CALGARY, AB, Could 13, 2024 /CNW/ – Excessive Tide Inc. (“Excessive Tide” or the “Firm”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise constructed to ship real-world worth throughout each part of hashish, introduced immediately that its Canna Cabana retail hashish retailer positioned at 1105 Kingston Street, Pickering Ontario will start promoting leisure hashish merchandise and consumption equipment for grownup use. This opening will mark Excessive Tide’s 171st Canna Cabana branded retail hashish location in Canada, the 62nd within the province of Ontario and the primary retailer within the metropolis of Pickering.
Excessive Tide Inc., Could 13, 2024 (CNW Group/Excessive Tide Inc.)
This brand-new Canna Cabana is located in Brookdale Centre, the center of Pickering’s retail purchasing district. Situated alongside the most important thoroughfare of Kingston Street, this Brookdale Centre retailer is simply 10 minutes from Freeway 401, the most important artery connecting all of the cities within the Better Toronto Space. It’s also a brief drive away from Pickering City Centre, the first shopping center within the area. ELITE and Cabana Membership members can simply entry this new location whereas purchasing at one in all many nationwide anchor tenants, corresponding to a serious house enchancment retailer, a house decor and craft provider, and one of many largest Canadian pharmacy retail chains, amongst a number of fast service eating places.
“I’m thrilled to announce the opening of our first retailer within the stunning metropolis of Pickering. This brand-new Brookdale Centre retailer is a continuation of our rigorously curated retail technique, opening in main retail energy centres surrounded by robust anchor tenants. Cities within the GTA, like Pickering, are a number of the quickest rising inhabitants centres in Canada, making them a pure alternative as we broaden Canna Cabana’s attain in Canada’s largest province,” mentioned Raj Grover, Founder and Chief Government Officer of Excessive Tide.
“Pickering has a present inhabitants of over 100,000 residents and is projecting an annual development fee of 5% over the following twenty years. It’s clear that Canadians are transferring into these cities as they search for reasonably priced housing and alternatives outdoors of bigger and dearer cities like Toronto. The expansion in Pickering and cities identical to it holds great potential for Canna Cabana retail shops within the coming months and years. We have now some thrilling shops in our building pipeline, so keep tuned for these bulletins coming quickly,” added Mr. Grover.
ABOUT HIGH TIDE
Excessive Tide, Inc. is the main community-grown, retail-forward hashish enterprise engineered to unleash the total worth of the world’s strongest plant and is the second-largest hashish retailer in North America by retailer count1. Excessive Tide (HITI) is uniquely-built across the hashish shopper, with wholly-diversified and fully-integrated operations throughout all elements of hashish, together with:
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Bricks & Mortar Retail: Canna Cabana™ is the biggest non-franchised hashish retail chain in Canada, with 171 present areas spanning British Columbia, Alberta, Saskatchewan, Manitoba and Ontario and rising. In 2021, Canna Cabana grew to become the primary hashish low cost membership retailer in North America.
Retail Innovation: Fastendr™ is a singular and totally automated know-how that integrates retail kiosks and sensible lockers to facilitate a greater shopping for expertise by looking, ordering and pickup.
E-commerce Platforms: Excessive Tide operates a collection of main accent websites internationally, together with Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
Manufacturers: Excessive Tide’s industry-leading and consumer-facing model roster contains Queen of Bud, Cabana Hashish Co, Every day Excessive Membership, Vodka Glass, Puff Puff Move, Dopezilla, Atomik, Silipipe, Evolution and extra.
CBD: Excessive Tide continues to domesticate the chances of shopper CBD by Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: Excessive Tide retains that hashish class stocked with wholesale options through Valiant™.
Licensing: Excessive Tide continues to push hashish tradition ahead by recent partnerships and license agreements underneath the Well-known Brandz™ title.
Excessive Tide persistently strikes forward of the currents, having been named one in all Canada’s High Rising Firms in 2021, 2022 and 2023 by the Globe and Mail’s Report on Enterprise Journal, and was named as one of many prime 10 performing diversified industries shares in each the 2022 and 2024 TSX Enterprise 50. Excessive Tide was additionally ranked primary within the retail class on the Monetary Instances listing of Americas’ Quickest Rising Firms for 2023. To find the total impression of Excessive Tide, go to www.hightideinc.com. For funding efficiency, do not miss the Excessive Tide profile pages on SEDAR+ and EDGAR.
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press launch could comprise “forward-looking info” and “forward-looking statements throughout the that means of relevant securities laws. Using any of the phrases “might”, “intend”, “anticipate”, “imagine”, “will”, “projected”, “estimated” and comparable expressions and statements referring to issues that aren’t historic details are meant to establish forward-looking info and are based mostly on the Firm’s present perception or assumptions as to the result and timing of such future occasions. The forward-looking statements herein embody, however will not be restricted to, statements relating to: the timing of our new location starting to promote leisure hashish merchandise and consumption equipment for grownup use, the anticipated advantages of the shop location, and our dedication to opening future shops in prime energy centre areas and the enlargement of our low cost membership mannequin. Readers are cautioned to not place undue reliance on forward-looking info. Precise outcomes and developments could differ materially from these contemplated by these statements. Though the Firm believes that the expectations mirrored in these statements are affordable, such statements are based mostly on expectations, components, and assumptions regarding future occasions which can show to be inaccurate and are topic to quite a few dangers and uncertainties, sure of that are past the Firm’s management, together with however not restricted to the chance components mentioned underneath the heading “Non-Exhaustive Listing of Danger Elements” in Schedule A to our present annual info type, and elsewhere on this press launch, as such components could also be additional up to date now and again in our periodic filings, out there at www.sedarplus.ca and www.sec.gov, which components are included herein by reference. Ahead-looking statements contained on this press launch are expressly certified by this cautionary assertion and mirror the Firm’s expectations as of the date hereof and are topic to vary thereafter. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, estimates or opinions, future occasions or outcomes, or in any other case, or to elucidate any materials distinction between subsequent precise occasions and such forward-looking info, besides as required by relevant regulation.
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1 As reported by ATB Capital Markets based mostly on retailer counts as of February 8, 2024
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SOURCE Excessive Tide Inc.
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