High Tide to open four new Canna Cabana stores

Executive Summary

• High Tide Inc. is opening four new Canna Cabana locations in Calgary, Scarborough, Kitchener, and Nepean, bringing its total Canadian store count to 215.
• The company remains on track to meet its 2025 target of opening 20 to 30 new stores, having already opened 24 locations this calendar year.
• The expansion is driven by organic growth and a disciplined capital allocation strategy, with new sites strategically positioned in high-traffic areas with limited competition.

Key Details

• Total Store Count: 215 Canna Cabana locations across Canada (90 in Alberta, 92 in Ontario).
• 2025 Expansion Target: On track for the higher end of the 20-to-30-new-store target; 24 locations opened so far in 2025.
• New Location Details:
  • Calgary, AB: 2525 Bridlecrest Way SW. Opens Nov 13, 2025. Located in southwest Calgary, a new area for the brand, in a plaza with fast food and everyday-use tenants.
  • Scarborough, ON: 2000 Eglinton Ave. East. Opens Nov 17, 2025. Located on the "Golden Mile" shopping strip, backed by a discount club grocer, national pet store, and fast-food tenants.
  • Kitchener, ON: 875 Highland Rd. West. Opens Nov 18, 2025. Located in a high-traffic commercial centre anchored by a national grocer and liquor retailer.
  • Nepean, ON: 1831 Robertson Rd. Opens Nov 20, 2025. Located in Bells Corners, a rapidly evolving Ottawa suburb, within a high-traffic commercial plaza.
• Strategic Focus: Emphasis on high-visibility sites, convenient co-tenancies, and areas with limited competitor entry to drive profitable growth and customer loyalty.

Notable Quotes

• "Hitting 215 Cabanas -- almost entirely through organic growth -- is a powerful validation of our disciplined capital allocation strategy and our ability to identify and win in the right neighbourhoods," said Raj Grover, founder and chief executive officer of High Tide.
• "With 24 new locations opened so far this calendar year, we remain on track to finish toward the higher end of our 20-to-30-new-store target for 2025. Our team's consistent execution continues to expand our national reach and amplify the strength of the Canna Cabana brand, driving profitable growth as we deepen our presence in Alberta and Ontario," added Mr. Grover.