SmallCap Sentinel: Staking Their Claim

ORLANDO, FL / ACCESSWIRE / July 31, 2019 / A recent announcement from High Tide Inc. (HITI.CN) (HITIF) shows real momentum for a Company looking to penetrate the lucrative cannabis arena with separate and diversified revenue lines. Our sister publication recently outlined High Tide’s unique efforts to pair celebrities and pop culture icons with branded cannabis accessories and related goods, but a recent High Tide press release denoting the sale of cannabis through the Company’s Canna Cabana outlets is big news too.

Simply put, High Tide now has a stake in the cannabis retail industry as three MORE Canna Cabana shops all received their first deliveries of cannabis products from Alberta Gaming, Liquor and Cannabis (“AGLC”) and have begun selling recreational cannabis for adult use. The new Alberta Stores bring the total number of Canna Cabana retail locations currently selling recreational cannabis to a total of 14 branded locations across Canada.

Fourteen locations so far is a good size footprint for a relatively young company and a pretty strong indication of the management team’s ability to secure the permission from the government and to rapidly build and scale a nice chain of retail outlets. Obviously, fourteen stores gives the Company a quickly expanding opportunity to monetize cannabis sales, and we’re expecting, introduce their branded products to an ideal audience.

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SOURCE: Emerging Markets Report

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