Top Page
High Tide
(NASDAQ:HITI)
High Tide (HITI) vs. iShares MSCI Canada ETF (EWC)
High Tide Business Overview & Revenue Model
High Tide Earnings Call Summary
High Tide Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 550.25M | 522.31M | 487.67M | 356.85M | 181.12M | 83.27M |
| Gross Profit | 142.12M | 142.50M | 131.31M | 100.95M | 63.98M | 30.81M |
| EBITDA | 27.74M | 33.78M | -4.20M | -33.65M | -1.96M | 8.54M |
| Net Income | -9.68M | -4.34M | -39.31M | -70.85M | -35.04M | -6.35M |
Balance Sheet | ||||||
| Total Assets | 231.98M | 246.21M | 233.40M | 274.74M | 246.22M | 69.81M |
| Cash, Cash Equivalents and Short-Term Investments | 34.99M | 47.98M | 30.26M | 25.28M | 14.87M | 7.57M |
| Total Debt | 63.42M | 74.61M | 72.53M | 69.88M | 55.43M | 46.97M |
| Total Liabilities | 90.07M | 100.70M | 99.73M | 112.71M | 94.21M | 58.09M |
| Stockholders Equity | 140.06M | 143.27M | 131.56M | 156.35M | 147.21M | 10.17M |
Cash Flow | ||||||
| Free Cash Flow | 14.03M | 25.80M | 14.58M | -4.56M | -13.54M | 6.08M |
| Operating Cash Flow | 24.80M | 35.55M | 20.66M | 4.50M | -2.83M | 8.85M |
| Investing Cash Flow | -11.57M | -11.01M | -5.72M | -8.59M | -28.49M | -3.30M |
| Financing Cash Flow | -14.08M | -7.72M | -9.26M | 15.17M | 37.81M | 1.17M |
High Tide Technical Analysis
High Tide Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $260.13M | ― | -6.82% | ― | 9.22% | 73.50% | |
52 Neutral | $7.53B | 0.20 | -61.87% | 2.28% | 16.72% | 1.10% | |
46 Neutral | C$21.39M | ― | 366.78% | ― | -39.00% | -11.21% | |
| $188.87M | 21.18 | 4.76% | ― | ― | ― | ||
| $255.31M | 96.41 | 3.05% | ― | ― | ― | ||
| $19.71M | ― | -16.22% | ― | ― | ― | ||
56 Neutral | C$165.76M | ― | -38.89% | ― | -6.80% | 11.94% |
High Tide Corporate Events
High Tide Inc. announced the opening of two new Canna Cabana retail locations in Winnipeg and Toronto, expanding its footprint to 202 stores across Canada. The Winnipeg store, located in a high-traffic area with limited competition, and the Toronto store, situated in a bustling mixed-use mall, are expected to enhance the company’s market presence in these high-potential provinces. The expansion aligns with High Tide’s strategy to reinvest cash flows into growth, leveraging its successful discount club model and loyalty ecosystem. The company’s CEO highlighted the support from Manitoba’s government in maintaining a responsible cannabis retail environment.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. announced a new ‘Buy Local’ initiative to be launched in its Canna Cabana stores across Canada, starting June 24, 2025. This initiative aims to promote locally grown and produced cannabis products by providing dedicated shelf space for them in each store. The move is designed to support local producers and offer customers more choices, potentially enhancing High Tide’s community engagement and market positioning.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. reported strong financial results for the second fiscal quarter of 2025, generating $4.9 million in free cash flow and achieving a 6.2% year-over-year increase in daily same-store sales across its Canna Cabana network. The company is in exclusive discussions with a leading German medical cannabis importer and wholesaler, marking a strategic move towards entering the German market. High Tide’s Cabana Club membership has grown to 1.9 million members, with its ELITE memberships surpassing 97,000. The company continues to expand its product offerings and maintains its position as the highest revenue-generating cannabis company reporting in Canadian dollars. This growth and strategic expansion into the German market highlight High Tide’s strengthening position in the global cannabis industry.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. announced it will release its financial and operational results for the second fiscal quarter of 2025 on June 16, 2025. Following the release, a webcast will be hosted by the company’s CEO and CFO to discuss the results and future outlook. This announcement is significant for stakeholders as it provides insights into the company’s performance and strategic direction in the competitive cannabis industry.