High Tide to open two additional Canna Cabana stores

Executive Summary

• High Tide Inc. announced the opening of two new Canna Cabana retail locations in Saskatoon, Saskatchewan, and Lasalle, Ontario, bringing its total Canadian store count to 205.
• The Saskatoon location began operations on August 18, 2025, while the Lasalle location is scheduled to open on August 25, 2025.
• CEO Raj Grover highlighted these openings as part of a strategy to expand accessibility and affordability, citing confidence in achieving the upper end of the 2025 target range and noting potential future opportunities in Germany and the U.S.

Key Details

• Total Store Count: High Tide now operates 205 Canna Cabana-branded locations across Canada.
• Provincial Breakdown: The company has 13 locations in Saskatchewan and 84 locations in Ontario.
• Saskatoon Location:
  • Address: 415 Circle Dr. East, Saskatoon, Sask.
  • Opening Date: August 18, 2025.
  • Features: Located on the north side off Highway 11 exit; high visibility on a major arterial road with minimal nearby competition.
  • Demographics: Targets a rapidly growing, young demographic in an underserved market.
  • Co-tenants: Quick-service restaurants, big box retailers, and local grocers.
• Lasalle Location:
  • Address: 2055 Sandwich Parkway West, Lasalle, Ont.
  • Opening Date: August 25, 2025.
  • Market Reach: Serves 24,000 residents within a five-minute drive and nearly 90,000 within 10 minutes.
  • Context: Located in a new development featuring grocery, big box retail, and new housing; positions High Tide as the first cannabis retailer in this specific retail hub.
• Strategic Outlook: CEO Raj Grover expressed confidence in achieving the higher end of the 2025 target range, citing the store pipeline, German market entry, and potential U.S. regulatory reform as growth drivers.

Notable Quotes

• "Adding two new Cabana stores in Saskatchewan and Ontario is another step forward in our mission to make quality cannabis more accessible and affordable for Canadians. With many more stores in our pipeline, I remain confident we will achieve the higher end of our 2025 target range. Beyond Canada, our German entry and the potential for U.S. reform open the door for even greater opportunities, putting High Tide at the centre of a global cannabis growth story," said Raj Grover, founder and chief executive officer of High Tide.