High Tide, Inc.

High Tide, Inc.

2.37
EUR
+0.01
(+0.42%)
-0.33EPS
183.21MMarket Cap
Feb 01Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.76
0.67
2.37
5.45
4.27
5.68
6.56
6.36
7.23
7.8
Basic EPS, GAAP
0.02
-0.34
-1.99
-0.46
-0.81
-1.14
-0.53
-0.05
-0.62
-0.51
Free Cash Flow per Basic Share
0.08
-0.99
-1.88
0.4
-0.32
-0.07
0.2
0.31
0.16
0.17
Dividend per Share
0.04
0.09
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.74
1.78
0.69
0.64
2.71
2.2
1.75
1.77
1
1.01
Tangible Book Value per Share
-0.74
1.71
-0.19
-0.49
0.09
0.15
0.37
0.62
-0.48
-0.41
Basic Weighted Avg Shares
13
13
13
15
42
63
74
82
82
86
Sales/Revenue/Turnover
10
9
31
83
181
357
488
522
594
671
Operating Margin (%)
10.98
-41.08
-62.47
1.65
-7.65
-5.64
-0.55
2.93
2.6
3.54
Depreciation Expense
- -
- -
1
7
24
30
33
25
24
27
Net Income, GAAP
- -
-5
-26
-7
-34
-72
-39
-4
-51
-44
Effective Tax Rate (%)
47.22
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
2.97
-51.66
-84.02
-8.37
-18.97
-20.11
-8.06
-0.83
-8.54
-6.56
Working Capital
-10
15
2
-8
6
4
11
24
37
41
LT Debt
- -
- -
20
28
43
43
40
39
121
130
Total Equity
-10
23
9
12
152
162
134
146
103
102
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-159.76
-70.54
-43.66
-47.28
-27.31
-3.16
-43.96
-38.5

Capital Structure

CAD

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
ST Debt
28
27
18
LT Borrowings
81
82
83
LT Finance Leases
40
43
48
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
87
88
88
Market Capitalization
381
269
292

Working Capital

CAD

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
Total Current Assets
137
135
131
Cash, Cash Equivalents & STI
48
37
27
Accounts Receivable, Net
6
9
8
Inventories
67
67
72
Total Current Liabilities
100
94
90
Payables & Accruals
54
56
63
ST Debt
28
27
18
Deferred Revenue
8
5
3

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
233.04%
-29.36%
Free Cash Flow
- -
-156.1%
-48.76%
Net Income, GAAP
- -
287.56%
1,070.09%
Sales/Revenue/Turnover
- -
54.41%
13.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
128
124
132
138
522
2025
142
138
150
164
594
2026
178
179
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
-0.06
-0.05
2025
-0.03
-0.04
0.01
-0.52
-0.62
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Harkirat Grover
Full Time Employees
1,832
Sector
Retail trade
Industry
Specialty stores
Address
11127 - 15 Street NE Calgary AB Canada T3K 2M4
IPO Date
Jul 22, 2022
Business
High Tide Inc. stands as a prominent, retail-focused entity within the global cannabis sector, headquartered in Calgary, Canada, and founded in 2009. The company operates primarily through its extensive network of Canna Cabana retail cannabis stores across Canada, notably being the largest non-franchised cannabis retailer by revenue in the nation. High Tide's business model is characterized by its innovative discount club program, the Cabana Club, which had surpassed 1.9 million members in Canada by April 2025, driving significant customer loyalty and repeat business. This loyalty program is also active on its international e-commerce platforms. Beyond its physical retail footprint, which by November 2025 has reached 215 Canna Cabana locations across Canada, including a strong presence in Alberta and Ontario, High Tide also maintains a robust e-commerce segment. This includes a suite of leading online platforms for smoking accessories and CBD products such as Grasscity.com, SmokeCartel.com, DailyHighClub.com, and Dankstop.com, catering to a broad international customer base across the United States and Europe. High Tide’s operations are vertically integrated and diversified, encompassing not only retail and e-commerce but also the design, manufacturing, and wholesale distribution of consumption accessories, including proprietary brands. The company further provides data analytics services, leveraging insights from its vast customer base to refine its offerings and enhance customer experience. In a significant strategic move, High Tide announced its entry into the fast-growing German medical cannabis market by acquiring a majority stake in Remexian Pharma GmbH in September 2025, marking a pivotal step in its global expansion strategy and diversifying its revenue streams beyond Canada. The company consistently reports strong financial results, with record revenue and positive free cash flow, and has been recognized as one of Canada's Top Growing Companies for five consecutive years. High Tide continues its growth trajectory, aiming to expand its Canadian store count to 350 locations and its Cabana Club membership to 3 million.

Company News

  • High Tide Resources Reports Up to 68.2% Fe Concentrate with Very Low Impurities from Labrador West Iron Project

  • High Tide Acquires Established Cannabis Store in Chestermere, Alberta

  • High Tide to Open First Canna Cabana in Peterborough, Ontario

  • High Tide pairs a growth ranking with faster EBITDA gains

  • High Tide Named to Report on Business Ranking of Canada's Top Growing Companies for Sixth Consecutive Year

  • Retailer Insights Report Shows Canna Cabana Widening Its Lead Among Canadian Cannabis Retailers

  • High Tide Inc. (HITI:CA) Q3 2026 Earnings Call Transcript

  • High Tide Q3 Earnings Call Highlights

  • High Tide Reports Record-Breaking Third Quarter 2026 Financial Results

  • High Tide: German Expansion Just Added Another Bullish Catalyst

  • High Tide Continues Canadian Expansion with Three New Canna Cabana Locations

  • High Tide to Announce Third Fiscal Quarter 2026 Financial Results

  • High Tide Announces Voting Results of Annual General and Special Meeting of Shareholders

  • HIGH TIDE CLOSES $40 MILLION SENIOR SECURED CREDIT FACILITIES

  • High Tide Announces Preliminary Q3 2026 Guidance

  • High Tide Closes Acquisition of Northern Helm, Adding Four Retail Cannabis Stores in Ontario

  • High Tide to Open New Canna Cabana in Ottawa, Ontario

  • High Tide CEO Raj Grover Answered Shareholder Questions During Reddit AMA

  • High Tide Announces Adoption of New Shareholder Rights Plans

  • High Tide's German Subsidiary Remexian Pharma Showcases Exclusive Canadian Medical Cannabis Brand Partnerships at Mary Jane Berlin 2026