High Tide opens first Canna Cabana location in Oshawa

CALGARY — High Tide Inc., announced that its Canna Cabana retail cannabis store located at 1383 Wilson Road N, Oshawa, Ontario will begin selling recreational cannabis products and consumption accessories for adult use.

“Oshawa, with its automotive manufacturing roots, is an exciting new market for Canna Cabana, and our real estate strategy again stands out with this location,” said Raj Grover, President and Chief Executive Officer of High Tide. “This Canna Cabana store stands to benefit from the extensive consumer traffic generated by the multiple well-established national retail brands already located within this power centre, giving us an opportunity to grow our ELITE and Cabana Club membership base, which currently sits at over one million members across Canada.”

This opening marks High Tide’s 155th Canna Cabana branded retail cannabis location in Canada and the 51st in Ontario.

“As the largest city in Durham, Oshawa is an excellent place to showcase our innovative discount club model, which includes friendly budtenders serving our club members in an open and retail-friendly shoppable layout alongside our proprietary Fastendr technology. I am confident that the quality and strength of this new store, coupled with similar high-quality locations in our construction pipeline, will support our previously stated goal of achieving positive free cash flow by the end of this calendar year. I look forward to sharing more news in this regard when we release our third quarter financials in mid-September,” added Grover.

The company also named Sergio Patino as permanent CFO. Patino has served as interim CFO since February 28. He first joined High Tide as a Financial Consultant in November of 2022, bringing over 20 years of global experience across multiple industries.