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Be the first with the news that moves the market- High Tide Inc (CSE:HITI) subsidiary Canna Cabana will reopen its retail cannabis stores in Hamilton, Sudbury, and Toronto
- The reopening is the result of an emergency order approved by Ontario’s Cabinet on April 7
- Canna Cabana is recalling the staff who it temporarily laid off, in order to fulfil newly permitted customer orders
- The stores will take orders online or by phone, while it explores at-home delivery options for customers
- At the previous market close, High Tide Inc (HITI) was trading at C$0.10 per share
High Tide Inc (CSE:HITI) subsidiary Canna Cabana will reopen its retail cannabis stores in the Ontarian cities of Hamilton, Sudbury, and Toronto.
The reopening is the result of an emergency order, approved by Ontario’s Cabinet on April 7. The order allows for legal cannabis stores to offer curb-side delivery and pick-up services.
While cannabis stores initially qualified in Ontario as essential services, the government put out an updated list last week. Cannabis stores did not make the cut, forcing retailers in the province to close.
However, less than a week after the order to close went into effect, the government reconsidered its decision. The new emergency order will allow Ontarian cannabis stores to resume operations. However, customers will not be allowed to go inside the premises and must collect products through delivery or pick-up.
As a result, Canna Cabana is now recalling many of the staff who it temporarily laid off only days ago. The recalled staff will be busy fulfilling newly permitted customer orders, available online or on the phone.
High Tide’s President and CEO, Raj Grover, commended Ontario’s cabinet for its decision.
“We applaud the Ontario government for openly listening to stakeholders, swiftly amending its position, and allowing retail stores to reopen.
“All three Canna Cabana locations in Ontario are ready to receive click-and-collect orders via its website and take orders over the phone for pick-up at each store. We are continuing to explore the option of providing deliveries to our valued customers,” he said.
Like many other businesses, High Tide and its various subsidiaries will continue monitoring the COVID-19 situation as it unfolds.
At the previous market close, High Tide Inc (HITI) was trading at C$0.10 per share
