High Tide To Open Canna Cabana Location In St. Thomas, Ontario

High Tide Inc. HITI HITI (FSE:2LYA) announced that its Canna Cabana retail cannabis store located at 1010 Talbot Street, St. Thomas, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on July 30. This opening marks High Tide's 154th Canna Cabana branded retail cannabis location in Canada and its 50th in the province of Ontario, Canada's largest province.

"Opening our 50th Canna Cabana location in Ontario is a huge milestone for us, and I am so thankful to our ELITE and Cabana Club members who continue to support our innovative and unique discount club model. From our first Ontario store opening in 2020, we have maintained our focus on executing our exemplary retail strategy, securing top locations in high-density retail neighborhoods, including major power centers, and this store location is an excellent example of this dedication," stated Raj Grover, president and CEO of High Tide.

"This location will serve as a pilot for a potential new concept that focuses heavily on our proprietary Fastendr retail kiosk technology, given the success we are seeing with the current roll-out of this technology across our network. The remainder of 2023 will see us open more Canna Cabana locations as we continue to expand our footprint in Canada's largest province. With the current strength of our Canadian bricks-and-mortar sales, every new high-quality location we add brings us another step closer to achieving our previously communicated goal of achieving positive free cash flow by the end of this calendar year. I look forward to providing the market with a meaningful update in this regard when we report our financials for the third fiscal quarter by mid-September," added Grover.

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The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.

Photo by Thiago Patriota on Unsplash