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High Tide acquires cannabis store in Chestermere

PUBLIC · HITIOct 09, 2026

Acquiring Company

High Tide

Acquired Company

Established Cannabis Store

CalgaryAlbertaRetailRetailCannabis

Description

High Tide Inc. announced the acquisition of an established retail cannabis store in Chestermere, Alberta for $670,000. The transaction closed on October 8, 2026, and the store will be rebranded under the Canna Cabana banner. This acquisition increases High Tide's total store count to 234 locations in Canada, including 93 in Alberta.

Company Information

Company

High Tide

Location

Unit 112, 11127 - 15TH STREET N.E.

Calgary, Alberta, Canada

About

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBITDA,2 with 89 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com and Dailyhighclub.com, and more recently in the hemp-derived CBD space through CBDcity.com and FABCBD.com as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB). Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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Frequently asked

Who acquired Established Cannabis Store?

Established Cannabis Store was acquired by High Tide, based in Calgary. The deal was reported on October 9, 2026. High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. High Tide is publicly traded (HITI) and operates in Retail.

When did High Tide acquire Established Cannabis Store?

High Tide's acquisition of Established Cannabis Store was reported on October 9, 2026. High Tide Inc. announced the acquisition of an established retail cannabis store in Chestermere, Alberta for $670,000. The transaction closed on October 8, 2026, and the store will be rebranded under the Canna Cabana banner. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Established Cannabis Store do?

The Store is an established retail cannabis store located at 100 Rainbow Road in Chestermere, Alberta. It occupies a high-visibility unit along one of Chestermere's main arterial roads, providing strong exposure to local residents and commuters. It is privately held, operating in Retail, and is based in Alberta.

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