CALGARY, AB, Oct. 1, 2026 /PRNewswire/ — High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a retail-focused business dedicated to providing real value throughout the cannabis industry, announced today that it plans to open its first Canna Cabana location in Peterborough, pending regulatory approval. This new store will increase High Tide’s total count of Canadian Canna Cabana locations to 233, with 107 situated in Ontario.
“For our shareholders, it’s crucial that we turn these competitive advantages into solid organic growth funded by the cash generated from our operations. The opening in Peterborough builds on our recent launch in Lindsay and enhances our footprint across the Kawarthas. We will continue being selective regarding mergers and acquisitions-only pursuing those opportunities where they make sense strategically and financially. With several exciting locations already under construction, we can’t wait to welcome new ELITE and Cabana Club members while keeping up the financial discipline that’s brought us this far,” Mr. Grover added.
The new Canna Cabana store at 400 Lansdowne Street East in Peterborough is expected to start selling recreational cannabis products and related accessories for adult use on October 15, 2026.
This location sits on Lansdowne Street East-a key commercial road in Peterborough-within a plaza anchored by a major grocery store and a provincial liquor outlet, alongside national clothing retailers and a fast-food restaurant as neighbors. The Company believes that having both grocery and liquor stores nearby may create steady customer traffic that’s beneficial for Canna Cabana’s retail model. This new site expands upon the recent opening in Lindsay while reinforcing the Company’s presence throughout the Kawarthas.
Grant of RSUs
The Company also announces that its board has approved granting an aggregate of 352,674 restricted share units (“RSUs”) to specific directors.
The RSUs were issued under the Company’s equity incentive plan effective June 2, 2022, with vesting occurring after twelve months from the grant date. Each RSU gives its holder one common share upon vesting according to plan terms and grant agreements. Common shares resulting from RSU settlements will face a statutory hold period lasting four months plus one day along with any additional restrictions applicable under foreign securities laws.
As directors received an aggregate of these RSUs, their granting constitutes a related-party transaction per Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The participation by related parties is exempt from formal valuation requirements under MI 61-101 because their fair market value does not exceed twenty-five percent of the Company’s overall market capitalization.
ABOUT HIGH TIDE
High Tide Inc. stands out as a community-driven cannabis enterprise focused on maximizing all aspects associated with this powerful plant’s value. Its wholly owned subsidiary, Canna Cabana, ranks as one of the top two global cannabis retail brands currently operating. High Tide (HITI) revolves around meeting consumer needs through fully integrated operations covering various sectors within cannabis:
Retail: Canna Cabana™ leads Canada’s cannabis retail scene with a network comprising over two hundred thirty-three domestic outlets along with one international site as well; covering regions including British Columbia , Alberta , Saskatchewan , Manitoba , and Ontario. Excluding British Columbia-where caps limit store counts-the company boasts an expanding fourteen percent share within its market segment. In twenty twenty-one , it became recognized globally for establishing itself as the first discount club retailer specifically for cannabis products. By twenty twenty-five , it launched brick-and-mortar shops across Germany marking yet another milestone achievement. Furthermore , multiple e-commerce platforms provide access worldwide offering various hemp-derived products alongside accessories available online too!
Medical Cannabis Distribution: Remexian Pharma Gmb H operates as a prominent pharmaceutical player based out Germany holding approximately ten point five percent share among competitors involved within medical marijuana sales; specializing primarily at importing wholesale goods ensuring affordability standards are met consistently every time regardless if sourced domestically or internationally since they maintain licenses allowing imports from over twenty-two different countries-including Canada!
With consistent innovation driving progress forward; high tide continuously excels amongst peers earning accolades like being listed among Canada’s Top Growing Companies reported by Globe And Mail’s Report On Business six consecutive years now! Notable rankings also come courtesy TSX Venture Exchange recognizing them three times between years twenty-twenty-two, two thousand twenty-four, two thousand fifteen! Moreover they secured top position within Financial Times’ list featuring Americas’ Fastest Growing Companies issued recently during two thousand twenty-three edition ! To learn more about everything high tide brings forth visit www. hightideinc. com or check out their profiles available through SEDAR+ & EDGAR respectively!
Neither TSXV nor its Regulation Services Provider (as defined by policies applied ) assumes responsibility regarding adequacy accuracy conveyed herein contained materials released publicly today!
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking information” along with “forward-looking statements” identified per applicable laws governing securities activities undertaken previously mentioned above. Such information encompasses projections concerning anticipated openings slated ahead specifically relating back towards newly established storefront planned across city limits reached here today ; detailing timings projected associated thereby upon attaining necessary approvals needed prior commencement thereafter involving product availability targeting clientele expected coming through doors once operationalized ; outlining future estimates predicting both total counts pertaining stores nationwide versus local Ontario segments whilst gauging potential responses witnessed post-launch events scheduled shortly thereafter commencing timelines advancing accordingly towards fruition taking shape concretely observed presently trending movements noting footfalls expected complementing surrounding commercial zones situated adjacent premises built thus far seen strategically employed together synergistically enhancing benefits accrued deriving enhanced traffic throughput ultimately leading improved returns realized down line benefiting directly linked interests created amongst stakeholders involved collectively working harmoniously together fueling momentum pushing boundaries extended beyond reach aimed boldly elevating prospects upwardly transforming possibilities envisioned proactively laid groundwork underlying aspirations held dear everyone engaged wholeheartedly committed making dreams reality achieved successfully progressing steadily onward without hindrance faced whatsoever throughout journey traveled endlessly seeking heights unknown arriving soon enough close following behind waiting eagerly beginning fresh chapters written neatly aligning visions shared collectively united forever bonded forevermore cherished hopefully lasting lifetimes ahead promising brighter futures awaiting patiently just around corner possibly happening sooner than imagined never losing sight what could become true eventually maybe perhaps indeed p >.
Forward looking statements rely heavily upon expectations set forth established grounded firmly rooted firmly planted deep inside minds present day held onto tightly resting firmly secure unwavering resolve unyielding determination power drive inspire action constantly moving toward realization goals set clearly articulated resonating deeply within hearts every single individual committed contributing efforts put forth tirelessly striving achieve utmost desired outcomes possible delivered timely manner p >
All readers encouraged exercise caution when interpreting forward-looking claims made herewith understanding full range implications attached naturally arising risks uncertainties accompanying ventures embarked upon each undertaking carried forth carefully evaluated examined thoroughly assessing variables encountered fluctuating conditions impacting outcomes predicted therefore please refrain placing excessive reliance assigned addressed described matters outlined explicitly documented hereafter less proven accurate timely confirmation obtained confirmed authentic reassurances provided subsequently adhering closely established guidelines principles followed faithfully so long believed should remain valid continuing onwards always taking into consideration future developments unforeseen circumstances arise unexpectedly disrupt regular course events unfolding before eyes p >
CONTACT INFORMATION p >
Media Inquiries
Omar Khan
Chief Communications & Public Affairs Officer
[email protected]
High Tide Inc.
403-770-3080
p >
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
[email protected] p >
SOURCE High Tide Inc. P >
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