High Tide Inc. has been licensed to open its ninth Canna Cabana retail store, with the Calgary location representing the first franchised brand outlet in the company’s network.
The Kensington Store has been converted from a Smoker’s Corner location, notes High Tide, an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. The Smoker’s Corner store originally opened in 2010 and was franchised in 2017.
The Canna Cabana store is approved to sell smoking accessories and cannabis lifestyle products while the temporary suspension of incremental cannabis retail licensing by Alberta Gaming, Liquor and Cannabis (AGLC) remains in effect.
“Having the only approved and released development permit on 10th Street NW is a significant achievement for both our franchisee and for High Tide,” Raj Grover, president and CEO of High Tide, says in a company statement.
Additionally, the press release points out, High Tide has closed the acquisition of a retail cannabis location in the Bowness neighbourhood of Calgary and has entered into a lease as part of the transaction, which has a development permit approved and released by the City of Calgary associated with the location.
High Tide now has 34 development permits for its Canna Cabana and KushBar retail cannabis stores across Alberta, and expects to receive the three remaining development permits required to achieve the AGLC’s effective maximum of 37 retail cannabis locations in the province in the short-term.
Source: The Growth Op