High Tide, Inc. ( (HITI) ) has released its Q3 earnings. Here is a breakdown of the information High Tide, Inc. presented to its investors.
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High Tide, Inc. is a leading cannabis retail company operating primarily in Canada, known for its innovative discount club model and significant presence in the cannabis market. In its latest earnings report for the third fiscal quarter of 2025, High Tide announced record revenue and adjusted EBITDA, alongside positive free cash flow and net income. The company reported a 14% year-over-year increase in revenue to $149.7 million and a gross profit of $40.1 million, marking significant growth in its core bricks-and-mortar segment. High Tide’s strategic acquisition of a majority stake in Remexian has positioned it as a key player in Germany’s medical cannabis market, further diversifying its revenue streams. The company continues to expand its retail footprint with new store openings and a growing membership base for its Cabana Club and ELITE loyalty programs. Looking ahead, High Tide aims to continue its growth trajectory by expanding its retail locations and enhancing its e-commerce performance, while leveraging its recent acquisition to strengthen its market position both domestically and internationally.