High Tide Inc. reports developments tied to its cannabis retail, e-commerce and cannabinoid products businesses. The company operates Canna Cabana stores across several Canadian provinces, uses a discount club retail model, and owns online platforms for consumption accessories and hemp-derived CBD products. News commonly covers store openings, financial results, customer-loyalty activity, and the operating performance of its bricks-and-mortar and e-commerce segments.
High Tide updates also address subsidiaries and international activities, including NuLeaf Naturals in U.S. hemp-derived CBD products and Remexian in Germany. Recurring corporate items include financing arrangements, insider ownership, conference participation, governance matters, and company statements related to the trading of its common shares on Nasdaq, TSXV and other markets.
High Tide (HITI) completed the acquisition of an established cannabis store in Chestermere, Alberta, for $670,000 in cash. The arm's-length transaction closed on October 8, 2026, with the full purchase price paid at closing. The price represents 2.1 times the store's annualized Adjusted EBITDA, a non-standard earnings measure, of approximately $316,000 for the three months ended August 31, 2026.
The store at 100 Rainbow Road will be rebranded as Canna Cabana, bringing High Tide's Canadian network to 234 locations, including 93 in Alberta. It sits along a main road used by local residents and Calgary commuters, beside a grocer and liquor store. High Tide described the acquired store as cash-flowing and said it had waited for a location and purchase economics that met its criteria.
High Tide (HITI) expects to open its first Canna Cabana store in Peterborough, Ontario, on October 15, 2026, pending regulatory approval. The location at 400 Lansdowne Street East would bring its Canadian store count to 233, including 107 in Ontario. Established Ontario stores generated average revenue of 2.4 times the provincial peer average in June 2026.
The company plans to fund organic growth with business-generated cash and pursue acquisitions selectively based on fit and financial returns. Its board also approved 352,674 restricted share units for certain directors. These share-based awards vest 12 months after the grant date, with each entitling its holder to one common share upon vesting, subject to the plan and grant agreement.
High Tide (HITI) placed No. 315 on the 2026 Report on Business ranking of Canada's Top Growing Companies.
It was the company's sixth consecutive year on the list, which included 375 companies. Verified revenue growth was 66% over the 2022 to 2025 measurement period. Adjusted EBITDA, a non-IFRS measure, rose 161% during the same period.
High Tide (HITI) reported that its Canna Cabana retail chain ranked first among Canadian cannabis retailers in Q3 2026 brand awareness and key shopping metrics in a Rebel & Thorn consumer report.
Nationally, 36% of cannabis consumers were aware of Canna Cabana, up from 29% in Q3 2025 and 11% in Q4 2021, versus 25% for the next retailer. Canna Cabana led brand awareness in every measured region, with 55% in Alberta and 42% in Ontario. Overall, 23% of consumers said they shop most often at Canna Cabana, more than double the 11% for the next competitor, and 27% of daily consumers named it their primary retailer, with daily users making up 37% of its primary shoppers. High Tide also granted 103,000 employee stock options, vesting over two years and expiring three years from grant.
High Tide (HITI) reported record Q3 2026 revenue and profitability growth across key metrics on September 14, 2026.
Revenue reached a record $198.8 million, up 33% year over year and 11% sequentially, marking a fifth consecutive quarterly high. Gross profit was a record $52.7 million, up 32% with gross margin stable at 27%. Adjusted EBITDA hit a record $16.2 million, up 53% year over year and 17% sequentially, with an 8.2% margin, the highest in 12 quarters. Net income rose to a record $12.7 million versus $0.8 million a year earlier, while cash flow from operations before working capital was a record $11.9 million, supporting free cash flow of $7.0 million.
Canna Cabana held a 14% market share in its Canadian provinces (ex-BC) with 232 stores, and Remexian generated record German medical cannabis revenue of $38.2 million. Cash and equivalents were $47.1 million, and the company closed new $40 million senior secured credit facilities with Bank of Montreal.
High Tide (Nasdaq/TSXV: HITI) plans to expand its Canadian retail footprint with three new Canna Cabana stores in Lindsay and Orléans, Ontario, and Regina, Saskatchewan, expected to open between September 2 and 5, 2026, pending regulatory approval.
Once operational, these openings will increase High Tide's Canna Cabana network to 232 stores in Canada, including 105 in Ontario and 14 in Saskatchewan. According to High Tide, all 2026 additions, with a goal of at least 20 new Cabanas, are to be funded from internally generated cash flow.
High Tide (Nasdaq/TSXV: HITI) will release its financial and operational results for the third fiscal quarter ended July 31, 2026 after market close on Monday, September 14, 2026. Results will be available on SEDAR+, EDGAR and the company’s investor website.
According to High Tide, management will host a webcast with CEO Raj Grover and CFO Mayank Mahajan at 11:30 AM Eastern Time on Tuesday, September 15, 2026 to discuss the quarter and outlook for the remainder of the fiscal year. Investors can access and pre-register for the webcast at https://app.webinar.net/4WqyjMOJnKb, where a replay will also be available approximately three hours after the live event. A North American toll-free line (1-888-510-2154) and a Germany toll-free line (498005889782) will allow participants to ask questions during the event.
High Tide (Nasdaq: HITI; TSXV: HITI; FSE: 2LYA) reported the voting results of its August 11, 2026 annual general and special shareholders meeting. All five management nominees — Harkirat (Raj) Grover, Christian Sinclair, Arthur Kwan, Menashe Kestenbaum and Kathleen Skerrett — were elected as directors, each receiving about 97–98% of votes cast.
Shareholders approved fixing the Board at five members (97.92% for), appointing Davidson & Company LLP as auditor for the coming year (99.47% for), and the Amended and Restated Shareholder Rights Plan (91.07% for). The release also reiterates High Tide’s cannabis retail and medical distribution footprint in Canada and Germany.
High Tide (Nasdaq: HITI; TSXV: HITI) closed new senior secured credit facilities with Bank of Montreal totaling C$40 million. The package includes a C$25 million committed revolving credit facility with a three-year maturity and a C$15 million committed delayed-draw term loan intended to refinance existing C$15 million second-lien debentures.
According to High Tide, part of the revolver was used to repay and terminate its prior C$6.0 million senior credit facility with ConnectFirst Credit Union, with remaining capacity available for working capital, corporate purposes, permitted acquisitions and investments. The new facilities are secured by substantially all assets of the company and certain subsidiaries and include customary financial and other covenants.
High Tide (Nasdaq/TSXV: HITI) issued preliminary guidance for its third fiscal quarter ended July 31, 2026, forecasting record revenue of C$195–C$200 million, implying 9–12% sequential and 30–34% year-over-year growth. Expected gross profit is C$51–C$53.5 million, up 5–11% sequential and 27–33% year over year.
Adjusted EBITDA is guided to C$15.2–C$16.5 million, implying 9–19% sequential and 43–55% year-over-year growth. According to High Tide, even the low end of guidance is above the highest current analyst estimate for revenue, gross profit and Adjusted EBITDA. The company also reports a record quarterly distribution of over 10 tonnes of medical cannabis flower via Remexian Pharma in Germany, up 33% sequentially and 60% year over year, and notes a return to positive year-over-year same-store sales growth in its Canadian bricks-and-mortar network in June and July. Full Q3 2026 results are expected on September 14, 2026.