Article by New Cannabis Ventures
High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (OTCQB:HITIF) (FRA:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, announced that on Friday, April 26, 2019 the Alcohol and Gaming Commission of Ontario (“AGCO”) approved and issued a Retail Operator Licence (the “Licence”) to High Tide’s counterparty Dana Michele Kendal (the “Winner”) for the Canna Cabana Toronto store (the “Toronto Store”). A Retail Store Authorization will also be required to be issued by the AGCO for the Winner to finalize the set-up of the Toronto Store. The Winner is aiming to open Canna Cabana Toronto on or before June 1, 2019.
The Toronto Store is expected to be highest profile Canna Cabana-branded location in Canada.
From originally being selected by the Winner to help establish the Toronto Store, to achieving this important milestone part-way through the process, we are growing very keen to open this shop near the intersection of Yonge Street and College Street. High Tide’s best efforts are being put toward this project and we look forward to the privilege of the Toronto Store becoming a part of the surrounding community for the long term.
Prior to opening the Toronto Store, the AGCO will conduct a pre-opening inspection to ensure that the Winner is ready to sell cannabis products to the public in accordance with the regulations and standards for cannabis retail stores.
High Tide continues to grow at a rapid pace with existing operations and ongoing projects in multiple provinces across Canada. In Alberta, High Tide continues to operate 11 existing Canna Cabana retail stores and advance the next 25 locations that are under various stages of development and construction. In Ontario, two Canna Cabana-branded locations in Hamilton and Sudbury were opened on April 20th and both are performing strongly in each market. In Saskatchewan, the Company is progressing through the necessary steps to complete two pending cannabis retail business acquisitions in the short term. Lastly, across Alberta, British Columbia and Nova Scotia the Company has 13 Smoker’s Corner accessories shops, of which five are corporately owned and eight are franchises.