06:46 AM EDT, 04/04/2024 (MT Newswires) -- High Tide Inc. ( HITI ) , a cannabis retailer, was at last look up 6.9% in US premarket trade -- having gained more than 17% in regular US trade yesterday -- as it said Thursday that it is opening its fifth Canna Cabana store in Mississauga, Ontario. The company, with shares now at fresh 52 week high levels, may be boosted by moves in introducing favourable legislation for the industry in the US.

The Canna Cabana retail cannabis store located at 2901 Eglinton Avenue West, Mississauga, Ontario will start selling recreational cannabis products and consumption accessories for adult use on April 8.

This marks High Tide's 168th Canna Cabana branded retail cannabis location in Canada and the 59th in the province of Ontario.

The company's stock surged nearly 16% in Canada yesterday.