High Tide Reveals Concept Design for its "Canna Cabana" Retail Stores
CALGARY, Aug. 7, 2018 /CNW/ - High Tide Ventures Inc. ("High Tide" or the "Company") today announced that it recently finalized and subsequently revealed the store design for its Canna Cabana chain of retail cannabis outlets. The sophisticated yet playful design was created in collaboration with Holland Design, an award-winning, Calgary-based interior design firm. The concept is the result of High Tide's retail expertise gained from selling smoking accessories and cannabis lifestyle products since 2009, blending with Holland Design's focus on bringing people and spaces together by creating interiors for businesses and people that redefine everyday thinking. In total, the Company currently already has four retail cannabis locations fully approved in Alberta – two in Calgary, one in Lethbridge and another in Morinville – with over 30 more locations awaiting development permits.
The design concept will be implemented at all of the Company's Canna Cabana retail stores, with construction scheduled to begin immediately. The interior aesthetic is both casual and approachable for the customer, while also displaying aspirational and forward-thinking elements that are unique to the Company. The concept's simple palette is accentuated by pops of colour, with woodgrains textures and woven light fixtures that pay subtle homage to the tropical influence in the Canna Cabana brand.
"Our knowledge of the customer through almost a decade of retail experience is expertly captured in the detailed concept created together with Holland Design", said Raj Grover, President & CEO of the High Tide group of companies. "We couldn't be happier with the concept design for our Canna Cabana retail cannabis stores and are incredibly excited to open store doors to our customers on October 17th," added Grover. High Tide expects to open the maximum amount of 37 retail cannabis outlets in Alberta, the maximum number of 8 in British Columbia, and more across Canada as opportunities for growth arise.
About High Tide Ventures Inc.
High Tide is a privately-held, Alberta-based, retail-focused cannabis corporation. It is among the most vertically-integrated companies in the Canadian cannabis market, with portfolio entities including RGR Canada, Smoker's Corner, Famous Brandz, Canna Cabana and the majority of KushBar. High Tide's strategy as a parent company is to extend and strengthen its retail-focused integrated value chain, while providing a complete customer experience and maximizing shareholder value.
Representing the core of High Tide's business, RGR Canada is a high-quality and innovative designer, manufacturer and distributor of cannabis accessories. Founded in 2009 and approved by the Canadian Franchise Association, Smoker's Corner is Canada's largest counter-culture chain with 19 current locations. Famous Brandz is a dominant manufacturer of licensed lifestyle accessories, through partnerships with celebrities and entertainment companies like Snoop Dogg and Paramount Pictures, respectively, which are sold to wholesalers and retailers around the world. Upon the legalization of recreational cannabis across Canada on October 17, 2018, Canna Cabana is positioned to become a sizeable retail brand through a modern concept with a sophisticated yet playful customer experience, while KushBar is a retail concept that will also be focused on the valued Canadian cannabis consumer.
For more information about High Tide Ventures Inc., visit www.hightideventures.com
Forward-Looking Information
Certain statements in this news release are forward-looking information or forward-looking statements. Such information and statements, referred to herein as "forward-looking statements" are made as of the date of this news release or as of the date of the effective date of information described in this news release, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (generally, forward-looking statements can be identified by use of words such as "outlook", "expects", "intend", "forecasts", "anticipates", "plans", "projects", "estimates", "envisages, "assumes", "needs", "strategy", "goals", "objectives", or variations thereof, or stating that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken, occur or be achieved, or the negative of any of these terms or similar expressions, and other similar terminology) are not statements of historical fact and may be forward-looking statements.
Such forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to the ability of High Tide to execute on its business plan and that High Tide will receive one or multiple licenses from the Alberta Liquor and Gaming Commission, British Columbia's Liquor Distribution Branch or the Saskatchewan Liquor and Gaming Authority permitting it to carry on its Canna Cabana and KushBar businesses. High Tide considers these assumptions to be reasonable in the circumstances, given the time periods for such outlook. However, there can be no assurance that any one or more of the government, industry, market, operational or financial targets as set out herein will be achieved. Inherent in the forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.
The forward‐looking statements contained herein is current as of the date of this news release. Except as required by law, High Tide does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking statement, nor does it intend, or assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances. Any and all forward-looking statements included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this news release.
SOURCE High Tide Ventures Inc.
please contact Nick Kuzyk, Chief Strategy Officer & SVP Capital Markets at High Tide Ventures Inc.; Tel: (403) 265-4207, Email: [email protected]; Web: www.hightideventures.com
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