High Tide Acquires Alberta Cannabis Store

MT newswire2026/10/09 10:31

06:31 AM EDT, 10/09/2026 (MT Newswires) -- High Tide (HITI) has acquired a cannabis retail store in Chestermere, Alberta, for 670,000 Canadian dollars ($470,809) in cash, expanding its Canna Cabana network, the company said Thursday. The transaction closed Oct. 8 and values the store at 2.1 times its annualized adjusted EBITDA of about CA$316,000 for the three months ended Aug. 31, the company said. The location will be rebranded under the Canna Cabana banner, it added.

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