High Tide (HITI)

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High Tide Inc. is a cannabis retail and consumer products company with a major presence in Canada’s legal cannabis market. The company is best known for its Canna Cabana retail chain, which operates as a discount-focused cannabis store network serving adult-use consumers. Its bricks-and-mortar retail operations generate the majority of revenue, supported by an e-commerce business that sells smoking accessories and cannabis lifestyle products to customers in multiple markets.

High Tide’s strategy combines physical retail, online sales, private-label products, and loyalty-driven customer engagement. Its portfolio includes brands and platforms such as Canna Cabana, Fastendr, Grasscity, Daily High Club, Queen of Bud, and other cannabis-adjacent businesses. Fastendr is part of the company’s in-store retail technology offering, while Grasscity and Daily High Club give High Tide exposure to the global accessories market beyond cannabis flower and derivative products.

The company operates in a competitive and regulated sector where scale, pricing, store productivity, and brand recognition are important. In Canada, High Tide competes with other licensed cannabis retailers for customer traffic while navigating provincial rules that shape store openings, product availability, advertising, and distribution. Its discount club model is intended to encourage repeat purchases and build a larger customer base in a market where consumers are price-sensitive.

Although Canada remains its core revenue source, High Tide also earns revenue from the United States and other international markets through its accessories and e-commerce operations. For investors, the company offers exposure to legal cannabis retail, cannabis accessories, and the evolution of consumer purchasing behaviour as regulated markets mature.

2.32 USD
2.33 USD
−0.07 (-2.93%)
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Income Statement

Line Item 2025 Q4 2024 Q4 2023 Q4 2022 Q4 2021 Q4
Revenue
Gross profit
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EBITDA 0 0 0 0 0
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Diluted EPS

Balance Sheet

Line Item 2025 Q4 2024 Q4 2023 Q4 2022 Q4 2021 Q4
Total assets 248.4M 176.7M 168.19M 201.81M 198.83M
Total liabilities 175.25M 72.27M 71.87M 82.79M 76.08M
Total equity 73.14M 104.43M 96.32M 119.02M 122.75M
Cash & equivalents 34.07M 33.92M 21.71M 18.43M 11.32M
Current assets 97.41M 61.57M 49.47M 47.05M 37.38M
Current liabilities 71.1M 44.12M 41.89M 44.03M 32.94M

Cash Flow

Line Item 2025 Q4 2024 Q4 2023 Q4 2022 Q4 2021 Q4
Operating cash flow
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Change in cash
Kind Filing Date Link
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edgar index 40-F/A — High Tide Inc. View Filing
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edgar index SCHEDULE 13G — High Tide Inc. View Filing