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CALGARY, May well 17, 2019 /CNW/ – Higher Tide Inc. (CSE:HITI) (OTCQB:HITIF) (FRA:2LY), an Alberta-primarily based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis way of life solutions, currently announced that Canna Cabana has been granted membership into the Canadian Franchise Association (“CFA”).  Higher Tide is now in possession of a Certificate of Membership for each the Smoker’s Corner retail smoking accessories company and the Canna Cabana retail cannabis company, which is exclusive in Canada.

The CFA is a national, not-for-profit association of extra than 700 corporate members representing more than 40,000 franchise company owners and is the recognized authority on franchising in Canada.

“With Canna Cabana becoming a CFA member, we can now present possible franchisees the unparalleled decision involving two CFA-authorized cannabis-connected firms to obtain and operate,” stated Raj Grover, President and Chief Executive Officer of Higher Tide. “With a total of nine present franchisees involving the Smoker’s Corner and Canna Cabana firms, franchising has been an integral component of Higher Tide’s retail approach considering that 2014”, added Mr. Grover.

According to the CFA, Canadian franchises contribute more than $100 Billion per year to the economy, produce jobs for more than 1.9 Million Canadians and allow more than 76,000 hardworking franchisees to be their personal boss as the owner of their personal tiny company.

Higher Tide is a quickly increasing enterprise with a broad retail presence across Canada. It presently has 13 Canna Cabana retail places licensed in Alberta and continues to advance its subsequent 23 places, which are below many stages of improvement and building. In Ontario, two Canna Cabana-branded retail cannabis places in Hamilton and Sudbury had been opened on April 20th and each are performing strongly in every single industry, with the subsequent branded retail cannabis place in downtown Toronto in the coming weeks. In Saskatchewan, the Firm is progressing via the final actions to total two pending retail cannabis acquisitions. Lastly, across Alberta, British Columbia and Nova Scotia there are 13 Smoker’s Corner accessories shops, of which 5 are corporately owned and eight are franchises.

About Higher Tide Inc.

Higher Tide is an Alberta-primarily based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis way of life solutions. It is a vertically-integrated business in the Canadian cannabis industry, with portfolio subsidiaries such as RGR Canada Inc., Well-known Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity.com, Canna Cabana Inc. and the majority of KushBar Inc. Higher Tide’s approach as a parent business is to extend and strengthen its integrated worth chain, when delivering a total consumer knowledge and maximizing shareholder worth. Important sector investors in Higher Tide involve Aphria Inc. (TSX: APHA) (NYSE: APHA), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (FRA: 21P) and FSD Pharma Inc. (CSE: Substantial) (OTC: FSDDF) (FRA: 0K9).

Featured image courtesy of Sudbury.com.

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