Top Page
High Tide
(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 |
|---|---|---|---|---|---|---|---|
| ― | C$300.89M | 74.67 | 1.86% | ― | 38.86% | ― | |
| ― | $384.16M | ― | -6.77% | ― | 11.18% | 70.04% | |
| ― | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
| ― | C$35.14M | -6.98 | ― | ― | -47.10% | -19.32% | |
| ― | C$393.48M | ― | -0.70% | ― | 28.42% | 48.33% | |
| ― | $31.56M | -3.59 | -19.58% | ― | 17.74% | 37.61% | |
| ― | C$406.71M | ― | -45.36% | ― | -12.25% | -47.36% |
High Tide Corporate Events
High Tide Inc. announced the opening of a new Canna Cabana retail cannabis store in Hamilton, Ontario, expanding its presence to 211 locations across Canada. This strategic location in a high-traffic area is expected to attract significant local and commuter demand, reinforcing High Tide’s commitment to the Hamilton market and its value-driven retail model.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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. is celebrating the four-year anniversary of its Cabana Club discount model, which has proven resilient and profitable in the Canadian cannabis market. The company is raising its long-term targets to 3 million Cabana Club members and 350 Canna Cabana locations across Canada. Canna Cabana has been named Canada’s most recognizable cannabis retailer, with a significant market presence and consumer awareness. The company’s innovative discount club model has driven substantial growth, with membership increasing by 800% to 2.2 million members. High Tide’s strategic focus on value and community has resulted in a 12% market share in the provinces where it operates, and it continues to expand its footprint and influence in the industry.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$7.50 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 been recognized for the fifth consecutive year as one of Canada’s Top Growing Companies by the Report on Business, ranking 182nd with a three-year revenue growth rate of 188%. This achievement underscores the company’s successful retail model and loyal customer base. Additionally, High Tide’s recent acquisition of Remexian marks its entry into Europe’s largest cannabis market, which is expected to enhance its revenue profile and international presence, offering new opportunities for long-term growth.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$7.25 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 three new Canna Cabana locations in Ontario and Alberta, increasing its total store count to 210 across Canada. This expansion is part of High Tide’s strategy to self-fund growth through its profits, targeting high-growth markets with significant revenue potential. The new locations in North York, Etobicoke, and Fort McMurray are strategically positioned to maximize visibility and accessibility, catering to both local residents and visitors, and are expected to enhance the company’s market presence and operational reach.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$7.25 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
On September 1, 2025, High Tide Inc. completed the acquisition of 51% of Remexian Pharma GmbH for approximately €26.4 million. This strategic acquisition, which includes an option to acquire the remaining interest in Remexian, is expected to enhance High Tide’s market position and operational capabilities in the pharmaceutical sector. The transaction was structured with a combination of cash, common shares, and loans, and reflects High Tide’s growth strategy to expand its footprint in the cannabis and pharmaceutical markets.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
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.
High Tide Inc. reported its financial results for the third fiscal quarter of 2025, showcasing record revenue and adjusted EBITDA, alongside positive free cash flow and net income. The company achieved a 14% year-over-year revenue increase, driven by its innovative discount club model and strong same-store sales growth. High Tide’s acquisition of a majority stake in Remexian positions it as a leader in Germany’s medical cannabis market, further diversifying its revenue streams and strengthening its market position. The company’s Canna Cabana brand maintained its status as the largest cannabis retail brand in Canada, with significant growth in membership and market share.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
High Tide Inc. released its condensed interim consolidated financial statements for the three and nine months ended July 31, 2025, showing a significant increase in total assets to $260.4 million from $246.2 million in 2024. This financial growth highlights the company’s successful expansion and operational strategies, potentially strengthening its position in the cannabis retail market.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$8.00 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 that its executives will present at several upcoming investor conferences, highlighting the company’s growth and strategic milestones. The acquisition of a majority stake in Remexian has strengthened High Tide’s position in Germany’s medical cannabis market, while its expansion in Canada continues with plans to surpass 300 Canna Cabana stores. These developments, along with the success of its loyalty-driven discount club model, underscore High Tide’s competitive edge and long-term potential in the global cannabis sector.
