$HITI

High Tide Inc.

AlphAI earnings readQ3 FY2026 · SEP 14High Tide Reports Record-Breaking Third Quarter 2026 Financial ResultsVerdict: strong

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High Tide (HITI) Q3 2026 Earnings Call Transcript

High 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.

High Tide Q3 Earnings Call Highlights

High 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.

High Tide Reports Record-Breaking Third Quarter 2026 Financial Results

High 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.

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Over the past 7 days, AlphAI's AI scored 4 news stories mentioning HITI (High Tide Inc.). Coverage has skewed bullish: 3 bullish, 1 neutral, and 0 bearish.

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$HITIMed

High Tide (HITI) Q3 2026 Earnings Call Transcript

High 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.

$HITIMed

High Tide Q3 Earnings Call Highlights

High 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.

$HITIMed

High Tide Inc. (HITI): Financial results for Q3 2026

High 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

High Tide Continues Canadian Expansion with Three New Canna Cabana Locations

High 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.

Tuesday’s analyst upgrades and downgrades

National 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'.

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.

HIGH TIDE CLOSES $40 MILLION SENIOR SECURED CREDIT FACILITIES

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.

$TSATMedAI 8/10

Small caps to watch: Telesat, MDA Space shares soar on deals, High Tide up on preliminary earnings and 5N falls on results

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. (HITI): Financial results for Q3 2026

High Tide Inc. (HITI) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 High Tide Announces Preliminary Q3 2026 Guidance The Company Expects Record Revenue, Gross Profit and Adjusted EBITDA Ahead of Analyst Forecasts The Company Also Announces Record Quarterly Distribution of Over 10 Tonnes of Medical Cannabis Flower Through Remexian Pha

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