Toronto is proving itself to be a fertile market for recreational cannabis retailer High Tide.

The company has opened its 11th Canna Cabana store in the Ontario capital. The store is located downtown at the corner of Yonge Street and Wellesley Avenue.

“This new Yonge and Wellesley location builds on the success of our Canna Cabana store at the corner of Yonge and College, which opened shortly after legalization in 2018,” said Raj Grover, High Tide’s founder and CEO. “Annually, 60 million residents and tourists walk through the downtown Yonge Street corridor, which ranks amongst the busiest foot traffic areas in Canada.

“I also look forward to welcoming the hundreds of thousands of tourists who frequent the Yonge Street corridor every year, especially during Toronto Pride week, which is amongst the top tourist-drawing events in North America.”

Calgary-based High Tide is Canada’s largest cannabis retailer, operating stores in B.C., Alberta, Saskatchewan and Manitoba as well as Ontario. The company is also looking at possible moves into the U.S. and Europe as part of a global growth effort.

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