$HITI

High Tide Inc. (Nasdaq: HITI, TSXV: HITI) said it closed C$40 million in senior secured credit facilities with Bank of Montreal. The package includes a C$25 million committed revolving facility and a C$15 million delayed-draw term loan to refinance C$15 million second-lien debentures. It repaid and terminated its prior ConnectFirst Credit Union facility.

Small-cap stocks moved on deal and earnings news. MDA Space (MDA-T) rose after it will supply Telesat Lightspeed satellites for Telesat (TSAT-T), tied to a $2.3B Arctic military Ka-band contract. High Tide (HITI-X) jumped on Q3 guidance: revenue $195M-$200M and adj. EBITDA $15.2M-$16.5M. 5N Plus (VNP-T) fell after mixed Q2 results and lower backlog.

High Tide Inc. (Nasdaq: HITI) issued preliminary guidance for its fiscal Q3 ended July 31, 2026, expecting record revenue, gross profit and adjusted EBITDA, with year-over-year growth of at least 30%, 27% and 43%, respectively. It also reported Remexian Pharma distributed over 10 tonnes of medical cannabis in Germany, up 33% sequentially and 60% year over year. Full results are due Sept. 14, 2026.

High Tide Inc. (Nasdaq: HITI) said it completed its acquisition of J. Supply Holdings Inc., operating as Northern Helm, adding four Ontario retail cannabis stores. The deal values the stores at $7.77 million, including $3.06 million in assumed debt, with part paid in cash and 921,486 High Tide shares. Stores generated annualized revenue of $8.5 million and annualized Adjusted EBITDA of $1.7 million.

High Tide Inc. (Nasdaq: HITI; TSXV: HITI) said its board approved a Temporary Shareholder Rights Plan and an amended and restated shareholder rights plan, via agreements with Olympia Trust Company as rights agent. The plans aim to support cannabis-license compliance and protect against unsolicited takeovers. The amended plan would run three years if shareholders ratify it; TSXV acceptance is pending conditions.

Canopy Growth reported Q4 FY2026 net revenue of C$71.2 million (+10% YoY) and full-year revenue of C$284.6 million (+6%). Canada medical revenue rose 27% to C$25.3 million and international revenue rose 68% to C$8.6 million. Canopy ended FY2026 with C$131.3 million net cash and expects positive Adjusted EBITDA in FY2027. High Tide agreed to buy four Ontario stores for C$7.74 million, adding to 228 Canna Cabana locations in Canada and 103 in Ontario, pending TSXV and AGCO approvals.

TD Securities initiated coverage of High Tide Inc. (HITI) with a Buy rating and C$6.50 price target, naming it their top cannabis pick due to strong market share, sales growth, and a rapidly expanding loyalty program. The company recently opened a new Canna Cabana location, bringing its total to 219 stores across Canada. High Tide operates in retail, e-commerce, and medical cannabis distribution, and is held by 10 hedge funds.

High Tide Inc. (NASDAQ:HITI) experienced a significant 33.4% decrease in short interest during January, totaling 264,016 shares by January 15th, which represents about 0.3% of its shares sold short. This decline, alongside increased institutional investment from firms like Millennium Management and Bank of America, suggests a shift in investor sentiment for the cannabis retailer. Despite institutional activity, the company's recent quarterly earnings reported revenue of $117.02 million, missing analyst estimates, and showed negative net margin and return on equity.

This article examines High Tide Inc (HITI), a cannabis retailer whose stock is gaining quiet attention amidst a volatile cannabis market. It explores the company's business model, focusing on its retail footprint, accessories, and e-commerce presence as potential differentiators from other cannabis stocks. The piece also weighs the hype against the risks, positioning HITI as a high-risk, potentially high-reward investment for those seeking exposure to cannabis retail with a focus on real revenue and fundamentals.

High Tide Inc. recently filed agreements outlining how certain stakeholders will vote and interact with the company, formalizing governance around its cannabis retail and e-commerce expansion. While not a major financial event, these "Voting Support and Standstill Agreements" aim to reduce boardroom disruption and provide clarity on control, which could be helpful given recent share price weakness. However, the core risks around profitability and regulation for High Tide remain, despite the governance clean-up.