07:18 AM EDT, 06/04/2024 (MT Newswires) -- High Tide (HITI.V), a cannabis retailer, on Tuesday cheered the decision by the Alberta Gaming Liquor and Cannabis (AGLC) to amend its Retail Cannabis Store Handbook to allow private label cannabis sales.

"This is good news for High Tide's Cabana Cannabis Co. brand which is already in-market in Ontario, Manitoba and Saskatchewan, and for the newly acquired Queen of Bud brand, which is also available in Ontario," High Tide said in a statement.

The company plans to bring both brands to Alberta consumers soon.

High Tide chief executive officer Raj Grover said this news is "evidence of growing regulatory tailwinds. It also demonstrates that Canadian provinces are beginning to recognize the importance of creating regulatory environments that support a healthy and growing legal cannabis sector."