HITI · NASDAQ · Medical - Pharmaceuticals

High Tide

Runs Canna Cabana stores and online accessory, CBD, and medical-cannabis businesses.

$2.53
After-hours close+0.02 (+0.71%)
At close$2.51(−2.33%)
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Profile

High Tide Inc.HITIHealth Care

Operates Canna Cabana stores across Canada, supported by Cabana Club membership pricing. Its portfolio also includes online accessories, CBD brands, wholesale distribution, and German medical-cannabis import and distribution.

Canna Cabana anchors a Canadian cannabis retail network, with Cabana Club membership pricing linking store transactions to the customer program. The company also operates Meta Cannabis Supply Co. in physical retail.

Online businesses include Grasscity, Smoke Cartel, Daily High Club, and DankStop for accessories and smoke-shop retail, plus NuLeaf Naturals, FABCBD, and Blessed CBD for CBD. Valiant Distribution supplies Canadian wholesale, while Remexian Pharma handles medical-cannabis import and distribution in Germany.

Growth has combined store expansion with acquisitions across retail, e-commerce, CBD, and wholesale. The business operates within cannabis regulations and depends on licensed retail, medical-cannabis, and cross-border e-commerce channels.

Company facts

CEOHarkirat (Raj) Grover
ListedJun 2, 2021
ExchangeNASDAQ
HeadquartersCalgary, AB
CountryCanada
Employees1,707
CIK0001847409
ISINCA42981E4013

Key statistics

Market cap$220.6M
EPS (ttm)−$0.3608
P/E (ttm)−6.96
ROE-43.4%
P/B3.47
P/S0.4581
Dividend yield
Beta0.95vs XLV 0.05

Year to date −10.4% · Average volume (30d) 419.7K

Analysts

Price target, next 12 months$2.70+7.6%Median of 4 analysts · vs the Aug 28 close
ConsensusBuy3 of 4 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

No analyst notes in the last 24 months.

Earnings

EPS

Estimate$0.01
ReportedDue Sep 14, 2026

Revenue

Estimate$137.5M
ReportedDue Sep 14, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jun 15, 2026Q2 FY26−$0.02$0.01+150.0%$125.9M$131.9M+4.7%+12.00%
Mar 17, 2026Q1 FY26$0.00$0.01$127.3M$130.9M+2.8%−1.61%
Jan 29, 2026Q4 FY25$0.00$0.01$113.5M$117.0M+3.1%−8.23%
Sep 15, 2025Q3 FY25$0.00$0.01$115.3M$108.6M−5.8%+0.82%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$102.5M$99.1M$107.7M$118.0M$128.5M$129.0M
Gross profit$25.5M$25.5M$28.8M$30.6M$10.7M$34.8M
Operating income$48.2K$670.4K$2.7M−$13.8M$3.0M$5.8M
Net income−$2.0M−$2.1M$430.2K−$32.8M$868.2K−$141.7K
Diluted EPS−$0.03−$0.03$0.00−$0.37$0.01−$0.00
Gross margin24.9%25.7%26.8%25.9%8.4%27.0%
Operating margin0.0%0.7%2.5%-11.7%2.3%4.5%

Fiscal years (4-quarter sums)FY21 $130.3M · FY22 $256.7M · FY23 $350.8M · FY24 $375.7M · FY25 $427.3M

Balance sheet, Apr 30, 2026Cash & short-term investments $19.8M · Total debt $106.8M · Total assets $250.2M · Shareholders' equity $63.8M

Dividends

No dividends on record.

Ownership

Institutions 8.90%Insiders

Shares outstanding 87.87M · Float 76.69M · 87.3% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Toroso Investments, LLC1.71M1.95%13FMay 15, 2026
Advisorshares Investments LLC1.33M1.51%13FApr 28, 2026
Renaissance Technologies LLC1.07M1.22%13FMay 14, 2026
Two Sigma Investments, LP547.2K0.62%13FMay 15, 2026
Millennium Management LLC361.1K0.41%13FMay 15, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

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