07:37 AM EDT, 06/27/2025 (MT Newswires) -- Cannabis retailer High Tide (Nasdaq and TSXV: HITI) on Friday rose 4.6% in U.S. pre-market trading after saying it opened two new Canna Cabana retail cannabis stores in Toronto and Winnipeg.

The new stores will begin selling recreational cannabis products and consumption accessories for adult use in the coming days.

"I also want to thank the Government of Manitoba for passing Bill 9, which will help level the playing field by limiting controlled access licenses to communities with fewer than 5,000 residents," said High Tide Chief Executive Raj Grover. "This important shift ensures age-gated cannabis retail remains in the hands of responsible operators, protects youth, and supports the long-term viability of licensed cannabis stores across the province."

U.S.-listed shares of the company were last seen up $0.10 at $2.30 in pre-market trading.