High Tide Opens 22nd Ontario Store In Brampton

High Tide Inc. (TSXV: HITI) seems to be expanding its presence in Ontario. The cannabis firm just recently announced the opening of its Canna Cabana retail store in Brampton, Ontario, marking its 22nd branded retail location in the province.

The new store is the company’s first to open in the city, selling recreational cannabis products and consumption accessories. This follows two Canna Cabana store openings in Ontario in the past two months: one on Rideau Street in Ottawa and another one on Maple Avenue in Milton.

“Despite running into delays in securing building permits due to the pandemic, we remain hopeful that High Tide will have 30 branded retail cannabis locations across Ontario by the end of September,” said High Tide CEO Raj Grover.

The recently-opened Ontario store is the company’s 92nd branded retail location across Canada.

High Tide last traded at $8.97 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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