High Tide
High Tide, founded in 2009, is North America's second largest cannabis retailer by store count and generates over $510 million in annual revenue. It operates Canna Cabana, Canada's largest non-franchised cannabis retail chain, and owns the world's top two consumption accessory e-commerce platforms.
Company Overview
High Tide, founded in 2009, has rapidly grown to become the second largest cannabis retailer in North America by store count as of February 2024. With over $510 million in annual revenue run rate, the company has established a significant presence in the market. High Tide is known for its extensive portfolio, which includes leading consumption accessory e-commerce platforms. The company has been recognized for its rapid growth and industry impact, achieving notable rankings in prestigious business lists.
Retail Operations
High Tide operates Canna Cabana, the largest non-franchised cannabis retail chain in Canada. With over 160 locations, Canna Cabana provides a wide range of cannabis products to a diverse customer base. The company's expansive retail network has contributed significantly to its robust revenue performance and market presence. By focusing on customer experience and product variety, High Tide has solidified its status as a leading cannabis retailer.
E-Commerce Platforms
High Tide's portfolio includes two of the world's most popular consumption accessory e-commerce platforms. These platforms specialize in offering a variety of accessories related to cannabis consumption, catering to a global audience. The success and popularity of these e-commerce sites have played a crucial role in High Tide's overall business strategy, complementing its physical retail operations and expanding its market reach.
Industry Recognition
High Tide has received significant recognition for its growth and impact in the industry. Featured in the fifth-annual Report on Business Magazine’s ranking of Canada’s Top Growing Companies for 2023, High Tide secured the 38th position out of 425 companies. Additionally, High Tide was ranked number one in the retail category on the Financial Times list of Americas’ Fastest Growing Companies for 2023. These accolades reflect the company's impressive expansion and leadership within the cannabis sector.