CALGARY, Alberta, Oct. 10, 2024 – PRESS RELEASE – High Tide Inc., the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced that its Canna Cabana retail cannabis store located at 3406 Dundas Street W, Toronto, Ontario, will begin selling recreational cannabis products and consumption accessories for adult use on Oct. 13. This opening will mark High Tide's 185th Canna Cabana branded retail cannabis location in Canada, the 71st in the province of Ontario and the 11th in the city of Toronto.
The new Dundas Street Canna Cabana opens in the west end of Toronto, in the mature and established neighborhood of Runnymede with a 3-kilometer population density exceeding 150,000 residents. This new store is situated in a retail shopping plaza anchored by a national grocery chain and several other locally owned businesses.
"I am thrilled to announce the opening of our 185th Canna Cabana location in Canada,” High Tide founder and CEO Raj Grover said. “We achieved this significant milestone just days before the sixth anniversary of Canadian cannabis legalization. I am so proud of what our team has been able to accomplish in such a short time, especially when some of our largest competitors have filed for CCAA [Companies' Creditors Arrangement Act] or closed their doors completely.
"As previously communicated, we remain focused on rapidly expanding our store network organically across Canada. Our team has been active in sourcing new store sites in tactically selected and established locations in line with our real estate strategy. Our construction pipeline is robust, with many more high-quality sites like Dundas to be launched throughout this calendar year and into 2025.”
