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HIGH TIDE ANNOUNCES OPENING OF 1ST KUSHBAR LOCATION
High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the KushBar retail store located in Unit #360 at 6805 48th Avenue in Camrose (the “KushBar Store”) received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and has begun selling recreational cannabis products and accessories. To celebrate the launch of this exciting new retail brand, grand opening festivities will take place at the KushBar Store on Saturday, September 14th.
High Tide currently has 25 branded locations selling recreation cannabis products across Canada, inclusive of the KushBar Store. “Bringing this new retail brand to market with our joint venture partner is an exciting development for our company and our customers,” said Raj Grover, President and Chief Executive Officer of High Tide. “The KushBar retail experience offers a modern alternative to the Alberta market, with more locations expected to be opened in the near future,” added Mr. Grover. The Company will soon have 27 branded retail cannabis locations across Canada, barring any changes to the current rate of licensing by AGLC.
The remaining Canna Cabana and KushBar stores needed to achieve the AGLC’s maximum of 15% market share 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 3 branded locations in Hamilton, Sudbury and Toronto, Ontario.
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