High Tide's Cabana Club Loyalty Program Surpasses 1.5M Members In Canada
Portfolio Pulse from Rolando García
High Tide Inc. (NASDAQ:HITI) announced that its Cabana Club loyalty program has surpassed 1.5 million members in Canada, reflecting a 37% annual growth rate. The company also opened a new Canna Cabana store in Belleville, Ontario, marking its 181st retail location in Canada. High Tide recently closed a subordinated debt facility for CA$15 million. The Canadian cannabis market continues to grow, with a 7.1% increase in sales for March.
August 08, 2024 | 10:00 am
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High Tide Inc. (NASDAQ:HITI) has seen significant growth in its Cabana Club loyalty program, surpassing 1.5 million members. The company also opened a new store in Belleville, Ontario, and closed a CA$15 million debt facility.
The rapid growth in the loyalty program and the opening of new stores indicate strong operational performance and market expansion. The closing of the debt facility also strengthens the company's financial position.
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