High Tide Continues Ontario Expansion With 24th Store In Glueph

Within a month from putting up its first store in Brampton, High Tide Inc. (TSXV: HITI) announced today that its Canna Cabana retail cannabis store in Glueph is now operational. The newly opened store is the company’s 24th in the province of Ontario and 95th in the country.

“With the opening of this new Guelph store we remain on track to launch several more locations in Ontario in quick succession over the next few weeks,” said High Tide CEO Raj Grover.

The Glueph retail location is the company’s second store in the city but the first one to operate under the Canna Cabana brand.

Previously, the cannabis firm’s chief officer relayed the target to put up “30 branded retail cannabis locations across Ontario by the end of September”.

The company recently reported its financials for the fiscal Q3 2021, highlighting $48.1 million in revenue and $1.7 million net loss.

High Tide last traded at $8.34 on the TSX Venture.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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