High Tide (CSE: HITI) (OTCQB: HITIF) (Frankfurt: 2LY) announced that the Canna Cabana retail store in the city of Bonnyville received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (AGLC) and has begun selling recreational cannabis for adult use.
The company currently has 18 branded Canna Cabana locations that are selling recreation cannabis products across Canada, inclusive of the Bonnyville store. The next five Canna Cabana locations are all licensed and expected to be operating as retail cannabis stores by early September.
With the addition of the first KushBar location that is expected to be licensed in the near term, High Tide will soon have 24 retail cannabis locations across Canada, barring any changes to the current rate of licensing by the AGLC.
“The High Tide team continues to execute well on its growth plans for Canna Cabana and add value to the overall enterprise for shareholders,” High Tide CEO Raj Grover stated. “Established over 110 years ago, Bonnyville is an important place in eastern Alberta, near Cold Lake and the Saskatchewan border, and we are excited to become part of the business community.“
The remaining Canna Cabana and KushBar stores required to achieve the AGLC’s effective maximum of 37 retail cannabis locations are currently under various stages of development and construction.
Outside of Alberta, High Tide currently has a Canna Cabana retail cannabis store in Swift Current, Saskatchewan, along with three branded locations in Hamilton, Sudbury and Toronto, Ontario.