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. announced the results of its annual general and special meeting of shareholders, where all nominees for the board of directors were elected, and key resolutions were approved, including the appointment of auditors and a Shareholder Rights Plan. These decisions reflect the company’s strategic direction and governance stability, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. has announced the opening of its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, marking a significant milestone for the company. This expansion reflects High Tide’s strategic growth approach, focusing on high-traffic locations and sustainable value creation, avoiding the store closures seen in the sector. The company’s growth has been largely self-funded and driven by its loyal customer base, positioning High Tide for continued expansion in the Canadian market.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. has announced the opening of two new Canna Cabana retail cannabis stores in Brantford, Ontario, and Calgary, Alberta, increasing its total store count to 199 across Canada. The Brantford location is strategically positioned in a busy shopping plaza with national co-tenants, while the Calgary store benefits from a lack of nearby competition, offering strong market capture potential. These openings align with High Tide’s strategy to expand its physical presence in promising markets, as the company nears the milestone of 200 locations nationwide.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. announced the opening of a new Canna Cabana store in Cornwall, Ontario, expanding its footprint to 197 locations across Canada. This strategic expansion, supported by free cash flow and a focus on high-quality real estate, aims to capitalize on the growing demand in Cornwall’s east end, a high-traffic area with minimal competition. The company anticipates reaching its 200th store milestone by the end of May, highlighting its disciplined, demand-driven growth strategy.
High Tide Inc. reported approximately CAD $6.8 million in retail sales during the ‘4/20’ long weekend, marking a 10% increase from the previous week. The company also completed its largest-ever 4/20 giveaway, awarding a $100,000 cash prize to an ELITE member from Winnipeg. This event highlights the company’s strong sales momentum and successful customer-first strategy, positioning Canna Cabana as a leading retail brand for cannabis enthusiasts in Canada. Additionally, High Tide granted 136,000 incentive stock options to employees, consultants, and management, reflecting its commitment to rewarding and motivating its workforce.
High Tide Inc. has announced a change in its auditing firm, transitioning from Ernst & Young LLP to Davidson & Company LLP, effective April 17, 2025. This change, made at the company’s request and approved by its board of directors, is part of its continuous efforts to enhance its operational efficiency. The transition is not expected to impact the company’s financial reporting, as there were no reservations or modified opinions in previous audits. This move reflects High Tide’s proactive approach to maintaining robust financial practices, potentially strengthening its position in the competitive cannabis industry.
High Tide Inc. has opened a new Canna Cabana store in Cochrane, Alberta, marking its 196th location in Canada and 85th in Alberta. This expansion is strategically positioned to serve over 8,000 residents with no nearby cannabis retail competition, enhancing High Tide’s market presence in the region. Additionally, the company is progressing in its efforts to enter the German medical cannabis market, leveraging its substantial Canadian sales history to become a major importer and distributor in Germany, which could significantly impact its international growth and stakeholder interests.
High Tide Inc. announced the opening of a new Canna Cabana retail cannabis store in Kitchener, Ontario, increasing its total store count to 195 locations across Canada. Positioned in a high-visibility area with strong growth potential, the new store aims to capitalize on a young, growing population and nearby residential developments. Despite macroeconomic challenges, High Tide remains committed to disciplined growth and maximizing free cash flow, with a focus on building a resilient business. Additionally, the company has adopted a shareholder rights plan to ensure compliance with cannabis laws and protect shareholder interests in the event of unsolicited take-over bids.