Market News / Story
High Tide acquires Alberta cannabis store
Seeking Alpha ·
Seeking Alpha reports: 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 ~$316,000, based on the three months ended August 31, 2026. The store will be rebranded under High Tide's Canna Cabana banner. Content provided by Seeking Alpha is intended for information…