High Tide Inc. (TSXV: HITI) (NASDAQ: HITI) (FSE: 2LYA) confirmed Tuesday that its wholly-owned subsidiary, Canna Cabana Inc., is now provincially licensed to operate in British Columbia, having received due diligence approval from the British Columbia Liquor Distribution Branch.
With this authorization, Canna Cabana can now proceed with site-specific license applications.
British Columbia, a popular tourist destination, hosted more than 6 million overnight visitors in 2019. It is also Canada's third-most populous province with an estimated population of 5.2 million as of 2021.
According to a recent study by the Canadian Institute for Substance Use Research (CISUR), legal cannabis sales in British Columbia doubled between 2019 and 2020. The same study also found …