High Tide Inc.

High Tide Inc.

HITI
High Tide Inc.US flagNASDAQ Capital Market
2.32
USD
-0.07
- -
203.92MMarket Cap
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
6.47
7.23
7.56
Basic EPS, GAAP
0.02
-0.34
-1.99
-0.46
-0.81
-1.14
-0.53
-0.05
-0.62
-0.56
Free Cash Flow per Basic Share
0.08
-0.99
-1.88
0.4
-0.32
-0.07
0.2
0.32
0.16
0.22
Dividend per Share
0.04
0.09
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.74
0.42
-0.03
-0.12
2.85
1.77
1.1
1.13
0.85
0.87
Tangible Book Value per Share
-0.74
1.71
-0.21
-0.41
0.23
0.26
0.41
0.65
-0.33
-0.3
Basic Weighted Avg Shares
13
13
13
15
42
63
74
81
82
83
Sales/Revenue/Turnover
10
9
31
83
181
357
488
522
594
630
Operating Margin (%)
10.98
-41.08
-62.47
1.65
-7.65
-5.64
-0.55
2.93
2.6
2.86
Depreciation Expense
- -
- -
1
7
24
30
33
25
24
26
Net Income, GAAP
- -
-5
-26
-7
-34
-72
-39
-4
-51
-47
Effective Tax Rate (%)
47.22
- -
- -
- -
- -
- -
- -
- -
- -
7.66
Profit Margin (%)
2.97
-51.66
-84.02
-8.37
-18.97
-20.11
-8.06
-0.83
-8.54
-7.42
Working Capital
-10
15
2
-8
6
4
11
24
37
41
LT Debt
- -
- -
20
28
43
43
40
39
121
125
Total Equity
-10
23
9
12
152
162
134
146
103
102
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
26.72
Return on Common Equity (%)
- -
- -
- -
- -
- -
-61.72
-40.63
-5
-63.11
-58.04

Capital Structure

FRC

in mil. unless spec.
Jul'25
Oct'25
Jan'26
ST Debt
20
28
27
LT Borrowings
30
81
82
LT Finance Leases
30
40
43
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
82
87
88
Market Capitalization
246
353
253

Working Capital

FRC

in mil. unless spec.
Jul'25
Oct'25
Jan'26
Total Current Assets
104
137
135
Cash, Cash Equivalents & STI
64
48
37
Accounts Receivable, Net
4
6
9
Inventories
31
67
67
Total Current Liabilities
56
100
94
Payables & Accruals
23
54
56
ST Debt
20
28
27
Deferred Revenue
6
8
5

Growth Rates

FRC

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

FRC

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

Company Description

APIChat
CEO
Harkirat Grover
Full Time Employees
1,750
Sector
Healthcare
Industry
Medical - Pharmaceuticals
Address
11127 - 15 Street NE Calgary AB Canada T3K 2M4
IPO Date
Jan 8, 2021
Business
High Tide Inc. (HITI) operates as a leading retail-focused cannabis company, primarily engaging in the sale of recreational cannabis products and consumption accessories through bricks-and-mortar stores and e-commerce platforms across Canada, the United States, Europe, and select international markets. The company manages over 200 Canna Cabana retail stores in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, offering cannabis flower, edibles, concentrates, vapes, and accessories via its pioneering discount club model, Cabana Club, with over 1.9 million members and Cabana ELITE paid memberships; it also operates two Meta Cannabis Supply Co. stores. High Tide's e-commerce segment includes global platforms such as Grasscity, the world's oldest online headshop founded in 2000; Smoke Cartel, a leading retailer of vaporizers, dab rigs, and CBD; Daily High Club with subscription boxes; DankStop for trending accessories; NuLeaf Naturals and FAB CBD for hemp-derived cannabinoid products including oils, tinctures, gummies, and creams; Blessed CBD in the U.K.; and wholesale through Valiant Distribution and in-house manufacturing via Famous Brandz and Queen of Bud white-label cannabis. Additionally, Fastendr proprietary kiosks enhance retail efficiency, while data analytics services support operations. Founded in 2009 and headquartered at 11127 15th Street NE, Unit 112, Calgary, Alberta, Canada, High Tide expanded internationally with the August 2025 closing of its acquisition of a 51% majority stake in Germany's Remexian Pharma GmbH for approximately €27.2 million, adding C$100 million in annual revenue from medical cannabis distribution and positioning the company for further European growth; recent store openings include its 200th Canna Cabana in Sherwood Park, Alberta, and new locations in Toronto and Winnipeg as of June 2025.

Company News

APIChat
  • High Tide to Announce Second Fiscal Quarter 2026 Financial Results

  • High Tide Resources Outlines 2026 Exploration and Technical Program for Labrador West Iron Project

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

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

  • High Tide Announces Purchases of Shares by Insiders

  • High Tide Reports Record Quarterly Distribution of 7.6 Tonnes of Medical Cannabis Through Remexian Pharma GmbH, Accelerating German Market Leadership

  • High Tide Executes a Term Sheet for $40MM of Credit Facilities with a Big 5 Canadian Chartered Bank As its New Senior Lender

  • Forget SNDL: HITI is a Significantly Better Cannabis Stock

  • Cannabis ETFs: Regulatory Momentum Returns Focus

  • High Tide Announces Proactive Steps to Investigate and Address Potential Manipulation of Its Common Shares

  • High Tide Celebrates 4/20 with New Canna Cabana in Caledonia, Ontario

  • High Tide to Present at Several Major International Cannabis and Investor Conferences

  • Canada's Seal Harvest Begins Today With a High Tide of Optimism

  • Varex Imaging (NASDAQ:VREX) versus High Tide (NASDAQ:HITI) Financial Survey

  • High Tide Subsidiary NuLeaf Naturals Pursues Participation in U.S. Medicare CBD Pilot Launching Today

  • High Tide (NASDAQ:HITI) and Avivagen (OTCMKTS:VIVXF) Financial Comparison

  • Lantheus (NASDAQ:LNTH) & High Tide (NASDAQ:HITI) Financial Contrast

  • High Tide Resources Announces Closing of Concurrent Non-Brokered Private Placements for Gross Proceeds of $8.3 Million

  • High Tide: Remexian Recovers, Canna Cabana Momentum Fair

  • High Tide Inc. (HITI:CA) Q1 2026 Earnings Call Transcript