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) has closed its previously announced acquisition of 100% of J. Supply Holdings, which operates as Northern Helm, adding four retail cannabis stores in Ontario for total consideration of $7.77 million, subject to working capital adjustments.
The acquired stores are located in Bowmanville, Kingston, Courtice and Oshawa, bringing High Tide’s footprint to 228 cannabis retail locations in Canada, including 103 in Ontario. Consideration consisted of $3.06 million in assumed debt at a 2% interest rate, $1.88 million in cash, and $2.83 million paid through 921,486 High Tide shares at a deemed price of $3.067 per share, which are subject to a four‑month‑and‑one‑day hold.
According to High Tide, for the three months ended March 31, 2026, the acquired stores generated annualized revenue of $8.5 million and annualized Adjusted EBITDA of $1.7 million, implying a purchase multiple of 4.5x annualized Adjusted EBITDA. The transaction has received conditional TSX Venture Exchange approval and is awaiting final approval.
High Tide (Nasdaq/TSXV: HITI) announced that its new Canna Cabana retail cannabis store at 4828 Bank Street in Ottawa, Ontario, is expected to begin adult-use cannabis and accessories sales on July 24, 2026. This opening increases High Tide’s footprint to 229 Canna Cabana locations across Canada, including 104 in Ontario. The store is in the rapidly growing Findlay’s Creek suburb within Ottawa’s Gloucester area, positioned in a busy retail corridor serving more than 25,000 residents within a five‑kilometre radius, according to High Tide.
High Tide (Nasdaq/TSXV: HITI) announced that Founder & CEO Raj Grover hosted his fifth Reddit Ask Me Anything with shareholders on July 15, 2026, via the company’s official subreddit, r/HighTideInc. The AMA focused on questions about High Tide’s strategy, operations, and outlook, continuing its practice of direct engagement with retail investors.
According to High Tide, the session followed several recent milestones: release of second quarter fiscal 2026 results, the previously announced acquisition of Northern Helm, approval of C$40 million in new senior credit facilities with BMO, and ongoing expansion of its German medical cannabis business through majority-owned Remexian Pharma. The release also highlights Canna Cabana’s 228 Canadian and 1 international locations, its roughly 12% share of the Canadian retail market, and Remexian’s approximately 14% share of the German medical cannabis market.
High Tide (Nasdaq/TSXV: HITI) approved a Temporary Shareholder Rights Plan and an Amended and Restated Shareholder Rights Plan, both dated June 26, 2026.
The Plans aim to maintain compliance with cannabis laws, protect cannabis licences, and promote fair treatment of shareholders in any unsolicited takeover bid, subject to TSXV and shareholder approvals.
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.