$HITI

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.

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.