High Tide to Open First Canna Cabana in Peterborough, Ontario
PR Newswire•01/10/2026•06:00 ET
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Key Highlights
- ➤Peterborough store expected October 15, 2026, pending regulatory approval
- ➤Canna Cabana count would reach 233, including 107 Ontario stores
- ➤Ontario stores averaged 2.4 times provincial peer revenue in June 2026
- ➤352,674 RSUs granted to directors, vesting 12 months after grant
Expert Statements
Raj Grover, Founder and Chief Executive Officer of High Tide
“Canna Cabana's growing consumer appeal and strong Ontario performance give us a clear opportunity to keep expanding into communities we have not yet served. Peterborough is another step in that strategy. Recent third-party research ranked Canna Cabana first nationally in brand awareness and as the retailer surveyed consumers shop most often. Our established Ontario stores also generated average revenue of 2.4 times the provincial peer average in June 2026. That combination of consumer preference and strong store performance reinforces my confidence as we prepare to introduce our exceptional value to Peterborough's cannabis consumers.”
Raj Grover, Founder and Chief Executive Officer of High Tide
“For our shareholders, the priority is to translate these competitive strengths into high-quality organic growth, funded by the cash our business generates. Peterborough builds on our recent opening in Lindsay and strengthens our presence across the Kawarthas. We will remain selective on M&A, pursuing opportunities only where the strategic fit and financial returns justify them. With many more exciting locations in our construction pipeline, we look forward to welcoming new ELITE and Cabana Club members and extending Canna Cabana's reach, while maintaining the capital discipline that has brought us this far.”
High Tide to Open First Canna Cabana in Peterborough, Ontario PR Newswire
CALGARY, AB, Oct. 1, 2026 /PRNewswire/ -- High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that, pending regulatory approval, it expects to open its first Canna Cabana location in the City of Peterborough. Once open, this location will bring High Tide's Canadian Canna Cabana store count to 233, including 107 in Ontario.
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