Mergers & Acquisitions ·
High Tide acquires cannabis store in Chestermere, Alberta for $670K
HITIHigh Tide Inc.
High Tide Inc. completed the acquisition of an established retail cannabis store located at 100 Rainbow Road in Chestermere, Alberta, for $670,000 in cash on October 8, 2026. The transaction represents a multiple of 2.1 times annualized Adjusted EBITDA based on approximately $316,000 for the three months ended August 31, 2026. The store will be rebranded under High Tide's Canna Cabana banner, bringing the company's total location count to 234 across Canada and 93 in Alberta. High Tide Inc. is a retail-forward cannabis enterprise operating the largest cannabis retail chain in Canada.