High Tide to Open Two New Canna Cabana Locations in Toronto and Winnipeg
WINNIPEG, MB LOCATION
Conveniently located just off Chief Peguis Trail—a major traffic artery in Winnipeg—this grocery-anchored plaza offers excellent visibility and easy accessibility. The area benefits from strong co-tenancies and serves a local population of approximately 10,000 within a 1-kilometer radius, with limited competition nearby. As the first Canna Cabana in Winnipeg's north end, this location opens access to a new and untapped customer base, supporting the Company's continued expansion in the city.
TORONTO, ON LOCATION
The Well is a newly opened, state-of-the-art mixed-use shopping mall, located in the heart of downtown Toronto. This vibrant destination seamlessly blends high-end residential, entertainment, and commercial spaces, and is home to a diverse range of retailers, acclaimed restaurants, and a modern reimagining of the traditional food court—Wellington Market—featuring dozens of top-tier food vendors. The Company's new Canna Cabana location is ideally situated adjacent to the entrance of Wellington Market, which sees thousands of visitors daily, and is just steps from the outdoor plaza which serves as a hub for year-round events that draw significant foot traffic.
"Both the Manitoba and Ontario markets continue to deliver strong results for our Canna Cabana network, and we're thrilled to deepen our footprint in these high-potential provinces," said Raj Grover, Founder and Chief Executive Officer of High Tide. "In March, our stores across both provinces delivered annualized revenue run rates significantly above the national average, underscoring the strength of our differentiated discount club model and loyalty ecosystem. These results reaffirm our decision to reinvest our cash flows into targeted expansion, bringing even more Canadians into the Cabana Club."
"I also want to thank the Government of Manitoba for passing Bill 9, which will help level the playing field by limiting controlled access licenses to communities with fewer than 5,000 residents. This important shift ensures age-gated cannabis retail remains in the hands of responsible operators, protects youth, and supports the long-term viability of licensed cannabis stores across the province," added Mr. Grover.
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant and is the second-largest cannabis retailer globally by store count 1. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 202 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in the world.
Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup.
Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com.
Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more.
CBD: High Tide continues to cultivate the possibilities of consumer CBD through Nuleafnaturals.com, FABCBD.com, blessedcbd.de and blessedcbd.co.uk.
Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™.
Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name.
High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2024 for the fourth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Media Inquiries
Carter Brownlee
Communications and Public Affairs Advisor
High Tide Inc.
[email protected]
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
[email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the timing of our new locations beginning to sell recreational cannabis products and consumption accessories for adult use, the expected benefits of the store locations, the level of competition in the area, and our commitment to opening the number of future stores on the timeline indicated herein. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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Globe and Mail
16 minutes ago
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AirJoule Technologies Announces Second Quarter 2025 Results
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To access the live audio webcast of the conference call, please visit the AirJoule Technologies investor relations website at To participate by phone, dial 877-407-6184 (domestic) or +1-201-389-0877 (international). An archived webcast will be available following the call. About AirJoule Technologies Corporation AirJoule Technologies Corporation (NASDAQ: AIRJ) is a leading technology platform that unleashes the power of water from air. Through its joint venture with GE Vernova and in partnership with Carrier Global Corporation, the Company's purpose is freeing the world of its water and energy constraints by delivering groundbreaking sorption technologies. For more information, visit Forward-Looking Statements The information in this press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding AirJoule Technologies and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words 'could,' 