High Tide Inc. has announced that its Canna Cabana retail cannabis store located at 3148 Kingston Road in Scarborough, Ontario, began selling adult-use cannabis products and consumption accessories for adult use on February 9, 2026. This opening brings High Tide's total store count to 219 Canna Cabana locations across Canada and 95 in the province of Ontario.
"This store opening reflects our continued focus on disciplined expansion and our commitment to opening locations that meet our strict financial and operational criteria," said Raj Grover, Founder and Chief Executive Officer of High Tide. "Situated in a dense and growing neighbourhood, this location represents a compelling opportunity to further strengthen our Ontario footprint through a well-positioned site with a strong history of retail performance."
"We look forward to welcoming this store into the Canna Cabana network and leveraging our proven operating model, pricing leadership, and loyalty ecosystem to drive incremental performance," added Mr. Grover.
The company also announced that it has granted options to purchase an aggregate of 145,500 common shares of the company to certain employees and consultants. The stock options are exercisable at a price of $3.22 per share until February 6, 2029, and vest over two years.
High Tide also granted an aggregate of 1,300,530 restricted stock units of the company to certain directors, officers, employees and consultants of the Company. 48% of the RSUs vest on February 6, 2027, 26% on February 6, 2028 and the remaining 26% on February 6, 2029. Each RSU entitles the holder to acquire one common share of the company upon vesting.
For more information:
High Tide
[email protected]
hightideinc.com
