HITI · NASDAQ · Medical - Pharmaceuticals

High Tide (HITI)

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

$2.67
vs last close+0.04 (+1.33%)
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High Tide Inc.HITI
Health 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

Market cap$231.1M
EPS (ttm)−$0.2767
P/E (ttm)−9.51
ROE-35.9%
P/B3.08
P/S0.4487
Dividend yieldDiv yield
Beta0.87vs XLV 0.01

Price target$2.70+2.7%Average of 4 analysts
ConsensusBuy3 of 4 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

No analyst notes in the last 24 months.

EPSReportedEstimate

Jan '25Mar '25Jun '25Sep '25Jan '26Mar '26Jun '26Sep '26
Reported−$0.04−$0.02−$0.03$0.01−$0.37$0.01$0.01$0.09
Estimate−$0.02−$0.01−$0.02$0.00$0.00$0.00−$0.02$0.01
Surprise−100.0%−100.0%−50.0%+142.2%+755.5%

RevenueReportedEstimate

Jan '25Mar '25Jun '25Sep '25Jan '26Mar '26Jun '26Sep '26
Reported$99.2M$98.0M$99.9M$108.0M$117.0M$130.9M$131.9M$141.7M
Estimate$97.1M$92.5M$100.4M$106.4M$113.5M$127.3M$125.9M$139.0M
Surprise+2.2%+6.0%−0.5%+1.5%+3.1%+2.8%+4.7%+2.0%
Estimate$0.01
Reported$0.09+755.5%
Estimate$139.0M
Reported$141.7M+2.0%
View details

Debt to equity117.30%
Current ratio149.60%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$98.3M$101.2M$97.9M$106.4M$116.6M$126.9M$127.4M$142.8M
Net income−$3.3M−$2.0M−$2.1M$425.0K−$32.4M$857.7K−$140.0K$8.1M
Net margin0.0%0.0%0.0%0.4%0.0%0.7%0.0%5.7%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income−$2.0M$47.6K$662.3K$2.7M−$13.6M$2.9M$5.8M$7.6M
YoY growthLoss narrowed−97.6%−53.1%+22.4%Loss widened+6,079.9%+769.0%+186.2%

Balance sheet, Jul 31, 2026Cash & short-term investments $33.6M · Total debt $87.8M · Total assets $262.6M · Shareholders' equity $74.8M

Revenue
$142.8M
Operating income
$7.6M
Net income
$8.1M

Reported in CAD, converted at the latest exchange rate

View details

No dividends on record.

Institutions7.61%6.64M ADS
52 holders · as of Jun 30, 2026
Other92.39%80.59M ADS
remainder

87.24M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Toroso Investments, LLCInstitution
1.91%1.66M ADSas of Jun 30, 2026
Advisorshares Investments LLCInstitution
1.35%1.18M ADSas of Jun 30, 2026
Renaissance Technologies LLCInstitution
1.03%899,932 ADSas of Jun 30, 2026
Two Sigma Investments, LPInstitution
0.75%654,932 ADSas of Jun 30, 2026
Federation Des Caisses Desjardins du QuebecInstitution
0.30%260,106 ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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