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 Inc. (NASDAQ: HITI) has signed a definitive agreement to acquire a 51% stake in Remexian Pharma GmbH for €27.2 million, marking its entry into Germany's medical cannabis market. Remexian, a leading pharmaceutical company near Berlin, generated €65 million in revenue in the last 12 months and sold 7 tonnes of cannabis flower in Q2 2025, representing 16% of Germany's total imports.
The transaction implies an enterprise value of €53.4 million, representing 3.64x Annualized Adjusted EBITDA. The purchase will be satisfied through 42% in High Tide shares, 29% in cash, and 29% via seller loans. High Tide also secured options to acquire the remaining stake in Remexian.
This strategic acquisition positions High Tide in Germany's rapidly growing medical cannabis market, where patient numbers have increased from 250,000 to nearly 900,000, with annual revenues approaching €1 billion. The deal is expected to add approximately C$100 million in topline revenue and significant EBITDA annually to High Tide's financials.
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.