Business
High Tide to Open New Canna Cabana in Toronto, Ontario
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 its Canna Cabana retail cannabis store located at 150 Silver Reign Drive in Toronto, Ontario, is expected to begin selling recreational cannabis products and consumption accessories for adult use on May 17, 2026. This opening brings High Tide's total store count to 222 Canna Cab
About this update from High Tide, Inc.
CALGARY, AB, May 15, 2026 /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 its Canna Cabana retail cannabis store located at 150 Silver Reign Drive in Toronto, Ontario, is expected to begin selling recreational cannabis products and consumption accessories for adult use on May 17, 2026. This opening brings High Tide's total store count to 222 Canna Cabana locations across Canada and 98 in the province of Ontario. This new Canna Cabana location in Toronto's Rexdale neighbourhood is strategically positioned within an established power centre, anchored by leading big-box retailers and co-located alongside national specialty chains and quick-service restaurants. The opening marks Canna Cabana's first entry into this trade area, with no other Canna Cabana locations nearby. The site serves a dense and growing community of more than 263,000 residents within five kilometres, supported by strong household income demographics, and is well positioned to welcome adult-use cannabis consumers from across Etobicoke and northwest Toronto. "This new Rexdale location further strengthens our presence in the Greater Toronto Area and expands Canna Cabana into a high-density retail corridor with attractive long-term demand characteristics. We believe our differentiated discount-club model continues to resonate with consumers seeking value, convenience, and a broader loyalty-driven retail experience," said Raj Grover, Founder and Chief Executive Officer of High Tide. "As we approach 100 stores in Ontario and 222 stores nationally, we continue to focus on profitable and disciplined expansion that enhances our competitive advantages and deepens our connection with consumers. We believe our differentiated retail model and growing Cabana Club ecosystem position us to further consolidate market share in Canada's largest cannabis market," added Mr. Grover. 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. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) i...