High Tide opens Canna Cabana store in Drayton Valley

Executive Summary

• High Tide Inc. opened a new Canna Cabana retail location in Drayton Valley, Alberta, bringing its total store count to 203 locations across Canada (88 in Alberta).
• The company reported significant membership growth, with Cabana Club members surpassing 2 million and Elite members exceeding 100,000.
• High Tide announced the grant of 58,500 incentive stock options to various employees, exercisable at the closing price of common shares on the TSX Venture Exchange.

Key Details

• Store Opening: New Canna Cabana location opened at 4341 50 St., Drayton Valley, Alberta, on July 31, 2025.
• Store Count: Total Canna Cabana-branded locations now stand at 203 across Canada, with 88 located in Alberta.
• Membership Metrics:
  • Cabana Club members: Surpassed 2 million.
  • Elite members: Surpassed 100,000.
• Strategic Goal: CEO Raj Grover stated the company is advancing toward a goal of 300 Cabana locations and aims to reach 3 million Cabana Club members.
• Stock Option Grant:
  • Quantity: 58,500 incentive stock options granted to various employees.
  • Exercise Price: Closing price of common shares on the TSX Venture Exchange on the last trading day prior to the release.
  • Vesting: Over a two-year period.
  • Expiration: Three years from the date of grant.
  • Terms: Each option is exercisable to purchase one common share, issued pursuant to the omnibus plan effective June 2, 2022.

Notable Quotes

• "We're thrilled to be bringing the Canna Cabana experience to Drayton Valley as we continue to deepen our presence across Alberta. This vibrant, fast-growing community is exactly the kind of market we look for -- where demand is rising and Canna Cabana can make an immediate impact. With more exciting locations on the way nationwide, our momentum isn't slowing down any time soon," said Raj Grover, founder and chief executive officer of High Tide.
• "Our explosive growth in Cabana Club and Elite memberships -- now surpassing two million and 100,000, respectively -- is a direct result of our disciplined expansion into high-value markets. As we rapidly advance toward our goal of 300 Cabanas, I have no doubt that hitting three million Cabana Club members is well within our sights. And, with the strong year-over-year momentum we're building, we believe Elite is only beginning to show its true potential," added Mr. Grover.