High Tide today announced that its Canna Cabana retail cannabis store located in Sherwood Park, Alberta, which opens June 3, 2025, brings the company's total store count to 200 Canna Cabana locations across Canada and 87 in the province of Alberta.
The company's second location in Sherwood Park is positioned within Sherwood Park Mall in the central area of the community. The mall serves as a retail hub featuring a mix of co-tenants such as a movie theatre, national grocery chains, a liquor store, and several other established retailers.
"Our very first Cabana opened its doors in Calgary in October 2018, and six years later, I'm proud to say we're still growing in our home province as we celebrate the opening of our 200th store in Sherwood Park, Alberta," said Raj Grover, founder and CEO of High Tide, in a statement. "This milestone is a testament to our disciplined and strategic approach to growth, which prioritizes quality over quantity. By focusing on high-traffic, high-potential locations and passing on countless subpar deals, we've avoided the wave of store closures affecting others in the sector and continued to deliver real, sustainable value to our shareholders."
"Over the last two years, our growth has been primarily funded by our own cash flow, with the majority of it driven organically. That is something incredibly rare in cannabis retail. We've built what we believe is the best model in the industry, backed by over 1.8 million loyal Cabana Club members who continue to validate our vision."
"None of this would be possible without the relentless dedication of our incredible team, the support of our resourceful and engaged board, and above all, the continued trust of our loyal customers. I want to express my sincere gratitude to each of them for believing in our vision and helping bring it to life. With a clear growth trajectory ahead, I'm confident that High Tide will surpass 300 stores in Canada—and we'll achieve that the same way we always have: responsibly, strategically, and with our eyes firmly on long-term value creation," said Grover.
