High Tide To Open First Canna Cabana Store in Fort McMurray, Alberta

26, 2024 /CNW/ – PRESS RELEASE – High Tide Inc. announced today that its Canna Cabana retail
cannabis store located at 118 Millennium Drive, Fort McMurray will begin
selling recreational cannabis products and consumption accessories for adult
use tomorrow, Jan. 27, 2024. This opening will mark High Tide’s 163rd Canna
Cabana-branded retail cannabis location in Canada, the 79th in the province of
Alberta, and the first in the Regional Municipality of Wood Buffalo.

Fort McMurray is considered to be the heart of Alberta’s oil and gas
production and is the major population center for the Regional Municipality of
Wood Buffalo. It is home to thousands of Canadians from across the country who
travel to Fort McMurray to work in Alberta’s lucrative oil sands industry. With
a population of approximately 100,000, Wood Buffalo is the sixth most populous
municipality in the province. This brand-new Canna Cabana is the first location
in Fort McMurray. It is located in the Timberlea shopping plaza, a major retail
power center on the north side of the Municipality. Situated off two of the
main local roadways, this Canna Cabana is surrounded by a mix of high-density,
multi-family and single-family residences.

“I am thrilled to announce the opening of our first store in Fort
McMurray, which is the beating heart of Alberta’s oil and gas industry. We
believe that this strategically located, first Canna Cabana store in Fort Mac
is poised for great success and should perform above our provincial average,
especially given the fact that its population is made up of a large percentage
of highly paid oil sands workers,” said Raj Grover, founder and CEO of High Tide.

“Even though we are already the largest cannabis retailer in Alberta,
we continue to find new and exciting markets and opportunities to expand within
our home province. Our innovative discount club model is quickly becoming a
household name for all things cannabis across Canada, as seen through our
rapidly growing membership numbers, which exceeded 1.2 million as of our third
fiscal quarter disclosure. We look forward to welcoming new ELITE and Cabana
Club members in this exciting new market,” added Grover.


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