High Tide Inc. has opened its 220th Canna Cabana retail cannabis store at 1355 London Road in Sarnia, Ontario, with sales beginning on March 9, 2026. The new location is the company’s first entry into the Sarnia market and sits adjacent to Lambton Mall, a high‑visibility site that aligns with the firm’s data‑driven expansion strategy.
The opening brings High Tide’s total Canna Cabana store count to 220 across Canada and 96 in Ontario, reinforcing its position as Canada’s largest cannabis retailer by store count. The company added 29 new stores in fiscal 2024 from internal cash generation, a pace that has kept the chain growing at roughly two to three new locations per month and supports the company’s goal of exceeding 300 stores nationwide.
Management highlighted the strategic fit of Sarnia, noting that the city offers a strong demographic profile for cannabis retail. “I am pleased to announce our entry into the Sarnia market as we continue expanding into high‑potential communities across Canada where Canna Cabana does not yet have a presence,” said Raj Grover, Founder and CEO. “Sarnia offers a strong demographic profile for cannabis retail, and we believe our discount club model will resonate well with local consumers seeking value, selection, and a differentiated retail experience.”
High Tide’s discount club model, coupled with the Cabana Club loyalty program that now serves over 2.5 million members in Canada, is a key differentiator that drives customer acquisition and repeat sales. The company’s recent financial results—record revenue of $164 million and adjusted EBITDA of $12.4 million in Q4 2025—demonstrate the financial strength that underpins its organic growth strategy.
The Canadian legal cannabis market is valued at $3.25 billion in 2024 and is projected to grow at a 12% CAGR through 2030. Ontario’s recent doubling of the retail store cap per operator further supports expansion opportunities. High Tide’s focus on quality locations and data‑driven site selection positions it to capture market share in high‑potential communities like Sarnia while maintaining operational efficiency and profitability.
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