High Tide Inc (HITI)

[Alwaysbmikki]

CALGARY, June 13, 2019 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (CSE:HITI.CN - News) (OTCQB:HITIF - News) (FRA:2LY.F - News), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that on Monday, June 10, 2019 the Alcohol and Gaming Commission of Ontario ("AGCO") issued to High Tide's counterparty Dana Michele Kendal (the "Winner") a Retail Store Authorization for the Canna Cabana Toronto store (the "Toronto Store"). As a result, the Toronto Store located at 435(B) Yonge Street, near the intersection of College Street, is scheduled to open on Saturday, June 15, 2019.
The Toronto Store is expected to be highest profile Canna Cabana-branded location in Canada. "Being selected to assist the Winner and working together to establish the Toronto Store has been an incredible journey and we are all very excited for opening day at Yonge and College," said Raj Grover, President and Chief Executive Officer of High Tide. "We are thrilled to join the downtown Toronto community and look forward to bringing the approachable, sophisticated and playful Canna Cabana experience to our new customers and stakeholders alike," added Mr. Grover. The AGCO must still conduct a pre-opening inspection to ensure that the Winner is ready to open for business and sell cannabis products in accordance with the Cannabis Licence Act, 2018, its regulations and the Registrar's Standards for Cannabis Retail Stores.
The Toronto Store brings the total number to 17 Canna Cabana-branded stores across Canada, with 13 corporately owned locations, three partnered stores and one franchise across Alberta, Ontario and Saskatchewan. The Company is advancing its next 23 Canna Cabana locations that are under various stages of development and construction across Alberta, British Columbia and Manitoba, as well as four KushBar locations under development and construction in Alberta. High Tide also continues to benefit from 14 Smoker's Corner stores in Alberta, British Columbia and Nova Scotia. Lastly, High Tide is progressing through the necessary steps to complete a pending retail cannabis store acquisition in Saskatchewan.
https://ca.finance.yahoo.com/news/high-tide-announces-agco-authorization-113000635.html