collocata in un'area ad alto traffico, adiacente al Wellington Market. Entrambe le province hanno mostrato ottime performance, con negozi che a marzo hanno registrato ricavi annualizzati superiori alla media nazionale.
High Tide Inc. (Nasdaq: HITI) anunció la apertura de dos nuevas tiendas minoristas de cannabis Canna Cabana, ampliando su red total a 202 ubicaciones en todo Canadá. La primera tienda, que abrirá el 27 de junio de 2025, está ubicada en 1439 Henderson Highway en Winnipeg, Manitoba, convirtiéndose en la 12ª ubicación de la compañía en la provincia. La segunda tienda, que abrirá el 1 de julio de 2025, estará situada en el centro comercial The Well en 486 Front St. West en Toronto, Ontario, marcando la 83ª ubicación de la compañía en Ontario.
La ubicación de Winnipeg, situada cerca de Chief Peguis Trail, atiende a una población de aproximadamente 10,000 personas en un radio de 1 kilómetro. La ubicación de Toronto está estratégicamente ubicada en una zona de alto tráfico junto al Wellington Market. Ambas provincias han demostrado un rendimiento sólido, con tiendas que en marzo mostraron ingresos anualizados por encima del promedio nacional.
High Tide Inc. (나스닥: HITI)는 두 개의 새로운 Canna Cabana 소매 대마초 매장을 개장하여 캐나다 전역에 총 202개 지점을 확장했다고 발표했습니다. 첫 번째 매장은 2025년 6월 27일에 매니토바 주 위니펙의 1439 Henderson Highway에 오픈하며, 이 회사의 해당 주 내 12번째 지점이 됩니다. 두 번째 매장은 2025년 7월 1일 온타리오 주 토론토의 486 Front St. West에 위치한 The Well 쇼핑몰에 개장하여, 회사의 온타리오 내 83번째 지점이 됩니다.
위니펙 매장은 Chief Peguis Trail 근처에 위치하며 1킬로미터 반경 내 약 10,000명의 인구를 대상으로 합니다. 토론토 매장은 Wellington Market 인근의 유동 인구가 많은 지역에 전략적으로 자리잡고 있습니다. 두 주 모두 3월 기준으로 전국 평균을 상회하는 연간 매출 실적을 기록하며 강력한 성과를 보이고 있습니다.
High Tide Inc. (Nasdaq : HITI) a annoncé l'ouverture de deux nouveaux magasins de cannabis au détail Canna Cabana, portant son réseau total à 202 emplacements à travers le Canada. Le premier magasin, qui ouvrira le 27 juin 2025, est situé au 1439 Henderson Highway à Winnipeg, Manitoba, devenant le 12e emplacement de l'entreprise dans la province. Le deuxième magasin, qui ouvrira le 1er juillet 2025, sera situé dans le centre commercial The Well au 486 Front St. West à Toronto, Ontario, marquant le 83e emplacement de l'entreprise en Ontario.
Le site de Winnipeg, situé près de Chief Peguis Trail, dessert une population d'environ 10 000 personnes dans un rayon d'un kilomètre. Le site de Toronto est stratégiquement placé dans une zone à fort trafic, à côté du Wellington Market. Les deux provinces ont montré de solides performances, avec des magasins affichant en mars des taux de revenus annualisés supérieurs à la moyenne nationale.
High Tide Inc. (Nasdaq: HITI) gab die Eröffnung von zwei neuen Canna Cabana Einzelhandelsgeschäften für Cannabis bekannt und erweitert damit sein gesamtes Netzwerk auf 202 Standorte in ganz Kanada. Das erste Geschäft, das am 27. Juni 2025 eröffnet wird, befindet sich in der 1439 Henderson Highway in Winnipeg, Manitoba, und ist der 12. Standort des Unternehmens in der Provinz. Das zweite Geschäft, das am 1. Juli 2025 eröffnet wird, befindet sich im Einkaufszentrum The Well in der 486 Front St. West in Toronto, Ontario, und markiert den 83. Standort des Unternehmens in Ontario.
Der Standort Winnipeg liegt in der Nähe des Chief Peguis Trail und bedient eine Bevölkerung von etwa 10.000 Menschen im Umkreis von 1 Kilometer. Der Standort Toronto ist strategisch in einem stark frequentierten Bereich neben dem Wellington Market gelegen. Beide Provinzen haben starke Leistungen gezeigt, wobei die Geschäfte im März jährliche Umsatzraten über dem nationalen Durchschnitt erzielten.
- Expansion to 202 total store locations across Canada, strengthening market presence
- Strategic location choices with high foot traffic and limited competition in Winnipeg
- Premium positioning in Toronto's Well shopping mall with significant daily visitor flow
- Stores in Manitoba and Ontario delivering above-average revenue run rates
- Beneficial regulatory change in Manitoba (Bill 9) supporting licensed cannabis store viability
- None.
Insights
High Tide's two new store openings strengthen their position as Canada's largest cannabis retailer, extending their discount club model in key markets.
High Tide's announcement of two strategically located new Canna Cabana stores brings their total Canadian footprint to 202 locations, further cementing their position as Canada's largest cannabis retail chain. The Winnipeg location on Henderson Highway represents a tactical expansion into an underserved market with approximately 10,000 potential customers within a 1km radius and limited competition. This marks their first entry into Winnipeg's north end, potentially capturing an entirely new customer base.
The Toronto location at The Well shopping mall is particularly notable for its premium positioning in a high-traffic area adjacent to Wellington Market's entrance, which sees thousands of daily visitors. This high-visibility spot in downtown Toronto should drive significant foot traffic and brand exposure in Canada's largest city.
CEO Raj Grover's comments reveal that stores in Manitoba and Ontario are delivering above-average revenue compared to national figures, validating their discount club business model. The passing of Manitoba's Bill 9 represents a regulatory win by limiting controlled access licenses to smaller communities, effectively reducing potential competition and strengthening the company's market position.
This expansion aligns with High Tide's disciplined growth strategy of reinvesting cash flows into targeted new locations. With these additions, High Tide now operates 83 stores in Ontario and 12 in Manitoba, markets they've identified as delivering strong financial results. This careful market selection demonstrates management's focus on optimizing their retail network rather than pursuing undifferentiated growth.
Conveniently located just off Chief Peguis Trail—a major traffic artery in Winnipeg—this grocery-anchored plaza offers excellent visibility and easy accessibility. The area benefits from strong co-tenancies and serves a local population of approximately 10,000 within a 1-kilometer radius, with limited competition nearby. As the first Canna Cabana in
The Well is a newly opened, state-of-the-art mixed-use shopping mall, located in the heart of downtown
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"I also want to thank the Government of
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 and is the second-largest cannabis retailer globally by store count1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in
Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup.
Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more.
CBD: High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.
High Tide consistently moves ahead of the currents, having been named one of
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1 As reported by ATB Capital Markets based on store counts as of February 6, 2025 |
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 timing of our new locations 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 our commitment to opening the number of future stores on the timeline indicated herein. 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
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