High Tide Buys Chestermere Cannabis Store for $670,000

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High Tide acquired an established cannabis retail store in Chestermere, Alberta, for $670,000 in cash, expanding its Canadian network to 234 locations, including 93 in Alberta. The transaction closed on October 8 and values the store at 2.1 times annualized adjusted EBITDA of approximately $316,000, based on the three months ended August 31, 2026. The store will be rebranded under High Tide's Canna Cabana banner.

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High Tide acquires a Chestermere cannabis store for $670,000 cash, expanding its retail network to 234 locations.