High Tide

High Tide

Cannabis retail brand with Cabana stores

Overview

High Tide runs cannabis and accessory retail through Canna Cabana stores in Canada and supports a global e-commerce business for cannabis-adjacent products like CBD and smoking accessories. Its products include cannabis flower, pre-rolls, edibles, and related accessories sold in stores and online, with a loyalty program called Cabana Club that drives repeat customers. It stands out by being the largest cannabis retailer in Canada, using a vertical model that blends physical stores with online sales and a membership-driven discount program that supports customer loyalty and acquisitions. Its goal is to grow to more than 300 stores in Canada, expand into new markets such as Germany’s medical cannabis sector, and maintain positive profitability and cash flow.

Funded Recently
Significant Headcount Growth

About High Tide

Simplify's Rating
Why High Tide is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Consumer Goods

Company Size

201-500

Company Stage

IPO

Headquarters

Calgary, Canada

Founded

2009

Get referred to High Tide

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • High Tide opened three stores September 2-5, 2026, lifting Canna Cabana to 232.
  • Q2 fiscal 2026 revenue hit C$179.3 million, and adjusted EBITDA rose 73%.
  • BMO’s C$40 million facility lowers capital costs and funds acquisitions without immediate dilution.

What critics are saying

  • Ontario and Saskatchewan saturation intensifies as rivals copy Canna Cabana discounts by 2027.
  • High Tide’s April 2026 trading investigation invites OSC and SEC scrutiny after earnings releases.
  • A German import disruption or price war can crush cash flow and stall expansion.

What makes High Tide unique

  • Canna Cabana’s free club and ELITE tiers lock in repeat buyers through discounts.
  • High Tide pairs Canadian retail scale with Remexian’s 14% German medical-cannabis share.
  • Its asset-light expansion uses leases, acquisitions, and internal cash flow, not dilutive equity.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$104.5M

Above

Industry Average

Funded Over

8 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

11%

1 year growth

13%

2 year growth

3%
StockTitan
Aug 31st, 2026
High Tide (HITI) plans 20-store 2026 cannabis retail push.

High Tide (HITI) plans 20-store 2026 cannabis retail push. Rhea-AI filing summary. High Tide Inc. (HITI) reports on its continued Canadian retail expansion through its Canna Cabana chain. Subject to regulatory approval, the company expects to open three new stores over four days in Lindsay and Orléans, Ontario, and Regina, Saskatchewan, beginning September 2, 2026. Once open, these locations will bring the Canadian Canna Cabana store count to 232, including 105 in Ontario and 14 in Saskatchewan. Management states it is prioritizing site quality and return on invested capital and expects these stores to benefit from high-traffic, grocery-anchored plazas and areas with limited competitive density. High Tide aims to add at least 20 new Canna Cabana locations in calendar 2026, funded from internally generated cash flow, and notes more than 15 additional sites are in development. The company also highlights its broader footprint, including a 12% Canadian cannabis retail market share and a 14% share of the German medical cannabis market through Remexian Pharma. The CEO plans to discuss third fiscal quarter results on September 14. Positive. * Three new Canadian stores are expected to open in early September 2026, taking the Canna Cabana network to 232 locations, which supports continued retail scale. * High Tide targets adding at least 20 new Canna Cabana stores in calendar 2026, funded from internally generated cash flow, indicating expansion without relying on external financing. * The company reports holding about 12% share of the Canadian cannabis retail market and a 14% share of the German medical cannabis market, suggesting established positions in key geographies. Negative. Key figures. Canadian Canna Cabana store count after openings: 232 stores Ontario Canna Cabana store count: 105 stores Saskatchewan Canna Cabana store count: 14 stores +5 more Key terms. forward-looking information, discount club retailer, medical cannabis, annual information form, +1 more Faq. What expansion did High Tide Inc. (HITI) announce in this 6-K? High Tide plans to open three new Canna Cabana stores, pending regulatory approval, in Lindsay and Orléans, Ontario, and Regina, Saskatchewan, over a four-day period starting September 2, 2026. Once open, these will increase its Canadian Canna Cabana store count to 232. How many Canna Cabana locations will High Tide (HITI) have after these openings? After the three planned openings, High Tide expects to operate 232 Canna Cabana stores in Canada, including 105 in Ontario and 14 in Saskatchewan, plus one international location. When will each new High Tide (HITI) Canna Cabana location begin sales? The Lindsay, Ontario store is expected to open on September 2, 2026; the Orléans (Ottawa), Ontario store on September 4, 2026; and the Regina, Saskatchewan store on September 5, 2026, all subject to regulatory approvals. What growth targets did High Tide Inc. (HITI) set for 2026? High Tide aims to add at least 20 new Canna Cabana locations in calendar 2026, with the company stating that these additions will be funded from internally generated cash flow. What market shares does High Tide (HITI) report in Canada and Germany? High Tide reports about a 12% share of the Canadian cannabis retail market through Canna Cabana and a 14% share of the German medical cannabis market via Remexian Pharma GmbH. When will High Tide Inc. (HITI) release its third fiscal quarter results? Chief Executive Officer Raj Grover states he looks forward to providing full financial results and operational highlights for the third fiscal quarter on September 14. AI-generated analysis. How Rhea-AI works. Not financial advice. Don't miss StockTitan's market coverage in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google Available on EDGAR 08/31/2026 - 07:28 AM Accepted by SEC EDGAR 08/31/2026 - 07:27 AM Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F | Form 40-F Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Filing exhibits & attachments. 1 document

