06:54 AM EDT, 05/29/2025 (MT Newswires) -- Cannabis retailer High Tide (HITI.V, HITI) on Thursday said it has opened a new Canna Cabana retail cannabis store in Sherwood Park, Alberta.

The store will begin selling recreational cannabis products and consumption accessories on June 3. The new store brings High Tide's total store count to 200 Canna Cabana locations across Canada, including 87 in the province of Alberta.

"By focusing on high-traffic, high-potential locations and passing on countless subpar deals, we've avoided the wave of store closures affecting others in the sector and continued to deliver real, sustainable value to our shareholders," said High Tide CEO Raj Grover. "Over the last two years, our growth has been primarily funded by our own cash flow, with the majority of it driven organically. That is something incredibly rare in cannabis retail."