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High Tide Inc.

High Tide Inc.

HITI.V
High Tide Inc.CA flagToronto Stock Exchange Ventures
3.23
CAD
-0.02
- -
283.82MMarket Cap
High Tide Inc.
HITI.V
(Toronto Stock Exchange Ventures)

Recent

price

3.23

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.76
0.67
2.37
5.45
4.27
5.68
6.56
6.47
7.23
7.84
Revenue per Share
0.02
-0.34
-1.99
-0.46
-0.81
-1.14
-0.53
-0.05
-0.62
-0.51
Basic EPS, GAAP
0.08
-0.99
-1.88
0.4
-0.32
-0.07
0.2
0.32
0.16
0.17
Free Cash Flow per Basic Share
0.04
0.09
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.74
0.42
-0.03
-0.12
2.85
1.77
1.1
1.13
0.85
0.84
Book Value per Share
-0.74
1.71
-0.21
-0.41
0.23
0.26
0.41
0.65
-0.33
-0.26
Tangible Book Value per Share
13
13
13
15
42
63
74
81
82
86
Basic Weighted Avg Shares
10
9
31
83
181
357
488
522
594
671
Sales/Revenue/Turnover
10.98
-41.08
-62.47
1.65
-7.65
-5.64
-0.55
2.93
2.6
3.54
Operating Margin (%)
- -
- -
1
7
24
30
33
25
24
27
Depreciation Expense
- -
-5
-26
-7
-34
-72
-39
-4
-51
-44
Net Income, GAAP
47.22
- -
- -
- -
- -
- -
- -
- -
- -
100.13
Effective Tax Rate (%)
2.97
-51.66
-84.02
-8.37
-18.97
-20.11
-8.06
-0.83
-8.54
-6.56
Profit Margin (%)
-10
15
2
-8
6
4
11
24
37
41
Working Capital
- -
- -
20
28
43
43
40
39
121
130
LT Debt
-10
23
9
12
152
162
134
146
103
102
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
322.53
Return on Capital (%)
- -
- -
- -
- -
- -
-61.72
-40.63
-5
-63.11
-55.63
Return on Common Equity (%)

Capital Structure

FRC

•

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
355
253
283

Working Capital

FRC

•

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

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
179
- -
- -
- -

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
- -
- -
- -
- -
- -
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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

APIChatGPT

  • gurufocus.com

    High Tide to Open New Canna Cabana in Toronto, Ontario