High Tide to open 3 Canna Cabana stores in Ont., Alta.

Executive Summary

• High Tide Inc. announced the opening of three new Canna Cabana-branded retail locations in Ontario (North York and Etobicoke) and Alberta (Fort McMurray), bringing its total Canadian store count to 210.
• The company is accelerating expansion in the second half of the year, targeting two to three new locations per month, funded entirely through internal free cash flow without reliance on external capital.
• New locations are strategically selected for high visibility, dense population, and growth potential, with additional openings expected through year-end.

Key Details

• New Locations and Opening Dates:
  • North York, Ontario: 1448 Lawrence Ave. East; opens Sept. 26, 2025. Located in a popular shopping centre at the intersection of Lawrence and Victoria Avenues.
  • Etobicoke, Ontario: 1020 Islington Ave.; opens Sept. 27, 2025. Positioned on a busy north-south traffic artery, serving residential and industrial/business park areas.
  • Fort McMurray, Alberta: 10024 Franklin Ave.; opens Sept. 29, 2025. Located in the downtown core, near hotels and attractions, complementing an existing store in the north end of town.
• Store Count: Total Canna Cabana locations now stand at 210 across Canada (89 in Alberta, 88 in Ontario).
• Growth Strategy: CEO Raj Grover stated the company is self-funding growth, targeting 2-3 new locations per month using profits.
• Market Position: Canna Cabana holds approximately 12% of the Canadian cannabis retail market and is the second-largest cannabis retail brand globally.
• Future Outlook: Additional store openings are expected to be announced in the weeks and months leading up to year-end.

Notable Quotes

• "Momentum is clearly building across our network as we accelerate store openings in the second half of this year. Supported by our strong free cash flow profile, we continue to self-fund growth, targeting two to three new locations per month entirely from our own profits. This disciplined approach allows us to expand without relying on external capital while advancing steadily towards our stated goals," said Raj Grover, founder and chief executive officer of High Tide.
• "Just as importantly, we are focused on securing only the best real estate in markets with high growth and high revenue potential. Cities such as Fort McMurray, North York and Etobicoke remain key to our strategy, and our multiple locations in these areas underscore our conviction in their long-term value. We expect to be announcing additional openings in the weeks and months ahead, right through to year-end," added Mr. Grover.