High Tide Announces Preliminary Q3 2026 Guidance
Rhea-AI Summary
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.
Positive
- Q3 2026 revenue guidance C$195–C$200 million, +30–34% year over year
- Gross profit guidance C$51–C$53.5 million, +27–33% year over year
- Adjusted EBITDA guidance C$15.2–C$16.5 million, +43–55% year over year
- Guidance low end exceeds highest analyst estimate across all three metrics
- Remexian distributed 10+ tonnes of medical cannabis, +33% sequential, +60% year over year
- Canadian bricks-and-mortar returned to positive year-over-year same-store sales in June and July
Negative
- None.
News Explained
Adjusted EBITDA in the guidance is a supplemental non-IFRS measure without a standardized IFRS meaning, making it unlikely to be comparable with similarly named measures from other issuers.
Market Reaction – HITI
Following this news, HITI has gained 5.58%, reflecting a notable positive market reaction. Our momentum scanner has triggered 4 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $2.27.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 23 | Store opening | Positive | +0.0% | New Ottawa store expanded Canna Cabana’s Canadian retail footprint. |
| Jul 15 | Shareholder AMA | Neutral | -1.8% | CEO hosted a Reddit AMA covering strategy, operations, and outlook. |
| Jul 06 | Rights plan adoption | Neutral | -1.3% | Company approved temporary and amended shareholder rights plans. |
| Jun 17 | Distribution partnerships | Positive | -6.0% | Remexian showcased Canadian medical cannabis brand partnerships in Germany. |
| Jun 15 | Q2 earnings report | Positive | +12.0% | Record revenue and adjusted EBITDA exceeded the prior quarter’s results. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational news has produced mixed outcomes, with the prior earnings release aligning positively while several other announcements diverged from price direction.
Key Terms
adjusted ebitda financial
non-ifrs financial
same-store sales financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company Expects Record Revenue, Gross Profit and Adjusted EBITDA Ahead of Analyst Forecasts
The Company Also Announces Record Quarterly Distribution of Over 10 Tonnes of Medical Cannabis Flower Through Remexian Pharma GmbH, Further Accelerating its German Market Position
Management Guidance | Implied Sequential | Implied Year Over | Analyst Expectations1 (C$, MM) | |||||||||
Low | High | Low | High | Low | High | Low | Consensus | High | ||||
Revenue | 9 % | 12 % | 30 % | 34 % | ||||||||
Gross Profit | 5 % | 11 % | 27 % | 33 % | ||||||||
Adjusted EBITDA2 | 9 % | 19 % | 43 % | 55 % | ||||||||
1 Based on FactSet as at August 3, 2026. |
2 Adjusted Earnings before interest, taxes, depreciation, and amortization ("EBITDA"). This measure does not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS") and is, therefore, unlikely to be comparable to similar measures presented by other issuers. Non-IFRS measures provide investors with a supplemental measure of the Company's operating performance, and therefore, highlight trends in the Company's core business that may not otherwise be apparent when relying solely on IFRS measures. Management uses non-IFRS measures in measuring the financial performance of the Company. |
"This quarter's guidance demonstrates the growing earnings power of the global platform we have built. We expect to set new company records for revenue, gross profit and Adjusted EBITDA, with year-over-year growth of at least
"Our performance is being driven by two increasingly powerful growth engines. In
The Company anticipates releasing full financial and operational results for the third fiscal quarter ended July 31, 2026, on Monday, September 14, 2026, after markets close, with a conference call the following morning.
ABOUT HIGH TIDE
High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including:
Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 229 domestic and 1 international location. The Company's Canadian bricks-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a growing
Medical Cannabis Distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a
High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange (the "TSXV") in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Media Inquiries
Omar Khan
Chief Communications and Public Affairs Officer
High Tide Inc.
omar@hightideinc.com
403-770-3080
Investor Inquiries
Vahan Ajamian
Capital Markets Advisor
High Tide Inc.
vahan@hightideinc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements are often, but not always, identified by words such as "expect", "intend", "plan", "believe", "anticipate", "estimate", "may", "will", "could", "should" and similar expressions. Forward-looking statements in this news release include, without limitation, statements relating to: continued strength and momentum of the Company; the Company reporting revenue, Adjusted EBITDA, same-store sales during the quarter, and volume distributed in line with the expectations outlined herein; the results being above analyst expectations; the date and time of the release of the Company's third fiscal quarter ended July 31, 2026 results and their webcast and conference to discuss the results thereof.
Forward-looking statements are based on management's current expectations and assumptions as of the date of this news release. Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially, including, without limitation: delays or inability to obtain required regulatory approvals or authorizations; changes in competitive, market or consumer conditions; operational risks associated with opening and operating new stores; and the other risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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SOURCE High Tide Inc.