'may,' 'will,' 'should,' 'anticipate,' 'believe,' 'intend,' 'estimate,' 'expect,' 'project,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, AirJoule Technologies expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. AirJoule Technologies cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond AirJoule Technologies' control. These risks include, but are not limited to, our status as an early stage Company with limited operating history, which may make it difficult to evaluate the prospects for our future viability; our initial dependence on revenue generated from a single product; significant barriers we face to deploy our technology; the dependence of our commercialization strategy on our relationships with BASF, Carrier, GE Vernova, and other third parties history of losses, and the other risks and uncertainties described in our SEC filings including the 'Risk Factors' section of our most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. AirJoule Technologies' SEC Filings are available publicly on the SEC's website at and readers are urged to carefully review and consider the various disclosures made in such filings. AIRJOULE TECHNOLOGIES CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2025 2024 (unaudited) Assets Current assets Cash, cash equivalents and restricted cash $ 30,502,711 $ 28,021,748 Due from related party 545,013 2,820,129 Prepaid expenses and other current assets 968,892 613,754 Total current assets 32,016,616 31,455,631 Operating lease right-of-use asset 131,235 147,001 Property and equipment, net 23,872 16,373 Investment in AirJoule, LLC 343,858,688 338,178,633 Other assets 54,482 54,482 Total assets $ 376,084,893 $ 369,852,120 Liabilities and stockholders' equity Current liabilities Accounts payable $ 296,587 $ 79,202 Other accrued expenses 2,197,206 1,720,318 Operating lease liability, current 32,886 30,227 True Up Shares liability — 2,189,000 Total current liabilities 2,526,679 4,018,747 Earnout Shares liability 5,416,000 24,524,000 Subject Vesting Shares liability 1,411,000 7,819,000 Operating lease liability, non-current 107,113 124,002 Deferred tax liability 78,054,508 81,256,047 Total liabilities 87,515,300 117,741,796 Commitments and contingencies (Note 12) Stockholders' equity Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024 $ — $ — Class A common stock, $0.0001 par value; 600,000,000 authorized shares and 60,439,593 and 55,928,661 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 6,044 5,593 Additional paid-in capital 72,644,217 53,577,270 Retained earnings 215,919,332 198,527,461 Total stockholders' equity 288,569,593 252,110,324 Total liabilities and stockholders' equity $ 376,084,893 $ 369,852,120 AIRJOULE TECHNOLOGIES CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Cost and expenses: General and administrative $ 3,751,211 $ 3,211,205 $ 6,537,695 $ 4,024,444 Research and development 401,623 1,050,804 789,542 1,896,961 Sales and marketing 7,794 74,841 22,003 112,566 Transaction costs incurred in connection with business combination — — — 54,693,103 Depreciation and amortization 2,289 1,216 3,877 2,301 Loss from operations (4,162,917) (4,338,066) (7,353,117) (60,729,375) Other income (expense): Interest income 283,733 216,480 526,758 242,626 Gain on contribution to AirJoule, LLC — — — 333,500,000 Equity loss from investment in AirJoule, LLC (2,089,667) (580,788) (4,319,945) (607,170) Change in fair value of Earnout Shares liability 6,276,000 13,064,000 19,108,000 5,392,000 Change in fair value of True Up Shares liability — (136,000) 106,106 133,000 Change in fair value of Subject Vesting Shares liability 934,000 1,759,000 6,408,000 (666,000) Gain on settlement of legal fees — 2,207,445 — 2,207,445 Other expense, net (286,818) — (285,470) — Total other income, net 5,117,248 16,530,137 21,543,449 340,201,901 Income before income taxes 954,331 12,192,071 14,190,332 279,472,526 Income tax benefit (expense) 1,558,882 1,237,824 3,201,539 (84,487,339) Net income $ 2,513,213 $ 13,429,895 $ 17,391,871 $ 194,985,187 Weighted average Class A common stock outstanding, basic 59,247,717 49,560,529 57,656,530 43,357,928 Basic net income per share, Class A common stock $ 0.04 $ 0.25 $ 0.30 $ 4.05 Weighted average Class A common stock outstanding, diluted 60,179,241 51,358,716 58,727,169 44,995,234 Diluted net income, per share, Class A common stock $ 0.04 $ 0.24 $ 0.30 $ 3.92 Weighted average Class B common stock outstanding, basic and diluted — 4,759,642 — 4,759,642 Basic net income per share, Class B common stock $ — $ 0.25 $ — $ 4.05 Diluted net income per share, Class B common stock $ — $ 0.24 $ — $ 3.92 AIRJOULE TECHNOLOGIES CORPORATION Six Months Ended June 30, 2025 2024 Cash flows from operating activities Net income $ 17,391,871 $ 194,985,187 Adjustment to reconcile net income to cash used in operating