High Tide buys Chestermere, Alberta cannabis store for $670,000 cash

Bitget2026/10/09 10:01

High Tide completed the acquisition of an established cannabis store in Chestermere, Alberta for $670,000 cash. Transaction closed on Oct. 8, 2026; store at 100 Rainbow Road to be rebranded under the Canna Cabana banner. Valuation set at 2.1x annualized adjusted EBITDA; store generated about $316,000 for the three months ended Aug. 31, 2026. Deal lifts the retailer’s footprint to 234 locations in Canada, including 93 in Alberta. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. High Tide Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610090600PR_NEWS_USPR_____CA67605) on October 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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