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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 | 568.25M | 522.31M | 487.67M | 356.85M | 181.12M | 83.27M |
| Gross Profit | 146.76M | 142.50M | 131.31M | 100.95M | 63.98M | 30.81M |
| EBITDA | 27.77M | 33.78M | -4.20M | -33.65M | -1.96M | 8.54M |
| Net Income | -9.80M | -4.34M | -39.31M | -70.85M | -35.04M | -6.35M |
Balance Sheet | ||||||
| Total Assets | 260.39M | 246.21M | 233.40M | 274.74M | 246.22M | 69.81M |
| Cash, Cash Equivalents and Short-Term Investments | 63.87M | 47.98M | 30.26M | 25.28M | 14.87M | 7.57M |
| Total Debt | 80.38M | 74.61M | 72.53M | 69.88M | 55.43M | 46.97M |
| Total Liabilities | 116.90M | 100.70M | 99.73M | 112.71M | 94.21M | 58.09M |
| Stockholders Equity | 141.40M | 143.27M | 131.56M | 156.35M | 147.21M | 10.17M |
Cash Flow | ||||||
| Free Cash Flow | 19.70M | 25.80M | 14.58M | -4.56M | -13.54M | 6.08M |
| Operating Cash Flow | 29.24M | 35.55M | 20.66M | 4.50M | -2.83M | 8.85M |
| Investing Cash Flow | -10.28M | -11.01M | -5.72M | -8.59M | -28.49M | -3.30M |
| Financing Cash Flow | 8.49M | -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 |
|---|---|---|---|---|---|---|---|
53 Neutral | C$405.87M | -1.95 | -43.99% | ― | -11.16% | -29.56% | |
52 Neutral | $324.05M | -30.69 | -6.77% | ― | 11.18% | 70.04% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | C$94.36M | -0.79 | -83.55% | ― | 2.19% | -91.41% | |
47 Neutral | C$655.86M | -0.64 | -60.19% | ― | -0.67% | 58.98% | |
47 Neutral | C$163.26M | -1.77 | ― | ― | 3.17% | -24.07% | |
40 Neutral | C$18.10M | -0.04 | ― | ― | 0.63% | -31.86% |
High Tide Corporate Events
High Tide Inc. marked 2025 as a transformational year, evolving from a domestic market leader into a global cannabis retailer while maintaining positive free cash flow and scaling its Canna Cabana footprint to 218 stores. The company entered the German medical cannabis market via a majority stake in Remexian Pharma, becoming one of that country’s largest importers and distributors of medical cannabis, and reported an annualized revenue run rate of $600 million and adjusted EBITDA run rate above $42 million, driven by robust same-store sales growth and strong sales per square foot. With more than 2.4 million Cabana Club members, including 139,000 ELITE members, and a 12% retail market share across the five Canadian provinces where it operates, High Tide reinforced its leadership in cannabis retail while expanding its white-label Queen of Bud product portfolio and earning repeated recognition on national growth and exchange rankings, underscoring its strengthening operational and financial position ahead of further international and potential U.S. expansion.
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 has welcomed a historic U.S. Executive Order that advances the rescheduling of cannabis and paves the way for a federal pilot program under which certain Medicare beneficiaries could receive CBD treatments at no cost, a move the company says underscores growing bipartisan support for more pragmatic cannabis and CBD policies. In response, High Tide is assessing a licensing-based entry for its flagship Canna Cabana retail brand into the U.S., while NuLeaf Naturals and FAB CBD are developing product lines tailored to potential Medicare Advantage supplemental benefits, leveraging their CGMP-certified, THC-free and broad-spectrum offerings to position for leadership in a Medicare-aligned CBD category. The company also disclosed that it has reengaged IR Agency to enhance investor relations and market communications, aiming to better connect with existing and prospective shareholders as it pursues long-term growth across both federally compliant CBD wellness and regulated cannabis markets.
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 expanding its Canna Cabana retail chain by opening three new locations in Calgary, London, and Brampton, bringing its total to 218 stores across Canada. This expansion highlights the company’s strategic growth in high-demand markets and its commitment to reaching its annual goals, reinforcing its position as a dominant player in the cannabis retail 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.
High Tide Inc. has opened its first international Canna Cabana store in Berlin, marking its entry into the European market. This move represents a strategic step in expanding its retail presence in Europe, particularly in Germany, which is Europe’s largest cannabis market. The Berlin store is part of High Tide’s broader strategy to capitalize on the growing demand for cannabis accessories and consumer lifestyle goods, positioning the company for future growth as Germany moves towards broader cannabis liberalization.
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 four new Canna Cabana locations in Alberta and Ontario, increasing its total store count to 215 across Canada. This expansion reflects the company’s strategic growth in key markets, enhancing its brand presence and market share while also granting stock options to employees to align with its growth objectives.
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 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.