High Tide Stock Price, News & Analysis

High Tide Inc. (Nasdaq: HITI) has announced a change in its auditors effective April 17, 2025. The company has transitioned from Ernst & Young LLP to Davidson & Company LLP following the resignation of the former at the company's request. The change was approved by the board of directors upon the audit committee's recommendation.

High Tide, the second-largest cannabis retailer globally by store count, operates Canna Cabana, Canada's largest cannabis retail chain with 196 locations. The company maintains a diverse portfolio including retail innovation through Fastendr™ technology, e-commerce platforms for accessories, and various cannabis-related brands. High Tide has been recognized among Canada's Top Growing Companies by the Globe and Mail for four consecutive years and ranked first in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023.

High Tide Inc. (Nasdaq: HITI) has opened a new Canna Cabana store in Cochrane, Alberta, bringing its total Canadian store count to 196 locations, with 85 in Alberta. The new store, located at 4A River Heights Drive, began operations on April 20th, 2025, serving approximately 8,000 residents with no nearby cannabis retail competition.

The location is strategically positioned in a high-traffic commercial plaza alongside key businesses. The company also provided an update on its German medical cannabis market entry plans, revealing ongoing negotiations with multiple potential partners. High Tide aims to leverage its $1.7 billion in Canadian cannabis sales since 2018 to become a major importer and distributor in Germany's medical cannabis market, where imported dried flower volume exceeded 70 tons in 2024.

High Tide Inc. (Nasdaq: HITI) announced the opening of a new Canna Cabana retail cannabis store in Kitchener, Ontario, scheduled for April 16, 2025. This expansion brings the company's total store count to 195 locations across Canada, with 80 in Ontario.

The new store, located at 1270 Fischer Hallman Road, is strategically positioned in a high-visibility area with favorable demographics and growth potential. The company also announced the adoption of a Shareholder Rights Plan, effective April 10, 2025, subject to shareholder ratification within 6 months. The plan aims to ensure fair treatment of shareholders and maintain compliance with cannabis laws.

CEO Raj Grover addressed recent U.S. tariff actions, stating that the company doesn't anticipate material impact as most revenue comes from within Canada. The company may moderate its pace of organic store openings to protect its balance sheet while remaining adaptable to market conditions.

High Tide Inc. (HITI) reported record Q1 2025 revenue of $142.5 million, up 11% year-over-year and 3% sequentially. The company's brick-and-mortar segment generated $135.7 million, representing 95% of consolidated revenue and 17% growth year-over-year.

Same-store sales increased by 5% year-over-year, showing the fastest growth in four quarters. The Cabana Club loyalty program reached 1.76 million members in Canada, with ELITE memberships exceeding 81,000. The company maintains a significant market share, holding 18% in Alberta and 10% in Ontario.

Financial highlights include a gross profit of $35.4 million with a 25% margin, a net loss of $2.7 million, and Adjusted EBITDA of $7.1 million. The company generated negative free cash flow of $1.9 million in Q1 but maintains $33.3 million in cash and cash equivalents.

High Tide Inc. (Nasdaq: HITI) has announced it will release its financial and operational results for Q1 fiscal 2025 (ended January 31, 2025) after market close on March 17, 2025. The company will host a webcast on March 18, 2025, at 11:30 AM ET featuring CEO Raj Grover and CFO Mayank Mahajan to discuss the results.

High Tide operates as the second-largest cannabis retailer globally by store count, with its flagship brand Canna Cabana operating 194 locations across Canada. The company maintains a diversified portfolio including retail operations, consumption accessories e-commerce platforms, CBD sales, and wholesale distribution. High Tide has earned recognition as one of Canada's Top Growing Companies for four consecutive years and ranked first in retail on the Financial Times' Americas' Fastest Growing Companies list for 2023.

High Tide Inc. (Nasdaq: HITI) announced the opening of two new Canna Cabana retail cannabis stores in Ontario. The first location at 99 Balsam Street in Collingwood will open on March 13, 2025, while the second at 1 Hespeler Road in Cambridge will open on March 17, 2025.

The Collingwood store is strategically located in the town center, a tourist destination attracting 400,000 unique visitors annually. Positioned in the Collingwood Centre alongside national retailers, it's the first cannabis store encountered when entering the town. The Cambridge location benefits from high population density with competition, situated at a major intersection anchored by national food and retail chains.

These openings will mark High Tide's 193rd and 194th Canna Cabana locations in Canada, with 78th and 79th stores in Ontario. The company also announced a grant of 25,000 incentive stock options to consultants, exercisable at the TSXV closing price with a two-year expiration.

High Tide Inc. (Nasdaq: HITI) has announced a pause in its previously planned acquisition of a 51% interest in Purecan GmbH for approximately €4.8 Million, which was intended to facilitate entry into the German medical cannabis market. During ongoing due diligence, the company reassessed the optimal structure for this transaction and is now exploring alternative arrangements with Purecan to maintain its planned commercial exposure in Germany.

While there is no certainty that an alternative arrangement with Purecan will proceed, High Tide remains committed to entering the German medical cannabis market and will explore both alternative structures with Purecan and other opportunities. High Tide is the second-largest cannabis retailer globally by store count, operating 192 Canna Cabana locations across Canada and managing several e-commerce platforms including Grasscity.com and FABCBD.com.

High Tide Inc. (HITI) has been recognized as a Top 50 company by the TSX Venture Exchange for the second consecutive year, ranking 21st in 2024. This marks the company's third appearance on this prestigious list in four years, being one of only two cannabis companies included.

The company's Canna Cabana brand has shown significant growth, with its loyalty program reaching over 1.7 million members. As Canada's largest cannabis retail chain, it currently operates 192 locations across multiple provinces. High Tide has been consistently recognized for its growth, including being named one of Canada's Top Growing Companies by the Globe and Mail for four consecutive years and ranking first in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023.

The company plans to expand into international markets, starting with Germany, aiming to build a comprehensive portfolio of Canadian cannabis brands and products.

High Tide Inc. (Nasdaq: HITI) announced the opening of its 192nd Canna Cabana retail cannabis store in Canada, marking its 77th location in Ontario and 6th in Hamilton. The new store, located at 447 Main Street East in downtown Hamilton, will begin operations on February 15, 2025.

The location is strategically positioned in a high-foot-traffic shopping plaza alongside national retailers. The company highlighted Hamilton's economic diversity and growth, particularly in sectors like life sciences and advanced manufacturing.

Additionally, High Tide mentioned its upcoming entry into the German medical cannabis market through the Purecan acquisition, aiming to become a leading distributor of Canadian medical cannabis products in Germany. The company was recently recognized as one of Canada's Top Growing Companies by the Globe and Mail for the fourth consecutive year and ranked first in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023.