High Tide (HITI) Stock News

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.

High Tide Inc. (Nasdaq: HITI) has reached a significant milestone with the opening of its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta. The new location, set to open on June 3, 2025, will be strategically positioned within Sherwood Park Mall, marking the company's 87th store in Alberta. The mall location features high-traffic co-tenants and serves a population exceeding 75,000. CEO Raj Grover highlighted the company's disciplined growth strategy, noting that expansion has been primarily funded by internal cash flow. High Tide boasts 1.8 million Cabana Club members and maintains its position as the second-largest cannabis retailer globally by store count. The company operates through multiple channels, including retail stores, e-commerce platforms, wholesale distribution, and licensing, and has been recognized among Canada's Top Growing Companies for four consecutive years.

High Tide Inc. (Nasdaq: HITI) has announced the opening of two new Canna Cabana retail cannabis stores in Brantford, Ontario and Calgary, Alberta. The Brantford location, a former Tokyo Smoke store, opens on May 20, 2025, in the Brantford Commons plaza serving 110,000+ people. The Calgary West Springs location opens May 23, 2025, with no competitors within 4km radius, serving 46,000+ residents. These openings bring High Tide's total store count to 199 Canna Cabana locations across Canada, with 82 in Ontario and 86 in Alberta. High Tide continues its strategic expansion, approaching the milestone of 200 stores. The company, ranked as Canada's second-largest cannabis retailer by store count, operates multiple e-commerce platforms and brands including Grasscity.com, Queen of Bud, and Cabana Cannabis Co.

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.