High Tide Says It Inaugurated Two New Canna Cabana Stores In Alberta And Saskatchewan; Openings Will Mark Company's 175th And 176th Canna Cabana Locations In Canada
Portfolio Pulse from Benzinga Newsdesk
High Tide has inaugurated two new Canna Cabana stores in Alberta and Saskatchewan, marking its 175th and 176th locations in Canada. The company aims to add 20 to 30 new stores by the end of the year, supported by strong free cash flow and potential M&A activities.
June 28, 2024 | 10:03 am
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High Tide has opened two new Canna Cabana stores, bringing its total to 176 locations. The company is on track to meet its goal of adding 20-30 new stores this year, supported by strong free cash flow and potential M&A activities.
The opening of new stores and the company's strong free cash flow profile are positive indicators for growth. The potential for additional M&A activities further supports a positive outlook for High Tide's stock in the short term.
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