High Tide Targets Peterborough for Latest Canna Cabana Expansion

The upcoming store, which is pending final regulatory approval, will bring the company's Canadian retail count to 233. The chosen site occupies a high-traffic commercial plaza anchored by a major grocer and a provincial liquor store, a co-tenancy strategy the firm believes will drive consistent foot traffic. This launch follows a recent opening in Lindsay, highlighting a deliberate effort to capture consumer demand in the Kawarthas.

Raj Grover, founder and CEO of High Tide, pointed to strong performance metrics in Ontario—where existing stores have generated revenue 2.4 times the provincial average—as a primary driver for the expansion. The company intends to maintain its growth trajectory by relying on internally generated cash flow rather than aggressive acquisition cycles. Alongside the retail rollout, the company confirmed that its board of directors has approved the grant of 352,674 restricted share units to certain directors, a move structured under existing equity incentive plans.