Welcome to our dedicated page for High Tide news (Ticker: HITI), a resource for investors and traders seeking the latest updates and insights on High Tide stock.
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 (NASDAQ/TSXV: HITI) announced that majority-owned German subsidiary Remexian Pharma showcased its exclusive German medical cannabis distribution partnerships at Mary Jane Berlin 2026, held June 11–14 in Berlin.
Remexian highlighted premium Canadian brands and its expanding pharmacy network in Germany's growing medical cannabis market.
High Tide (Nasdaq:HITI) reported record Q2 2026 revenue of $179.3 million, up 30% year over year, marking a fourth straight quarterly high. Gross profit was $48.4 million with an improved 27% gross margin. Adjusted EBITDA reached a record $13.9 million, up 73%.
The company generated $1.5 million in free cash flow and achieved positive net income versus prior losses. German subsidiary Remexian delivered record $31.6 million revenue with 27% margin, while Canna Cabana loyalty membership grew 39% to 2.65 million. High Tide also secured $40 million in senior secured credit facilities from Bank of Montreal.
High Tide (Nasdaq/TSXV:HITI) obtained credit approval from Bank of Montreal for C$40 million in new senior secured credit facilities, which remain subject to customary closing conditions.
The package includes a C$25 million three-year revolving facility and a C$15 million delayed draw term loan to refinance existing debt.
High Tide (Nasdaq:HITI) agreed to acquire 100% of J. Supply Holdings, operator of Northern Helm, adding four Ontario cannabis stores for $7.74 million. Locations are in Bowmanville, Kingston, Courtice, and Oshawa.
The deal lifts High Tide's footprint to 228 Canna Cabana stores in Canada and 103 in Ontario. Consideration includes approximately $3.2M of assumed debt at 2% interest, about $1.83M in cash, and roughly $2.75M in shares. Closing, expected in the coming weeks, is subject to TSXV and AGCO approvals. The purchase price equals 4.5x annualized Adjusted EBITDA for the three months ended March 31, 2026.
High Tide (Nasdaq/TSXV: HITI) opened a new Canna Cabana store in Welland, Ontario and expects to open another in Calgary, Alberta. These additions bring its footprint to 224 Canna Cabana locations in Canada, including 99 in Ontario and 92 in Alberta.
The Welland store serves over 65,000 residents within five kilometers with limited competition. The Calgary site, expected to open June 26, 2026 pending approval, targets over 60,000 residents within three kilometers and supports High Tide’s discount club model and membership-focused growth strategy.
High Tide (NASDAQ:HITI) will release its second fiscal quarter 2026 financial and operational results for the period ended April 30, 2026, after market close on June 15, 2026. A webcast to discuss results is set for June 16, 2026 at 11:30 AM ET. The company also granted 66,500 employee stock options, exercisable at the prior TSXV closing price, vesting over two years and expiring three years from grant.
High Tide (Nasdaq: HITI) plans to open a new Canna Cabana retail cannabis store at 150 Silver Reign Drive in Toronto's Rexdale area, expected to begin adult-use sales on May 17, 2026.
This location lifts Canna Cabana's footprint to 222 stores in Canada and 98 in Ontario, serving about 263,000 residents within five kilometres. Management highlights its discount-club retail model and Cabana Club loyalty ecosystem as key drivers for market share in Ontario and broader Canada.
High Tide (Nasdaq/TSXV: HITI) reported that officers, directors and consultants, led by the CEO, bought 90,882 common shares on the open market between May 6–8, 2026 at an average price of $3.39. Following these purchases, insiders and certain consultants hold 7,720,360 shares, about 8.8% of outstanding shares. The company also highlighted a $40 million credit facility term sheet with a Big 5 Canadian bank, record quarterly medical cannabis distribution volumes at Remexian, and German market share for Remexian of over 14%.
High Tide (Nasdaq: HITI) signed a term sheet on May 5, 2026 for $40 million of new senior secured credit facilities with a Big 5 Canadian chartered bank, replacing its connectFirst facility. The facilities comprise a $25 million revolver and a $15 million delayed‑draw term loan with closing expected within 60 days.
Terms include interest of Prime+2% to Prime+3% depending on leverage and covenants: Senior Funded Debt/EBITDA <2.0x, Total Funded Debt/EBITDA <3.0x, and Fixed Charge Coverage >1.25x.
High Tide (Nasdaq: HITI) announced it is proactively investigating unusual trading patterns in its common shares, including lower next-day closes following earnings releases. The company will retain forensic market-structure specialists, cooperate with Canadian and U.S. regulators, and invite shareholders to submit relevant information to ir@hightideinc.com.