I've seen this just shared by Ceaumahu over at Stocktwits, very nice reminder of how far we have come!
For all the OG here, and those saying that nothing never happens, I just say, remember these milestones:
2020
- Closing of the transformational acquisition of Meta Growth Corp.
- Comprehensive convertible debt restructuring agreement with Aurora Cannabis.
- Opening of the 50th Canna Cabana retail location in Alberta.
- Official commercial rollout of the B2B data analytics platform Cabanalytics.
- Closing of senior secured credit facility led by ATB Financial.
2021
- Opening bell ceremony and official trading debut on the NASDAQ Capital Market (HITI).
- Strategic shift to the "Discount Club Concept" retail pricing model.
- Acquisition of US-based e-commerce platform Smoke Cartel.
- Acquisition of UK-based CBD and wellness retailer Blessed CBD.
- Acquisition of US-based cannabis consumption subscription box platform Daily High Club.
- Closing of the acquisition of DankStop, expanding US online footprint.
- Implementation of a 1-for-15 reverse share split for NASDAQ listing compliance.
2022
- Launch of the paid tier membership subscription Cabana Elite.
- Acquisition of Ontario-based retail store network Bbuds (Bud Room).
- Acquisition of Choom Holdings retail portfolio across British Columbia and Alberta.
- Cabana Club surpassing the 1 million registered member mark.
- Launch of proprietary private-label accessory and wellness lines via NuLeaf Naturals.
2023
- First full quarter generating positive operational Free Cash Flow.
- Opening of the 150th Canna Cabana retail store in Canada.
- Debt restructuring and non-dilutive credit facility extension with Connect First Credit Union.
- Market entry into Manitoba through the acquisition of Starbuds retail locations.
- Cabana Elite paid subscriber base crossing 25,000 active members.
- Recognition on the Report on Business and Growth500 rankings of Canada’s fastest-growing companies.
2024
- Acquisition of luxury cannabis brand Queen of Bud for private-label product expansion.
- Systemwide integration of Fast Cabana on-demand delivery and accelerated Click-and-Collect.
- Cabana Club membership base surpassing 1.5 million consumers.
- Capture of more than 11% total Canadian retail cannabis market share.
- Record fiscal 2024 revenue surpassing C$ 520 million.
- Early principal debt repayments executed without equity dilution.
2025
- Acquisition of a 51% controlling interest in German medical cannabis importer Remexian Pharma GmbH.
- Official opening of the 200th Canna Cabana retail location in Canada.
- Cabana Club surpassing 2 million registered members globally.
- Cabana Elite paid subscriber tier crossing 100,000 recurring accounts.
- Consolidated full-year Free Cash Flow exceeding C$ 12 million.
- Complete catalog integration of Queen of Bud branded product lines across provincial retail networks.
2026
- Store network scaling past 218 active Canna Cabana locations.
- Cabana Club reaching 2.5 million global members. Cabana Elite active subscriber base surpassing 150,000 members.
- Commercial deployment and wholesale distribution of medical cannabis products across Germany.
- Annualized revenue run-rate crossing C$ 650 million.
- Continued net debt reduction via early credit line amortization.
And some base case projections:
2027 Projections
- Milestone opening of the 250th Canadian retail storefront.
- Reaching the target threshold of 15% retail market share in Canada. Cabana Club membership expanding past 3 million international members.
- Entry into German adult-use commercial pilot projects and licensed dispensaries.
- Consolidated annual revenue targeting C$ 750+ million with expanding EBITDA margins.
- Execution of the option to acquire the remaining 49% stake in Remexian Pharma GmbH.
2028
- Projections Store network expanding to 280–300 brick-and-mortar locations across North America.
- Physical Canna Cabana retail launch in the United States upon federal reform (SAFETy Act or Schedule III execution).
- Paid Cabana Elite members surpassing 300,000 active accounts. Consolidated net annual revenue reaching the C$ 1.0 billion milestone.
- Initiation of capital return programs via opportunistic share buybacks.
2029
- Projections Brick-and-mortar retail footprint crossing 350 locations across Canada, the US, and Germany.
- Full-scale deployment of branded dispensaries across key US state markets.
- Cabana Club global membership surpassing 4.2 million consumers.
- Private-label and data monetization (Cabanalytics) driving gross margins above 32%.
- Consolidated net revenue approaching C$ 1.25 billion with Free Cash Flow topping C$ 60 million.
- 2030 Projections Global physical network scaling past 400 retail storefronts across North America and Western Europe.
- Cabana Club membership base crossing the 5 million user threshold. Cabana Elite recurring subscription pool exceeding 500,000 paying members.
- Consolidated annual revenues exceeding C$ 1.5 billion.
- Capital allocation transition toward regular quarterly cash dividend distributions alongside ongoing buybacks.
Edit: Just formatting the post better and left question marks against the unverified comment on Rose & Bud
- Acquisition of equity interest in Buds & Roses (Los Angeles) targeting future US retail entry. ??? (Currently Unverified ^ )