Business
High Tide Opens New Canna Cabana Location on Davie Street in Vancouver, British Columbia
High Tide Opens New Canna Cabana Location on Davie Street in Vancouver, British Columbia ...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide Opens New Canna Cabana Location on Davie Street in Vancouver, British Columbia\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Nov. 27, 2023\n \n \n /CNW/ - High Tide Inc. (\"High Tide\" or the \"Company\") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it is taking yet another step to expand its bricks-and-mortar retail cannabis operations, by acquiring certain assets of Canadian Cannabis Media Corp. related to its store located at 1208 Davie Street in\n \n Vancouver, British Columbia\n \n (the \"\n \n Store\n \n \") for\n \n $1.33 Million\n \n , paid via a combination of High Tide shares and cash (the \"\n \n Transaction\n \n \"), pursuant to a definitive agreement (the \"\n \n Acquisition Agreement\n \n \"). This exceptional site includes assets of a completely outfitted store, allowing the Company to open the Store with minimal incremental costs.\n \n \n \n \n \n \n \n \n \n The closing of the Transaction brings High Tide to a total of 8 Canna Cabana retail cannabis stores in\n \n British Columbia\n \n , which is the maximum number of stores allowed to operate by any one entity in the province.\n \n \n The Davie Street location is in the vibrant neighbourhood of Davie Village in\n \n Vancouver\n \n . A few blocks from Sunset Beach Park, this store is located on a main thoroughfare for Davie Village and is nestled beside many small businesses and larger retailers, like a major national grocery chain.\n \n Stanley Park\n \n , a world-famous, 400-hectare natural West Coast rainforest, is a short drive from this prime retail storefront, in addition to being surrounded by major high-density residential towers. With over 200,000 residents within 3 kilometres and very little in the way of nearby competition, this Canna Cabana is well situated to welcome our loyal customers as well as the numerous tourists who visit this trendy locality.\n \n \n \"I a...