High Tide Opens 77th Canna Cabana Location in Ontario
High Tide Inc. (Nasdaq: HITI) announced the opening of its 192nd Canna Cabana retail cannabis store in Canada, marking its 77th location in Ontario and 6th in Hamilton. The new store, located at 447 Main Street East in downtown Hamilton, will begin operations on February 15, 2025.
The location is strategically positioned in a high-foot-traffic shopping plaza alongside national retailers. The company highlighted Hamilton's economic diversity and growth, particularly in sectors like life sciences and advanced manufacturing.
Additionally, High Tide mentioned its upcoming entry into the German medical cannabis market through the Purecan acquisition, aiming to become a leading distributor of Canadian medical cannabis products in Germany. The company was recently recognized as one of Canada's Top Growing Companies by the Globe and Mail for the fourth consecutive year and ranked first in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023.
High Tide Inc. (Nasdaq: HITI) ha annunciato l'apertura del suo 192° negozio al dettaglio di cannabis Canna Cabana in Canada, segnando la sua 77ª posizione in Ontario e la 6ª a Hamilton. Il nuovo negozio, situato al 447 di Main Street East nel centro di Hamilton, inizierà le operazioni il 15 febbraio 2025.
La posizione è strategicamente collocata in una piazza commerciale ad alta affluenza, accanto a rivenditori nazionali. L'azienda ha messo in evidenza la diversità economica e la crescita di Hamilton, in particolare in settori come le scienze della vita e la produzione avanzata.
Inoltre, High Tide ha menzionato il suo prossimo ingresso nel mercato tedesco della cannabis medica attraverso l'acquisizione di Purecan, puntando a diventare un distributore leader di prodotti di cannabis medica canadese in Germania. L'azienda è stata recentemente riconosciuta come una delle aziende in più rapida crescita del Canada dal Globe and Mail per il quarto anno consecutivo e si è classificata al primo posto nella categoria retail nella lista delle aziende in più rapida crescita delle Americhe del Financial Times per il 2023.
High Tide Inc. (Nasdaq: HITI) anunció la apertura de su tienda número 192 de Canna Cabana en Canadá, marcando su 77ª ubicación en Ontario y la 6ª en Hamilton. La nueva tienda, ubicada en 447 Main Street East en el centro de Hamilton, comenzará a operar el 15 de febrero de 2025.
La ubicación está estratégicamente posicionada en una plaza comercial con alta afluencia de personas, junto a minoristas nacionales. La compañía destacó la diversidad económica y el crecimiento de Hamilton, particularmente en sectores como las ciencias de la vida y la manufactura avanzada.
Además, High Tide mencionó su próxima entrada en el mercado alemán de cannabis medicinal a través de la adquisición de Purecan, con el objetivo de convertirse en un distribuidor líder de productos de cannabis medicinal canadiense en Alemania. La empresa fue reconocida recientemente como una de las empresas de más rápido crecimiento en Canadá por el Globe and Mail por cuarto año consecutivo y ocupó el primer lugar en la categoría minorista en la lista de las empresas de más rápido crecimiento de las Américas del Financial Times para 2023.
하이 타이드 주식회사 (Nasdaq: HITI)는 캐나다에서 192번째 캐나 캐바나 소매 대마초 매장을 열었다고 발표하였으며, 이는 온타리오에서 77번째, 해밀턴에서 6번째 매장이다. 새 매장은 해밀턴 중심가의 447 메인 스트리트 이스트에 위치해 있으며, 2025년 2월 15일부터 운영을 시작할 예정이다.
이 위치는 높은 유동 인구가 있는 쇼핑 플라자에 전략적으로 자리 잡고 있으며, 국내 소매업체들과 함께 있다. 회사는 생명 과학 및 첨단 제조와 같은 분야에서 해밀턴의 경제적 다양성과 성장을 강조하였다.
