High Tide Stock Price, News & Analysis

High Tide Inc. (Nasdaq: HITI) provided several corporate updates, including progress on a significant German medical cannabis transaction that is fully funded through a recent junior secured loan. The company announced the appointment of Sri Pavithra Priyalakshmi as VP of Digital and eCommerce, bringing 11 years of global experience.

High Tide filed a new final base shelf prospectus allowing them to offer up to C$100 million in securities over 25 months, replacing their expiring prospectus. The company emphasized its disciplined approach, noting they only used $4 million of their previous $100 million shelf in the past two years.

Additionally, the company retained IR Agency for investor relations services at a fee of USD $140,000 and will participate in Canaccord Genuity's 45th Annual Growth Conference.

High Tide Inc. (Nasdaq: HITI) has opened a new Canna Cabana retail cannabis store in Drayton Valley, Alberta, marking its 203rd location in Canada and 88th in Alberta. The store is strategically located at 4341 50 Street in a bustling plaza alongside national retailers.

The company announced significant membership growth with Cabana Club exceeding 2 million members and ELITE surpassing 100,000 members. Additionally, High Tide granted 58,500 incentive stock options to employees, exercisable at the TSXV closing price with a three-year expiration and two-year vesting period.

High Tide Inc. (NASDAQ: HITI) has achieved significant milestones in its loyalty programs, surpassing 2 million Cabana Club members and 104,000 ELITE members nationwide, reinforcing its position as Canada's largest bricks-and-mortar cannabis loyalty program.

The company has also filed a preliminary base shelf prospectus that will allow it to offer up to C$100 million in securities over a 25-month period. High Tide currently operates 202 Canna Cabana locations across Canada and plans to expand to over 300 stores. The company maintains a diverse portfolio including retail operations, e-commerce platforms, and wholesale distribution.

[ "Achieved milestone of 2 million Cabana Club members and 104,000 ELITE paid members", "Operates 202 retail locations with plans to expand to over 300 stores", "Named one of Canada's Top Growing Companies for 4 consecutive years", "Ranked #1 in retail category on Financial Times' Americas' Fastest Growing Companies 2023" ]

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) has announced a new "Buy Local" initiative across its 200 Canna Cabana retail stores in Canada, launching June 24, 2025. The program will dedicate shelf space to cannabis products grown or produced within each store's respective province. As Canada's largest cannabis retail chain and the second-largest globally by store count, High Tide operates across British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. The company, headquartered in Calgary with over 1,600 Canadian employees, aims to support local businesses and producers of all sizes. The initiative will run throughout summer 2025, with potential extension based on customer feedback. High Tide's operations span retail, technology (Fastendr), e-commerce platforms, branded products, CBD, and wholesale distribution.

High Tide Inc. (HITI) reported strong Q2 2025 financial results with revenue of $137.8M, up 11% YoY. The company generated $4.9M in free cash flow and achieved 6.2% YoY growth in daily same-store sales. High Tide now operates 200 Canna Cabana locations across Canada, maintaining its position as the country's largest cannabis retail brand with a 12% market share. The Cabana Club loyalty program reached 1.9M members in Canada, including 97,000 ELITE members. The company reported gross profit of $35.5M with a 26% margin and Adjusted EBITDA of $8.1M. Notably, High Tide disclosed exclusive discussions regarding a potential transaction with a leading German medical cannabis importer and wholesaler, signaling international expansion plans.

High Tide Inc. (NASDAQ: HITI), a leading cannabis retailer, will release its Q2 FY2025 financial results on June 16, 2025, after market close. The company will host a webcast on June 17, 2025, at 11:30 AM ET featuring CEO Raj Grover and CFO Mayank Mahajan. High Tide operates as the second-largest cannabis retailer globally by store count, with its flagship Canna Cabana chain comprising 200 locations across Canada. The company's diversified operations include retail innovation through Fastendr technology, e-commerce platforms for accessories, CBD sales, and wholesale distribution. High Tide has received multiple recognitions, including being named one of Canada's Top Growing Companies by Globe and Mail for four consecutive years and ranking first in retail on Financial Times' Americas' Fastest Growing Companies 2023 list.

High Tide Inc. (NASDAQ: HITI) announced the voting results from its annual general and special meeting held on May 29, 2025. All five director nominees were successfully elected with overwhelming support, each receiving over 98% approval. The shareholders approved fixing the board size at five members, appointed Davidson & Company LLP as auditors, and endorsed a Shareholder Rights Plan with 67.94% support. High Tide operates as North America's second-largest cannabis retailer by store count, with its Canna Cabana chain comprising 200 locations across Canada. The company maintains a diversified business model including retail operations, e-commerce platforms for accessories, CBD products, and wholesale distribution. High Tide has received 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.