High Tide To Open Canna Cabana Location In St. Thomas, Ontario
Portfolio Pulse from Vuk Zdinjak
High Tide Inc. (NASDAQ:HITI) announced the opening of its 154th Canna Cabana retail cannabis store in St. Thomas, Ontario, marking its 50th location in the province. The new store will begin selling recreational cannabis products and consumption accessories for adult use on July 30. The company plans to use the location as a pilot for a potential new concept that heavily focuses on its proprietary Fastendr retail kiosk technology. High Tide aims to achieve positive free cash flow by the end of the year.
July 28, 2023 | 2:57 pm
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High Tide's new store opening and its focus on Fastendr retail kiosk technology could potentially boost its sales and market presence. The company's goal to achieve positive free cash flow by year-end indicates strong financial prospects.
The opening of a new store in a high-density retail neighborhood could potentially increase High Tide's sales and customer base. The company's focus on its proprietary Fastendr retail kiosk technology could enhance customer experience and further drive sales. High Tide's goal to achieve positive free cash flow by the end of the year indicates strong financial prospects, which could attract investors.
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