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. (HITI) maintains its position as Canada's leading vertically integrated cannabis retailer through continuous innovation in retail operations and e-commerce solutions. This news hub provides investors and industry observers with essential updates on corporate developments, financial milestones, and strategic initiatives within the evolving cannabis market.
Access authoritative information about HITI's retail expansions, technology implementations like the Fastendr kiosk system, and quarterly performance metrics. Our curated collection features official press releases covering earnings announcements, partnership agreements, product launches, and regulatory compliance updates.
Key focus areas include Canna Cabana store network growth, cannabis accessory innovations, and operational efficiency improvements. Users can track the company's progress in enhancing customer experiences through both physical retail locations and digital platforms while monitoring its competitive positioning within North American markets.
Bookmark this page for streamlined access to verified information about High Tide's business strategies, leadership decisions, and market responses. Regular updates ensure you maintain current awareness of developments affecting this dynamic cannabis enterprise.
High Tide Inc. (NASDAQ: HITI) has secured a $30 million convertible debt through a loan agreement with Cronos Group Inc. The junior secured loan bears a 4% annual interest rate and has a 5-year term. The debt is convertible into High Tide common shares at $4.20 per share.
As part of the deal, Cronos received a warrant exercisable into 3,836,317 common shares at $3.91 per share, representing a 25% premium to the 30-day VWAP. High Tide plans to use the capital for future acquisitions and organic growth, aiming to expand its Canadian store network beyond 300 locations. The company currently operates 202 Canna Cabana locations across Canada, making it the second-largest cannabis retailer globally by store count.
High Tide Inc. (Nasdaq: HITI) announced the opening of two new Canna Cabana retail cannabis stores, expanding its total network to 202 locations across Canada. The first store, opening June 27, 2025, is located at 1439 Henderson Highway in Winnipeg, Manitoba, becoming the company's 12th location in the province. The second store, opening July 1, 2025, will be situated in The Well shopping mall at 486 Front St. West in Toronto, Ontario, marking the company's 83rd location in Ontario.
The Winnipeg location, positioned near Chief Peguis Trail, serves a population of approximately 10,000 within a 1-kilometer radius. The Toronto location is strategically placed in a high-traffic area adjacent to Wellington Market. Both provinces have demonstrated strong performance, with stores delivering annualized revenue run rates above the national average in March.
High Tide Inc. (NASDAQ: HITI) announced the opening of a new Canna Cabana retail cannabis store in Cornwall, Ontario, set to begin operations on May 12, 2025. The new location at 525 Ninth Street marks the company's 197th Canna Cabana store in Canada and 81st in Ontario. Strategically positioned beside a national grocery chain in a high-traffic shopping centre, this second Cornwall location serves the east end community with minimal local competition. High Tide expects to reach its 200th store milestone by the end of May 2025. The company, ranked as Canada's second-largest cannabis retailer by store count, continues to demonstrate strong same-store sales performance through its loyalty-focused retail model.
High Tide Inc (Nasdaq: HITI) reported CAD $6.8 million in total retail gross revenues during the '4/20' Long Weekend (April 17-20, 2025), marking a 10% increase from the previous week. The company conducted its largest-ever customer appreciation giveaway, awarding a CAD $100,000 cash prize to an ELITE member from Winnipeg, Manitoba.
The company highlighted its growing Cabana Club community of over 1.8 million members across Canada, with ELITE memberships expanding at their fastest pace ever. Additionally, High Tide announced the grant of 136,000 incentive stock options to various employees, consultants, and management, exercisable at the TSX Venture Exchange closing price with a three-year expiration and two-year vesting period.