High Tide Opens 2nd Canna Cabana in Mississauga, Ontario

CALGARY, Alberta, March 4, 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 1891 Rathburn Road E., Mississauga, Ontario, will begin selling cannabis products and consumption accessories for adult use at 4:20 p.m. March 4. This opening will mark High Tide's 164th Canna Cabana branded retail cannabis location in Canada, the 55th in the province of Ontario and the second in Mississauga.

This brand-new Canna Cabana opens in the northeast end of Mississauga, surrounded by more than 100,000 residents within a 5-kilometer radius with a mix of single-family homes and multifamily residential towers. Nestled in a well-trafficked retail plaza, which is anchored by a major grocery chain, a nationally recognized pharmacy retailer, and complemented by quick-service restaurants, this store will welcome new ELITE and Cabana Club members from the surrounding neighborhoods. Moreover, this Canna Cabana is a 10-minute walk from Garnetwood Park, with access to Etobicoke Creek Trail and Lorrie Mitoff Trail, among others, through the city's beautiful greenspace.

“Given the population density surrounding this bustling retail plaza, these carefully selected organic locations, such as this Kingsbury store, provide a meaningful boost to our robust retail store portfolio in Canada's largest province,” High Tide founder and CEO Raj Grover said. “It also amplifies the Canna Cabana brand in the northeast end of Mississauga, complementing our newly opened Mavis location and other stores to be announced in the coming weeks.

"Increasing our store footprint in Ontario, which recently doubled its retail cannabis store cap to 150, will play a key part in hitting our long-term goal of operating 300 Canna Cabana locations across Canada. With our leading free cash flow generation, we anticipate increasing the pace of new store openings across Canada, and I look forward to announcing more Canna Cabana store openings in premier real estate locations throughout the year.”