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.

High Tide Inc. filed its unaudited interim financial statements and management discussion & analysis for the three and nine months ended July 31, 2026. Revenue increased 33% year-over-year to $198.8 million CAD in Q3, driven by a $38.2 million contribution from the medical cannabis distribution segment acquired via Remexian and organic growth in its bricks-and-mortar retail operations. Gross profit rose 32% to $52.7 million CAD with margins stable at 27%. Adjusted EBITDA grew 53% to $16.2 million CAD, yielding an 8% margin. Net income was $12.7 million CAD compared to a loss in the prior year period. The company operates as Canada's largest cannabis retail chain and distributes medical cannabis in Germany.

High Tide Inc. announced the pending regulatory approval for three new Canna Cabana retail locations in Lindsay, Ontario; Orléans (Ottawa), Ontario; and Regina, Saskatchewan. These stores are scheduled to open on September 2, 4, and 5, 2026, respectively. Upon opening, High Tide's total Canadian Canna Cabana store count will reach 232, comprising 105 locations in Ontario and 14 in Saskatchewan. The company remains on track to add at least 20 new stores in calendar 2026, funded by internally generated cash flow. High Tide operates as a retail-forward cannabis enterprise with integrated operations across retail, medical distribution, and e-commerce.