Business
High Tide Receives Approval for Canna Cabana Inc. to Operate in British Columbia
High Tide Receives Approval for Canna Cabana Inc. to Operate in British Columbia ...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide Receives Approval for Canna Cabana Inc. to Operate in 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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 12, 2021\n \n /PRNewswire/ - High Tide Inc. (\"High Tide\" or the \"Company\") (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, is pleased to announce that its wholly-owned subsidiary, Canna Cabana Inc., is now provincially licensed to operate in\n \n British Columbia\n \n (BC), having received due diligence approval from the British Columbia Liquor Distribution Branch (BCLDB). With this approval in hand, Canna Cabana Inc. is now able to proceed with site-specific licence applications. BC is the westernmost province of\n \n Canada\n \n , situated between the Pacific Ocean and the Rocky Mountains, and is a major global tourist destination, seeing over six million overnight international visitor arrivals in 2019 according to the Tourism Industry Association of BC. With an estimated population of 5.2 million as of 2021, it is also\n \n Canada's\n \n third-most populous province.\n \n \n \n \n \n \n \n \n \n According to a recent study by the Canadian Institute for Substance Use Research (CISUR), legal cannabis sales in\n \n British Columbia\n \n doubled between 2019 and 2020. The same study also found that in 2020 the BC market saw\n \n $290 million\n \n in gross revenues.\n \n \n 1\n \n \n \n \n \"I am delighted to share this very positive news of our approval to operate in the province of\n \n British Columbia\n \n with our shareholders today. I am very proud of our team's perseverance over the last three years to achieve this major milestone. This approval allows us...