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thedalesreport.comAUG 156 min read$HITI

Raj Grover, CEO of High Tide, Weighs In On Q3

High Tide CEO Raj Grover discusses preliminary Q3 guidance on the Trade To Black podcast. The company (NASDAQ:HITI) expects revenue of CAD 195-200 million, gross profit CAD 51-53.5 million, and adjusted EBITDA CAD 15.2-16.5 million, with results due Sept. 14. Grover cites operating leverage and a CAD 40 million credit facility. The episode also covers Michigan’s proposed repeal of a 24% wholesale cannabis tax and consolidation signals from Curaleaf-Aurora.

Original reporting
thedalesreport.com
Published Aug 15, 2026, 1:10 AM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 16, 2026, 11:26 AM UTC. Informational, not investment advice.
How this was made
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Raj Grover, CEO of High Tide, Weighs In On Q3 — source image
Source · thedalesreport.com
Decision brief

The 30-second read

$HITIBullishMed
01

Why it matters

For High Tide, the actionable element is the disclosed preliminary Q3 guidance range plus financing flexibility, which can shift near-term expectations into the Sep 14 reporting date. For the sector, Michigan tax repeal efforts and the deal-wave narrative may affect margin assumptions and valuation support for cannabis M&A.

02

Market read

Preliminary Q3 guidance with specific ranges and a new credit facility are the main tradable inputs for High Tide ahead of full results.

03

What to watch

The article references Curaleaf-Aurora news and consolidation, but provides no deal terms or quantified synergy progress, limiting conviction on M&A read-through.

Relevance 7/10Novelty 6/10Timing: ahead of Sep 14 full Q3 results

Background

The podcast episode covers earnings-season updates and consolidation commentary, including a Michigan tax fight and High Tide’s preliminary Q3 outlook.

Company-level read

Ticker impact

$HITIBullishMedium confidence
Context

High Tide CEO Raj Grover provides preliminary Q3 guidance, with revenue CAD 195-200 million and adjusted EBITDA CAD 15.2-16.5 million.

Expected impact

Moderate positive bias into the Sep 14 full-results date, with volatility tied to how the guidance compares to Street expectations.

Evidence & confidence

The article discloses specific preliminary guidance ranges and financing details, which can move expectations ahead of the scheduled full earnings release, but it is not a finalized earnings print.

Market effects

Sector

Michigan’s proposed repeal of the 24% wholesale cannabis tax and the broader deal-wave framing may influence cannabis peers’ margin and M&A expectations.

Regional

Michigan policy risk could affect pricing and volumes in the cheapest legal cannabis market referenced.

Global

Germany Remexian shipment and share commentary reinforces cross-border scale narratives for Canadian cannabis operators.

Counterpoint

What could challenge this read

Preliminary guidance can be revised at full results; the credit facility may also signal ongoing balance-sheet sensitivity rather than strength.

Key entities

  • company
    High Tide

    NASDAQ-listed cannabis operator discussed via CEO Raj Grover’s preliminary Q3 guidance and financing details.

  • person
    Raj Grover

    High Tide founder and CEO providing preliminary Q3 guidance commentary.

  • person
    Michigan Representative James DeSana

    Filed HB 6224 to repeal the state’s 24% wholesale cannabis tax.

  • companies
    Curaleaf and Aurora

    Referenced in consolidation context as part of the Curaleaf-Aurora news discussion.

Read at source← All news

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