High Tide (HITI) Stock News

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.

High Tide Inc (Nasdaq: HITI) reported CAD $6.8 million in total retail gross revenues during the '4/20' Long Weekend (April 17-20, 2025), marking a 10% increase from the previous week. The company conducted its largest-ever customer appreciation giveaway, awarding a CAD $100,000 cash prize to an ELITE member from Winnipeg, Manitoba.

The company highlighted its growing Cabana Club community of over 1.8 million members across Canada, with ELITE memberships expanding at their fastest pace ever. Additionally, High Tide announced the grant of 136,000 incentive stock options to various employees, consultants, and management, exercisable at the TSX Venture Exchange closing price with a three-year expiration and two-year vesting period.

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.