High Tide buys Alberta store for $670,000

• High Tide (NASDAQ:HITI) acquired an established cannabis store in Chestermere, Alberta, for $670,000 in cash.
• The purchase price equals about 2.1 times the store’s annualized adjusted EBITDA of roughly $316,000.
• The location will be rebranded as Canna Cabana, lifting High Tide’s Canadian network to 234 stores.

High Tide (NASDAQ:HITI) completed the acquisition of an established cannabis retail store in Chestermere, Alberta, for $670,000 in cash on October 8, 2026.

The purchase price represents approximately 2.1 times the store’s annualized adjusted EBITDA of about $316,000, based on the three months ended August 31, 2026.

High Tide said the acquired location is already generating cash flow and met the company’s criteria for both location quality and purchase economics.

The store, located at 100 Rainbow Road, will be rebranded as Canna Cabana and sits along a main route used by local residents and Calgary commuters.

The acquisition increases High Tide’s Canadian retail network to 234 locations, including 93 stores in Alberta.

The Chestermere store is positioned beside a grocer and liquor store, giving it access to established local retail traffic.

High Tide said it had waited for an acquisition opportunity that matched its operating and valuation requirements before completing the transaction.