High Tide Inc V.HITI

Alternate Symbol(s): HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.

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High Tide Inc

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Post by thebeston Feb 24, 2022 1:22am

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Post# 34456589

article interesting

 						the permanent closure of a cannabis store in Toronto could be a sign of things to come Stay informed with the blogTO newsletter Get the latest news delivered daily to your inbox so you're always up to date. E-mail address Contact us or unsubscribe at any time. To share Tweeter Save this article One of the Toronto locations of a small group of cannabis stores has closed permanently, and it may be a sign that others are facing the same fate as the city hits saturation point. According to the latest statistics, Toronto now has over 200 cannabis stores. About a dozen have opened each month since the beginning of last year. Where before cannabis legalization pot shops weren't a common part of the landscape, now you can barely walk a block in Toronto without encountering a handful. It has become so saturated that independent cannabis stores are now actively trying to be acquired by the big chains. Others have started shutting down underperforming sites. The House of Cannabis at 244 King St. E. might have been one of them, as the location is now permanently closed according to a note in the window. "Due to the dynamic and changing environment, it is with heavy hearts that we are closing this location," the note read. House of Cannabis was located a short walk from another cannabis store, Tokyo Smoke, at 250 King St. E. The brand has another location in Toronto in Chinatown, as well as locations in Barrie, Kingston, Kitchener and Keswick. There was a request to develop a 40-storey mixed-use building with retail on the ground floor in the area where the store was located. Ph