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.
How this was made
The 30-second read
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.
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.
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.
Background
The podcast episode covers earnings-season updates and consolidation commentary, including a Michigan tax fight and High Tide’s preliminary Q3 outlook.
Ticker impact
High Tide CEO Raj Grover provides preliminary Q3 guidance, with revenue CAD 195-200 million and adjusted EBITDA CAD 15.2-16.5 million.
Moderate positive bias into the Sep 14 full-results date, with volatility tied to how the guidance compares to Street expectations.
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
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.
Michigan policy risk could affect pricing and volumes in the cheapest legal cannabis market referenced.
Germany Remexian shipment and share commentary reinforces cross-border scale narratives for Canadian cannabis operators.
Counterpoint
Preliminary guidance can be revised at full results; the credit facility may also signal ongoing balance-sheet sensitivity rather than strength.
Key entities
- companyHigh Tide
NASDAQ-listed cannabis operator discussed via CEO Raj Grover’s preliminary Q3 guidance and financing details.
- personRaj Grover
High Tide founder and CEO providing preliminary Q3 guidance commentary.
- personMichigan Representative James DeSana
Filed HB 6224 to repeal the state’s 24% wholesale cannabis tax.
- companiesCuraleaf and Aurora
Referenced in consolidation context as part of the Curaleaf-Aurora news discussion.
