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Friday, October 9, 2026

High Tide acquires Alberta cannabis store

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  • High Tide (HITI) acquired an established cannabis retail store in Chestermere, Alberta, for $670,000 in cash, expanding its Canadian network to 234 locations, including 93 in Alberta.
  • The transaction closed on October 8 and values the store at 2.1 times annualized adjusted EBITDA of ~$316,000, based on the three months ended August 31, 2026.
  • The store will be rebranded under High Tide's Canna Cabana banner.

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