CALGARY, AB — February 9, 2026 — Leads & Copy — High Tide Inc. has opened a new Canna Cabana retail cannabis store in Scarborough, Ontario. The store, located at 3148 Kingston Road, began selling recreational cannabis products and consumption accessories for adult use today.
The opening brings High Tide’s total store count to 219 Canna Cabana locations across Canada, with 95 in Ontario.
According to High Tide, the Scarborough location is strategically positioned on Kingston Road, a major east-west route with high visibility and traffic. The store aims to serve a trade area with limited cannabis competition, benefiting from access to surrounding residential areas. The location was previously occupied by Rockwood Cannabis.
Raj Grover, Founder and CEO of High Tide, said the opening reflects the company’s focus on expansion and commitment to opening locations meeting financial and operational criteria. Grover said the location has the opportunity to further strengthen its Ontario presence through a well-positioned site with a history of performance.
The company also announced the grant of options to purchase 145,500 common shares to employees and consultants. The stock options are exercisable at $3.22 per share until February 6, 2029, and vest over two years.
High Tide has also granted 1,300,530 restricted stock units (RSUs) to directors, officers, employees, and consultants. Of the RSUs, 48% vest on February 6, 2027, 26% on February 6, 2028, and the remaining 26% on February 6, 2029. Each RSU entitles the holder to one common share of the company upon vesting.
All stock options and RSUs were granted in accordance with the company’s Omnibus Plan, effective June 2, 2022. The common shares are subject to a four-month and one-day hold period, with further restrictions under foreign securities laws.
The granting of RSUs to company directors, totaling 795,106 RSUs, represents a related-party transaction under Multilateral Instrument 61-101. The participation of related parties is exempt from formal valuation and minority shareholder approval requirements as the transaction’s fair market value does not exceed 25% of the company’s market capitalization.
High Tide is a retail-forward cannabis enterprise. Its subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally with 219 locations in Canada. High Tide has operations across various components of cannabis, including retail and medical cannabis distribution.
Canna Cabana is the largest cannabis retail chain in Canada with locations in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a 12% market share.
Remexian Pharma GmbH, a German pharmaceutical company, imports and wholesales medical cannabis products. Remexian is licensed to import from 19 countries, including Canada.
High Tide was named one of Canada’s Top Growing Companies by the Globe and Mail and recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. The company was also ranked number one in the retail category on the Financial Times list of Americas’ Fastest Growing Companies for 2023.
Source: High Tide Inc.