The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$8.00 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 completed the acquisition of a 51% stake in Remexian Pharma GmbH for approximately €26.4 million, marking its expansion into the European cannabis market. This strategic move positions High Tide as a global cannabis company, diversifying its revenue base beyond Canada and paving the way for expansion across Europe’s regulated cannabis markets. The acquisition is expected to enhance High Tide’s long-term global leadership in the industry.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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.
On August 14, 2025, High Tide Inc. completed a significant transaction involving the purchase of GmbH shares in Berlin. This acquisition, formalized through a notarized agreement, is part of High Tide’s strategic efforts to enhance its market position and operational capabilities. The deal reflects the company’s ongoing commitment to growth and expansion within the cannabis sector, potentially impacting its stakeholders by increasing its market share and competitive edge.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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. is set to expand its Canna Cabana retail presence in Ontario with two new store openings in Burlington and London, increasing its total to 207 locations across Canada. These strategic openings are part of High Tide’s efforts to strengthen its national footprint and position itself as a global cannabis leader, with the Burlington store benefiting from a prime commercial location and the London store poised to capture growth in a developing high-income neighborhood.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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.
On August 12, 2025, High Tide Inc. announced a material change by entering into an agreement with an IR Agency to provide investor relations services. This agreement, effective from August 14, 2025, aims to improve communication with shareholders and the financial community through various activities, including media distribution and digital community building. The IR Agency, based in Newark, New Jersey, will receive a fee of USD $140,000 for its services, which aligns with TSX Venture Exchange policies. This strategic move is expected to strengthen High Tide’s industry positioning and enhance its engagement with stakeholders.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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 two new Canna Cabana locations in Saskatoon, Saskatchewan, and Lasalle, Ontario, on August 18 and August 25, 2025, respectively. These openings increase the company’s total store count to 205 across Canada, enhancing its market presence and accessibility of cannabis products. The Saskatoon location benefits from high visibility and minimal competition, while the Lasalle store is strategically positioned in a new retail hub, serving a significant local population. This expansion aligns with High Tide’s mission to make cannabis more accessible and affordable, and positions the company for further growth opportunities in Canada and internationally.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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 released preliminary guidance for its third fiscal quarter of 2025, anticipating record revenue and adjusted EBITDA surpassing analyst forecasts. The company expects a significant increase in same-store sales growth, marking its fastest rate in two years. This growth is attributed to its strong Canadian operations and recent expansion into Germany through the acquisition of Remexian Pharma GmbH. These developments position High Tide as a burgeoning global cannabis powerhouse, highlighting its underappreciated core business and strategic international growth.
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. is expanding into the German medical cannabis market by acquiring a 51% stake in Remexian Pharma GmbH, a leading pharmaceutical company in Germany known for its importation and wholesale of medical cannabis. This strategic acquisition, valued at approximately €27.2 million, positions High Tide to leverage its Canadian procurement expertise to increase the Canadian share of medical cannabis imports into Germany. With the German medical cannabis market rapidly growing, this move is expected to significantly strengthen High Tide’s financials and establish a strong foothold in Germany, serving as a springboard into other European markets. The acquisition aligns with High Tide’s goal to provide high-quality medical cannabis at affordable prices, enhancing its industry positioning and offering growth opportunities for stakeholders.
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 several corporate updates, including progress on a major transaction with a German medical cannabis importer, which is expected to significantly advance its global growth strategy. Additionally, the company has appointed Sri Pavithra Priyalakshmi as Vice President of Digital and eCommerce to drive its digital initiatives, and it will participate in the Canaccord Genuity’s 45th Annual Growth Conference. Furthermore, High Tide has filed a final base shelf prospectus to enable flexible financing opportunities, allowing the company to raise up to C$100 million over the next 25 months, which will support its corporate growth and expansion plans.
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 opened a new Canna Cabana retail store in Drayton Valley, Alberta, marking its 203rd location in Canada. This expansion is part of High Tide’s strategy to deepen its presence in high-demand markets, with the Drayton Valley store strategically positioned to capitalize on the area’s growing economy. The company also announced the grant of stock options to employees, reflecting its commitment to growth and employee engagement.
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.