Earnings ·
High Tide Inc. reported record-breaking financial results for its third fiscal quarter ended July 31, 2026
HITIHigh Tide Inc.
High Tide Inc. reported record-breaking financial results for its third fiscal quarter ended July 31, 2026. Revenue reached $198.8 million, a 33% increase year-over-year, while net income surged to $12.7 million from $0.8 million in the prior year period. Adjusted EBITDA hit a record $16.2 million, and free cash flow totaled $7.0 million. The company also closed a $40 million senior secured credit facility with Bank of Montreal and announced the opening of three new Canna Cabana locations, bringing its total Canadian store count to 232. High Tide Inc. operates in the cannabis industry, focusing on retail through Canna Cabana and medical distribution via Remexian.