Newswire
Aug 31st, 2026
High Tide continues Canadian expansion with three new Canna Cabana locations.

High Tide continues Canadian expansion with three new Canna Cabana locations. Aug 31, 2026, 06:00 ET CALGARY, AB, Aug. 31, 2026 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that, pending regulatory approval, it expects to open three new Canna Cabana locations over a four-day period in Lindsay and Orléans, Ontario, and Regina, Saskatchewan. Once open, these locations will bring High Tide's Canadian Canna Cabana store count to 232, including 105 in Ontario and 14 in Saskatchewan. "Every new store must earn its place in our network. These three locations combine strong traffic, high visibility and favourable competitive dynamics, which are exactly the kind of sites where Canna Cabana's scale, membership base and discount club model can build durable market share and generate attractive returns over time. We are expanding deliberately, not simply chasing store count, and will continue to put site quality and return on invested capital first," said Raj Grover, Founder and Chief Executive Officer of High Tide. "With more than 15 locations currently at various stages of development, we expect a steady cadence of further store announcements through the calendar year-end. We remain on track to meet our goal of adding at least 20 new Cabanas in calendar 2026, funded from internally generated cash flow. I look forward to providing full financial results and operational highlights for the third fiscal quarter on September 14," added Mr. Grover. Lindsay Location The Company's new Canna Cabana located at 351 Kent Street West, Unit 1, in Lindsay, Ontario is expected to begin selling recreational cannabis products and consumption accessories for adult use on September 2, 2026. The Company secured the Lindsay premises through an assignment of an existing lease from an established local operator. The location will be converted to the Canna Cabana banner. Lindsay is the primary municipality in the City of Kawartha Lakes and serves as the regional commercial hub with cottage-country seasonal traffic and limited competitive density. The store benefits from strong visibility along a major shopping corridor and sits directly in front of a regional shopping centre anchored by a national grocer, a national home improvement retailer, and a discount department store. With limited competitive density, this location represents an opportunity to establish Canna Cabana in a region where quality commercial sites are scarce. Orléans Location The Company's new Canna Cabana located at 900 Watters Road in the Orléans community of Ottawa, Ontario is expected to begin selling recreational cannabis products and consumption accessories for adult use on September 4, 2026. Ottawa has been a proven market for Canna Cabana, and this location extends the Company's presence into a major eastern suburb it is not currently serving. The store is situated in a plaza anchored by a grocer, a discount department store, a national bank, and a mix of quick-service restaurants and commercial retail units, placing it in a commercial hub that residents visit as part of their daily routine. This is the first Canna Cabana in this major east Ottawa community, with more than 110,000 residents within five kilometres. Regina Location The Company's new Canna Cabana located at 6250 Rochdale Boulevard in Regina, Saskatchewan is expected to begin selling recreational cannabis products and consumption accessories for adult use on September 5, 2026. The store is located along a major neighbourhood thoroughfare, beside a high-traffic gas station and adjacent to a national quick-service restaurant. The location is in the new northwest Regina node, with approximately 90,000 residents within five kilometres and no competitor within one kilometre. ABOUT HIGH TIDE High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including: Retail: Canna Cabana(TM) is the largest cannabis retail chain in Canada, with 232 domestic and 1 international location. The Company's Canadian bricks-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a growing 12% share of the market. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. The Company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD products. In 2025, the Company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany. Medical Cannabis Distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a 14% share of the German medical cannabis market, built for the purpose of importation and wholesale of medical cannabis products at affordable prices. Among all German medical cannabis procurers, Remexian has one of the most diverse reaches across the globe and is licensed to import from 22 countries including Canada. High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange (the "TSXV") in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION Media Inquiries Omar Khan Chief Communications and Public Affairs Officer High Tide Inc. [email protected] 403-770-3080 Investor Inquiries Vahan Ajamian Capital Markets Advisor High Tide Inc. [email protected] CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the receipt of regulatory approvals for the store openings; the timing of the new locations opening and beginning to sell recreational cannabis products and consumption accessories for adult use; the expected benefits of the store locations; the level of competition in the area; and the ability to reach our goal of adding at least 20 stores this year. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. SOURCE High Tide Inc.