또한, 하이 타이드는 순수 캐나다(Purecan) 인수를 통해 독일 의료 대마초 시장에 진출할 계획을 언급하며, 독일에서 캐나다 의료 대마초 제품의 주요 유통업체가 되는 것을 목표로 하고 있다. 이 회사는 최근에 캐나다에서 가장 빠르게 성장하는 기업 중 하나로 Globe and Mail에 의해 4년 연속으로 인정받았으며, 2023년 아메리카스에서 가장 빠르게 성장하는 기업 리스트에서 소매 부문 1위에 올랐다.
High Tide Inc. (Nasdaq: HITI) a annoncé l'ouverture de son 192e magasin de cannabis au détail Canna Cabana au Canada, marquant sa 77e implantation en Ontario et la 6e à Hamilton. Le nouveau magasin, situé au 447 Main Street East dans le centre-ville de Hamilton, commencera ses opérations le 15 février 2025.
Cette localisation est stratégiquement positionnée dans une galerie commerciale à fort trafic, aux côtés de détaillants nationaux. L'entreprise a souligné la diversité économique et la croissance de Hamilton, notamment dans des secteurs comme les sciences de la vie et la fabrication avancée.
De plus, High Tide a mentionné son entrée prochaine sur le marché allemand du cannabis médical grâce à l'acquisition de Purecan, visant à devenir un distributeur de premier plan de produits canadiens de cannabis médical en Allemagne. L'entreprise a récemment été reconnue comme l'une des entreprises à la croissance la plus rapide au Canada par le Globe and Mail pour la quatrième année consécutive et a été classée première dans la catégorie de vente au détail sur la liste des entreprises à la croissance la plus rapide des Amériques du Financial Times pour 2023.
High Tide Inc. (Nasdaq: HITI) gab die Eröffnung seines 192. Canna Cabana Einzelhandelsgeschäfts in Kanada bekannt, was die 77. Filiale in Ontario und die 6. in Hamilton markiert. Das neue Geschäft, das sich in der 447 Main Street East im Zentrum von Hamilton befindet, wird am 15. Februar 2025 eröffnet.
Der Standort ist strategisch in einem Einkaufszentrum mit hohem Fußgängerverkehr neben nationalen Einzelhändlern positioniert. Das Unternehmen hob die wirtschaftliche Vielfalt und das Wachstum von Hamilton hervor, insbesondere in Bereichen wie Lebenswissenschaften und fortschrittlicher Fertigung.
Darüber hinaus erwähnte High Tide seinen bevorstehenden Eintritt in den deutschen Markt für medizinisches Cannabis durch die Übernahme von Purecan, mit dem Ziel, ein führender Distributor von kanadischen medizinischen Cannabisprodukten in Deutschland zu werden. Das Unternehmen wurde kürzlich vom Globe and Mail zum vierten Mal in Folge als eines der am schnellsten wachsenden Unternehmen Kanadas ausgezeichnet und belegte den ersten Platz in der Einzelhandelskategorie der Liste der am schnellsten wachsenden Unternehmen in Amerika des Financial Times für 2023.
- Opening of 192nd store nationwide, demonstrating continued expansion
- Strong free cash flow enabling self-funded growth
- Strategic location in high-foot-traffic area
- Imminent expansion into German medical cannabis market through Purecan acquisition
- None.
New Store Marks High Tide's First Location in
"We are thrilled to bring Canna Cabana to the heart of downtown
"At the same time, we are equally excited about our entry into the German medical cannabis market with the announced acquisition of Purecan, which is scheduled to close imminently. Our initial conversations with Canadian licensed producers have been promising as we work to become the preeminent distributor of Canadian medical cannabis products in
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant and is the second-largest cannabis retailer globally by store count1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in
Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup.
Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more.
CBD: High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.
High Tide consistently moves ahead of the currents, having been named one of
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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1 As reported by ATB Capital Markets based on store counts as of February 6, 2025 |
CONTACT INFORMATION
Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
High Tide Inc.
omar@hightideinc.com
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
vahan@hightideinc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the timing of our new location beginning to sell recreational cannabis products and consumption accessories for adult use, the expected benefits of the store location, our commitment to building future stores using internally generated cash, the closing of the Purecan acquisition, and our ability to become the preeminent distributor of Canadian medical cannabis products in
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SOURCE High Tide Inc.
FAQ
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