High Tide to Open Four New Canna Cabana Locations Across Alberta and Ontario

Executive Summary

• High Tide Inc. will open four new Canna Cabana stores in Calgary (AB), Scarborough, Kitchener and Nepean (ON) between November 13‑20, 2025, bringing total locations to 215 across Canada.
• The openings support the company’s goal of 20‑30 new stores in 2025 and reflect continued organic growth in its core retail segment.
• Concurrently, High Tide granted 61,000 incentive stock options to employees, exercisable at the closing TSXV price on the last trading day prior to the release, with a three‑year term and two‑year vesting schedule.

Key Details

• New Store Count: Total Canna Cabana locations now 215 (90 in Alberta, 92 in Ontario).
• Calgary Location: 2525 Bridlecrest Way SW; opening November 13, 2025.
• Scarborough Location: 2000 Eglinton Avenue East; opening November 17, 2025.
• Kitchener Location: 875 Highland Road West; opening November 18, 2025.
• Nepean Location: 1831 Robertson Road; opening November 20, 2025.
• Strategic Rationale: Each site positioned in high‑traffic commercial plazas with limited nearby competition, intended to capture market share and drive profitable growth.
• Growth Target: Company on track to meet the higher end of its 20‑30 new‑store target for 2025 (24 stores already opened this calendar year).
• Employee Stock Options Grant: 61,000 options issued under the Omnibus Plan (effective June 2, 2022); each option purchases one common share at the closing TSXV price on the last trading day before release; expires three years from grant date; vests over two years.

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,” – Raj Grover, Founder & CEO, High Tide Inc.
• “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,” – Raj Grover.