High Tide Reports Strong Growth and Expansion Plans

High Tide, Inc. ( (HITI) ) has released its Q2 earnings. Here is a breakdown of the information High Tide, Inc. presented to its investors.

High Tide, Inc. is a prominent cannabis retail company operating primarily in Canada, known for its extensive network of Canna Cabana stores and a strong focus on customer loyalty programs. In its latest earnings report, High Tide announced a significant milestone of operating 200 Canna Cabana locations across Canada, maintaining its position as the largest cannabis retail brand in the country. The company also reported a revenue of $137.8 million for the second fiscal quarter of 2025, marking an 11% increase year over year. Despite a net loss of $2.8 million, High Tide generated $4.9 million in free cash flow, showcasing its ability to maintain positive cash flow amidst market challenges. Key highlights include a 6.2% increase in daily same-store sales and a 33% growth in Cabana Club membership, reaching 1.9 million members in Canada. The company is also in exclusive discussions for a strategic entry into the German medical cannabis market, indicating its global expansion ambitions. Looking ahead, High Tide remains optimistic about its growth prospects, aiming to add 20-30 new locations in 2025 and expand its loyalty programs further, while continuing to explore international opportunities.