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hiti.v
High Tide Inc
V: HITI.V
+0.03 (+0.96%)
3.14
USD
At close at Jul 01, 16:05 UTC
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High Tide Inc. Launches "Buy Local" Initiative to Support Canadian Cannabis Producers

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Cashu
6 days ago
Cashu TLDR
  • High Tide Inc. will launch its "Buy Local" initiative on June 24, 2025, across 200 Canna Cabana locations.
  • The initiative promotes local cannabis products, supporting regional producers and enhancing community ties in Canada.
  • High Tide aims to create a sustainable ecosystem for local businesses while expanding product choices for consumers.
hiti.v Logo
HITI.V
High Tide Inc
0.96%

High Tide Inc. Launches "Buy Local" Initiative to Empower Canadian Producers

High Tide Inc. is set to launch its "Buy Local" initiative across its 200 Canna Cabana retail locations in Canada, starting June 24, 2025. This program coincides with Canada Day and aims to strengthen community ties by promoting local cannabis products. By dedicating shelf space to goods produced in the provinces where the stores are situated—British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario—High Tide seeks to elevate the profile of regional producers while providing customers with more diverse options. The initiative reflects the company’s commitment to enhancing the local economy and fostering a sense of community among its customers.

Raj Grover, President and CEO of High Tide, underscores the importance of this initiative in supporting locally owned businesses. He states that the program is not only about expanding product choices for consumers but also about creating a sustainable ecosystem where local growers and producers can thrive. As the largest cannabis retail chain in Canada and the second-largest globally by store count, High Tide's move is significant in an industry often criticized for its reliance on mass-produced products. The company’s emphasis on local sourcing aligns with broader consumer trends favoring sustainability and community engagement.

High Tide’s commitment to innovation extends beyond the "Buy Local" initiative. The company has established a strong technological presence within the cannabis sector, introducing solutions like Fastendr™ to enhance customer experiences. Furthermore, High Tide boasts a diverse portfolio that includes brands such as Queen of Bud™ and Cabana Cannabis Co™, along with several e-commerce platforms for cannabis accessories. This breadth of offerings not only caters to various consumer preferences but also positions High Tide as a leader in the rapidly evolving cannabis market.

In addition to its upcoming initiative, High Tide's accolades highlight its growth and influence in the cannabis industry. The company has been recognized as one of Canada's Top Growing Companies by the Globe and Mail's Report on Business for four consecutive years and was ranked first in the retail category on the Financial Times list of America's Fastest Growing Companies for 2023. This recognition reinforces High Tide’s status as a forward-thinking leader in the cannabis retail space, one that is committed to enhancing its community impact while delivering innovative solutions to its customers.

High Tide's "Buy Local" initiative represents a pivotal step towards not only supporting local economies but also enriching the overall cannabis shopping experience. By prioritizing local products, the company reinforces its mission to be a community-focused retailer that values the contributions of Canadian producers.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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