High Tide Inc.
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See all $HITI insider activity →High Tide Inc. (HITI) acquired a cannabis store in Alberta for $670,000, increasing its total locations to 234. The store, at 100 Rainbow Road, will be rebranded under Canna Cabana. The purchase price is 2.1 times the store's annualized adjusted EBITDA of $316,000. High Tide operates the largest cannabis retail chain in Canada, according to the company.
High Tide Inc. (Nasdaq: HITI) plans to open its first Canna Cabana store in Peterborough, Ontario, pending regulatory approval, expanding its Canadian locations to 233. The company reported strong performance in Ontario, with average revenue 2.4 times the provincial peer average in June 2026. High Tide also granted 352,674 restricted share units to directors.
High Tide Inc. (HITI) reported Q3 revenue of C$198.8M, up 33% YoY, with operating income rising 133% to C$8.7M. Despite this, net cash from operations fell to C$10.1M from C$10.7M due to working capital changes. The company opened and acquired stores, and its German subsidiary saw revenue growth. However, same-store sales were flat, and working capital absorbed C$5.7M over nine months.
Recent HITI coverage spans earnings, financial news and mergers & acquisitions.
The deal modestly expands High Tide's footprint and adds EBITDA of $316k annualized, likely providing slight earnings uplift.
The new store adds modest incremental revenue and signals continued organic growth in Ontario.
Earnings beat on revenue and margin but cash flow weakness may pressure near-term valuation.
Strong earnings beat expectations, indicating robust growth and cash generation.
Strong cash generation and expansion plans may support near‑term price upside, while modest same‑store sales and inflation pressures temper upside.
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High Tide Inc. (HITI) acquired a cannabis store in Alberta for $670,000, increasing its total locations to 234. The store, at 100 Rainbow Road, will be rebranded under Canna Cabana. The purchase price is 2.1 times the store's annualized adjusted EBITDA of $316,000. High Tide operates the largest cannabis retail chain in Canada, according to the company.
1 min readHigh Tide Inc. (Nasdaq: HITI) plans to open its first Canna Cabana store in Peterborough, Ontario, pending regulatory approval, expanding its Canadian locations to 233. The company reported strong performance in Ontario, with average revenue 2.4 times the provincial peer average in June 2026. High Tide also granted 352,674 restricted share units to directors.
1 min readHigh Tide Inc. (HITI) reported Q3 revenue of C$198.8M, up 33% YoY, with operating income rising 133% to C$8.7M. Despite this, net cash from operations fell to C$10.1M from C$10.7M due to working capital changes. The company opened and acquired stores, and its German subsidiary saw revenue growth. However, same-store sales were flat, and working capital absorbed C$5.7M over nine months.
2 min readHigh Tide (HITI) reported Q3 2026 revenue of $198.8M, up 33% YoY, with record net income of $12.7M. Adjusted EBITDA rose 53% YoY to $16.2M. The company expanded its store count to 232 locations in Canada and saw significant growth in its German medical cannabis operations through Remexian. Management highlighted strong free cash flow and strategic plans for market expansion, while noting risks from macroeconomic uncertainty and competitive pressures.
2 min readHigh Tide reported Q3 earnings with CAD 7M in free cash flow, up 44% YoY. The company operates 232 Canna Cabana stores in Canada, with plans to add 20 more in 2026. Its German medical cannabis business, Remexian, saw a 35% sequential increase in sales. Management highlighted strong market share and growth in key regions, despite some operational challenges.
3 min readHigh Tide Inc. reported record Q3 2026 results: $199M revenue, $52.7M gross profit, $16.2M adjusted EBITDA, and $12.7M net income. Canna Cabana's market share grew to 14%. Revenue increased 33% YoY and 11% sequentially. Remexian distributed 10.2 tonnes of medical cannabis in Germany, up 62% YoY.
2 min readHigh Tide Inc. (HITI) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 High Tide Reports Record-Breaking Third Quarter 2026 Financial Results High Tide Inc., September 14, 2026 • RECORD Quarterly Revenue of $199 Million and Annualized Revenue Run Rate of Approximately $800 Million • RECORD Gross Profit of $52.7 Million • RECORD Adjusted
2 min readHigh Tide Inc. (HITI) plans to open three new Canna Cabana cannabis retail locations in Ontario and Saskatchewan, pending regulatory approval. The new stores will bring the total to 232 across Canada. The company aims to add at least 20 more locations by year-end, funded by internal cash flow. High Tide expects to report third-quarter financial results on September 14.
2 min readNational Bank Financial downgraded Nutrien Ltd. (NTR) to 'sector perform' due to valuation concerns, though its target price rose to $77. Cenovus Energy (CVE) was reaffirmed as 'outperform' with a $60 target. TD Cowen finds H&R REIT's (HR.UN) takeover bid 'underwhelming', lowering its target to $11. High Tide (HITI) was seen as having 'meaningful incremental value'.
2 min readHigh 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.
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