High Tide Inc. reveals its latest venture: the first Canna Cabana location in Fort McMurray. Situated at 118 Millennium Drive, this establishment is High Tide’s 163rd store in Canada and its 79th in Alberta, marking a significant milestone as the first in the Wood Buffalo Region.
Raj Grover, High Tide’s founding CEO, is enthusiastic about this new venture in Alberta’s bustling oil and gas hub. He anticipates that the store’s strategic position will lead to exceptional performance, particularly given the high-income demographic of oil sands workers in Fort McMurray.
High Tide’s Persistent Growth in Alberta and Nationwide
High Tide, already the premier cannabis retailer in Alberta, is not resting on its laurels and continues to explore fresh markets and opportunities within the province. The company’s innovative discount club model has attracted over 1.2 million members across Canada, as reported in their third fiscal quarter.
Canna Cabana: A Trailblazer in Cannabis Retail
Canna Cabana stands as Canada’s largest independently-owned cannabis retail chain, with 163 stores spanning British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. In 2021, Canna Cabana pioneered the cannabis discount club concept in North America, further cementing its industry status.
High Tide: A Recognized Leader in Cannabis
High Tide’s comprehensive approach to the cannabis sector has garnered multiple accolades. Notably, The Globe and Mail’s Report on Business Magazine listed High Tide among Canada’s fastest-growing companies for three consecutive years. Additionally, it achieved the top spot in the retail sector of the Financial Times’ Americas’ Fastest Growing Companies list in 2023.