activities: Depreciation and amortization 3,877 2,301 Deferred tax expense (benefit) (3,201,539) 84,487,339 Amortization of operating lease right-of-use assets 15,766 59,709 Change in fair value of Earnout Shares liability (19,108,000) (5,392,000) Change in fair value of True Up Shares liability (106,106) (133,000) Change in fair value of Subject Vesting Shares liability (6,408,000) 666,000 Change in fair value of Equity Line Obligation liability 286,819 — Gain on contribution to AirJoule, LLC — (333,500,000) Equity loss from investment in AirJoule, LLC 4,319,945 607,170 Non-cash transaction costs in connection with business combination — 53,721,000 Gain on settlement of legal fees — (2,207,445) Share-based compensation 2,419,596 150,519 Changes in operating assets and liabilities: Due from related party 2,496,577 — Due to related party — (1,440,000) Prepaid expenses and other current assets (355,138) (806,153) Operating lease liabilities (14,230) (56,818) Accounts payable 217,385 (3,157,317) Accrued expenses, accrued transaction costs and other liabilities (122,308) (5,563,053) Net cash used in operating activities (2,163,485) (17,576,561) Cash flows from investing activities Purchases of fixed assets (11,376) (6,554) Investment in AirJoule, LLC (10,000,000) (10,000,000) Net cash used in investing activities (10,011,376) (10,006,554) Cash flows from financing activities Proceeds from the exercise of warrants — 45,760 Proceeds from the exercise of options 99,718 60,170 Proceeds from the PIPE offering, net 14,556,106 — Proceeds from the issuance of common stock pursuant to subscription agreements — 61,750,000 Net cash provided by financing activities 14,655,824 61,855,930 Net increase in cash, cash equivalents and restricted cash 2,480,963 34,272,815 Cash, cash equivalents and restricted cash, beginning of period 28,021,748 375,796 Cash, cash equivalents and restricted cash, end of the period $ 30,502,711 $ 34,648,611 Supplemental non-cash investing and financing activities: Issuance of True Up Shares $ 2,082,894 $ — Deferred offering costs included in accrued expenses and other current liabilities $ 312,375 $ — Initial recognition of True Up Shares liability $ — $ 555,000 Initial recognition of Subject Vesting Shares liability $ — $ 11,792,000 Initial recognition of ROU asset and operating lease liability $ — $ 172,649 Liabilities combined in recapitalization, net $ — $ 8,680,477 Contribution to AirJoule, LLC of license to technology $ — $ 333,500,000 Supplemental cash flow information: Taxes paid $ — $ — Contacts
Globe and Mail
37 minutes ago
- Globe and Mail
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First, zero frost, no defrost cycles. Continuous operation without the traditional defrost interruptions that reduce efficiency in freezing conditions. And ultra-low temperature performance. The Aetherlux operates in ambient temperatures as low as negative 59.6 degrees Fahrenheit, which is about 51 degrees Celsius. Far beyond the capabilities of typical commercial heat pumps, enabling its use in extreme arctic environments. Since the launch of AetherLux, we have attracted significant interest from major global corporations, federal governments, and numerous distributors with inbound inquiries potentially surpassing hundreds of millions of dollars in revenue opportunities. In Q2 2025, TerraVise Energy, our subsidiary company, had achieved numerous milestones on this disruptive technology. It has advanced Aetherlux heat pumps from lab testing to commercial testing, initiated manufacturer selection for product certification, continued R&D optimization of Zero Frost technology, and began evaluating strategic business opportunities. Management believes Aetherlux could have a meaningful impact on Worksport's 2026 balance sheet supported by its position in the $123 billion global market." -- Steven Rossi, CEO The imminent commercialization of proprietary clean energy products diversifies Worksport's revenue streams, accelerates the pathway to profitability in 2026, and establishes the company as a differentiated player at the intersection of automotive and portable energy markets. Looking Ahead Management reaffirmed its full-year 2025 revenue target of at least $20 million and projects operating cash flow breakeven by late Q4 2025 or early Q1 2026. AetherLux is anticipated to deliver a meaningful positive financial impact in 2026, with more detailed forecasts forthcoming in Q4 2025. The ongoing Regulation A offering may fully fund operations through the remainder of 2025 and into 2026, with future capital needs expected to be met through existing warrants or non-dilutive financing. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,060%* — a market-crushing outperformance compared to 182% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 13, 2025
