High Tide Inc. Expands with New Canna Cabana Stores in Toronto and Winnipeg
- High Tide Inc. is opening new Canna Cabana stores in Toronto and Winnipeg, increasing total locations to 202.
- The Toronto store opens on July 1, 2025, while the Winnipeg location opens earlier on June 27, 2025.
- High Tide's expansion is supported by regulatory changes and recognition as one of Canada's Top Growing Companies.
High Tide Inc. Expands Retail Footprint with New Store Openings in Toronto and Winnipeg
High Tide Inc. continues to solidify its presence in the Canadian cannabis market with the announcement of two new Canna Cabana retail locations set to open in Toronto and Winnipeg. The Toronto store, located in The Well shopping mall, is poised to welcome customers on July 1, 2025, while the Winnipeg location at 1439 Henderson Highway will start operations earlier on June 27, 2025. These openings mark a significant milestone for High Tide, increasing its total Canna Cabana store count to 202 across Canada, including 83 in Ontario and 12 in Manitoba. This expansion highlights High Tide's commitment to meeting the demand for recreational cannabis products in key urban areas.
The strategic positioning of the new stores plays a crucial role in their anticipated success. The Winnipeg outlet is situated in a grocery-anchored plaza, which offers high visibility and accessibility to a local population of approximately 10,000 within a one-kilometer radius. This prime location is expected to attract a steady stream of foot traffic, ensuring that the new store can capitalize on its proximity to everyday shopping needs. Similarly, the Toronto store's adjacency to a bustling food market further enhances its appeal, as it targets a demographic that frequents the area for both culinary and retail experiences. High Tide’s CEO, Raj Grover, expresses confidence in this expansion strategy, citing the strong performance of existing stores in both provinces, which consistently report annualized revenue run rates exceeding the national average.
High Tide's expansion efforts come in light of supportive regulatory changes, notably the recent passing of Bill 9 by the Government of Manitoba, aimed at promoting responsible cannabis retail access. This legislative support bolsters High Tide's decision to invest further in growth, reinforcing its position as the second-largest global cannabis retailer by store count. The company’s ongoing success is underscored by its recognition as one of Canada's Top Growing Companies by the Globe and Mail for four consecutive years, showcasing its robust operational model and market adaptability.
In addition to retail, High Tide operates a diverse portfolio encompassing consumption accessories and CBD products. This multi-faceted approach allows the company to cater to various consumer needs and preferences, enhancing its competitive edge in the evolving cannabis landscape. As High Tide continues to expand its reach, it remains committed to delivering quality products and services that resonate with its customer base across Canada.
