Raj Grover, President & CEO of High Tide discusses the attractive margins in cannabis retail.
“High Tide manufacturers upwards of 3500 SKU’s of different cannabis lifestyle accessories such as; water pipes, vaporizers, bubblers, grinders, dugouts, rolling papers and tons of other innovative products that cannabis enthusiasts around the world are passionate about and they need these products to consume their cannabis. We currently have Canna Cabana locations operating in Alberta with another 26 locations in various stages of construction. We’ve also signed to acquire two separate locations in Saskatchewan as well as, we’ve been selected by three different Ontario Lottery winners and we are helping them to assist and develop cannabis retail outlets for them. We have kind of been the early adopters to bring these products into our stores over the last 10 years.
We’ve also become an industry leader in the e-cigarettes market and are helping thousands of Canadians kick their tobacco habit. The margins in retail are quite attractive and the feedback that we get from the cannabis enthusiasts that visit our stores is invaluable. It guides our manufacturing priorities. It also keeps us on top of what they’re looking for and basically helps us grow organically in sync with our customers. With more international markets opening up to cannabis, I think we are perfectly positioned to enter and dominate these new and exciting markets and I think this is the most exciting opportunity for High Tide.”- Raj Grover, President & CEO of High Tide Inc.
A leading manufacturer of cannabis accessories worldwide
After years of experience in retail cannabis accessories, High Tide is rolling out Canada’s most ambitious cannabis retail concept through retrofit and expansion of our established footprint.As Canada’s largest counterculture chain, we’ve been serving cannabis consumers across the country for a decade and have an intimate understanding of their needs and desires.The retail cannabis industry is expected to generate multi-billions of dollars in annual sales, and our infrastructure is industry leading, experienced, and perfectly poised to become Canada’s favourite source of recreational cannabis and accessories.
As a leading manufacturer of cannabis accessories worldwide, we take pride in our ability to conceptualize, brand, manufacture, distribute and retail the hottest products in the industry. With licenses through Famous Brandz, our products and retail concepts also have access to entertainment brands like Snoop Dogg, Paramount Pictures, the Trailer Park Boys and Kevin Smith for expanded branding possibilities across all of our cannabis ventures.
Our product ecosystem is vertically integrated, and our accessory retail and distribution channels are fully self-sufficient.
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