High Tide Inc.
2LYA.F
Frankfurt Stock Exchange1.95
EUR
+0.00
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High Tide Inc.
2LYA.F
(Frankfurt Stock Exchange)
Recent
price
1.95
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- High Tide Inc. is a retail-forward cannabis corporation primarily engaged in the manufacturing, distribution, and retail sale of cannabis products and smoking accessories. The company operates a diversified portfolio including bricks-and-mortar cannabis retail under the Canna Cabana brand, e-commerce platforms for consumption accessories and hemp-derived CBD products such as Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com, as well as cannabis lifestyle brands including NuLeaf Naturals, FAB CBD, Blessed CBD, Cabana Cannabis Co, Famous Brandz, Vodka Glass, Puff Puff Pass, Dopezilla, Atomik, Silipipe, and Evolution. High Tide's retail footprint is the largest in Canada, with over 210 physical Canna Cabana stores across provinces including Alberta, Ontario, British Columbia, Saskatchewan, and Manitoba, making it the second-largest cannabis retail brand globally. The company also incorporates automated retail innovation through Fastendr, a technology integrating retail kiosks and smart lockers to enhance the customer buying experience. High Tide derives substantial revenue from its Canadian operations, supplemented by emerging international markets including the United States and Europe. Founded in 2010, the company is headquartered in Calgary, Alberta, Canada. In terms of recent major developments, High Tide has aggressively expanded its geographic and operational reach. Notably, in 2025, it acquired a 51% majority stake in Remexian Pharma GmbH, a German pharmaceutical wholesaler specializing in medical cannabis, for approximately €26.4 million, positioning itself as a significant player in the European cannabis market. This acquisition broadens its revenue base beyond Canada and establishes a foothold in Europe, specifically targeting Germany's medical cannabis sector. Additionally, High Tide announced the expansion of its Canna Cabana retail network in Canada, opening 24 new stores year-to-date in 2025 and maintaining a target of 20-30 new stores for the year, further solidifying a 12% Canadian market share. The company also launched its first European retail location in Berlin in December 2025. High Tide continues to enhance its brand portfolio through strategic acquisitions, including the purchase of the Queen of Bud cannabis brand in Canada, aiming to broaden its consumer base and product offerings. The company maintains strong financial performance with record annual revenues exceeding $522 million in 2024 and positive cash flow generation. High Tide's growth strategy focuses on organic retail expansion, international market entry, brand acquisitions, and technological retail innovation. High Tide operates in the cannabis industry with vertically integrated business segments encompassing retail, distribution, and brand management. Its primary target markets include retail cannabis consumers in Canada and Europe, medical cannabis patients in Germany, and lifestyle consumers through e-commerce channels worldwide. The company continuously leverages consumer insights from its extensive retail operations and e-commerce platforms to drive M&A and organic growth initiatives, aiming to deliver value across the cannabis ecosystem globally. High Tide is publicly traded on Nasdaq (Ticker: HITI), the TSX Venture Exchange (HITI), and the Frankfurt Stock Exchange (2LYA).