High Tide Inc.
Aug 31st, 2026
High Tide Continues Canadian Expansion with Three New Canna Cabana Locations

High Tide continues Canadian expansion with three new Canna Cabana locations. August 31, 2026 CALGARY, AB, August 31, 2026 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that, pending regulatory approval, it expects to open three new Canna Cabana locations over a four-day period in Lindsay and Orléans, Ontario, and Regina, Saskatchewan. Once open, these locations will bring High Tide's Canadian Canna Cabana store count to 232, including 105 in Ontario and 14 in Saskatchewan. "Every new store must earn its place in our network. These three locations combine strong traffic, high visibility and favourable competitive dynamics, which are exactly the kind of sites where Canna Cabana's scale, membership base and discount club model can build durable market share and generate attractive returns over time. We are expanding deliberately, not simply chasing store count, and will continue to put site quality and return on invested capital first," said Raj Grover, Founder and Chief Executive Officer of High Tide. "With more than 15 locations currently at various stages of development, we expect a steady cadence of further store announcements through the calendar year-end. We remain on track to meet our goal of adding at least 20 new Cabanas in calendar 2026, funded from internally generated cash flow. I look forward to providing full financial results and operational highlights for the third fiscal quarter on September 14," added Mr. Grover. Lindsay Location The Company's new Canna Cabana located at 351 Kent Street West, Unit 1, in Lindsay, Ontario is expected to begin selling recreational cannabis products and consumption accessories for adult use on September 2, 2026. The Company secured the Lindsay premises through an assignment of an existing lease from an established local operator. The location will be converted to the Canna Cabana banner. Lindsay is the primary municipality in the City of Kawartha Lakes and serves as the regional commercial hub with cottage-country seasonal traffic and limited competitive density. The store benefits from strong visibility along a major shopping corridor and sits directly in front of a regional shopping centre anchored by a national grocer, a national home improvement retailer, and a discount department store. With limited competitive density, this location represents an opportunity to establish Canna Cabana in a region where quality commercial sites are scarce. Orléans Location The Company's new Canna Cabana located at 900 Watters Road in the Orléans community of Ottawa, Ontario is expected to begin selling recreational cannabis products and consumption accessories for adult use on September 4, 2026. Ottawa has been a proven market for Canna Cabana, and this location extends the Company's presence into a major eastern suburb it is not currently serving. The store is situated in a plaza anchored by a grocer, a discount department store, a national bank, and a mix of quick-service restaurants and commercial retail units, placing it in a commercial hub that residents visit as part of their daily routine. This is the first Canna Cabana in this major east Ottawa community, with more than 110,000 residents within five kilometres. Regina Location The Company's new Canna Cabana located at 6250 Rochdale Boulevard in Regina, Saskatchewan is expected to begin selling recreational cannabis products and consumption accessories for adult use on September 5, 2026. The store is located along a major neighbourhood thoroughfare, beside a high-traffic gas station and adjacent to a national quick-service restaurant. The location is in the new northwest Regina node, with approximately 90,000 residents within five kilometres and no competitor within one kilometre. ABOUT HIGH TIDE High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including: Retail: Canna Cabana(TM) is the largest cannabis retail chain in Canada, with 232 domestic and 1 international location. The Company's Canadian bricks-and-mortar operations span British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, holding a growing 12% share of the market. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. The Company also owns and operates multiple global e-commerce platforms offering accessories and hemp-derived CBD products. In 2025, the Company became the first North American cannabis operator to launch a bricks-and-mortar presence in Germany. Medical Cannabis Distribution: Remexian Pharma GmbH is a leading German pharmaceutical company, with a 14% share of the German medical cannabis market, built for the purpose of importation and wholesale of medical cannabis products at affordable prices. Among all German medical cannabis procurers, Remexian has one of the most diverse reaches across the globe and is licensed to import from 22 countries including Canada. High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2025 for the fifth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange (the "TSXV") in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit www.hightideinc.com. For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION Media Inquiries Omar Khan Chief Communications and Public Affairs Officer High Tide Inc. [email protected] 403-770-3080 Investor Inquiries Vahan Ajamian Capital Markets Advisor High Tide Inc. [email protected] CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the receipt of regulatory approvals for the store openings; the timing of the new locations opening and beginning to sell recreational cannabis products and consumption accessories for adult use; the expected benefits of the store locations; the level of competition in the area; and the ability to reach our goal of adding at least 20 stores this year. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at www.sedarplus.ca and www.sec.gov, which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The Dales Report
Aug 15th, 2026
Raj Grover, CEO of High Tide, weighs in on Q3.

Raj Grover, CEO of High Tide, weighs in on Q3. In the latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell continue their earnings-season coverage as M&A momentum builds. High Tide founder and CEO Raj Grover joins for segment one to discuss preliminary Q3 numbers, followed by FundCanna CEO Adam Stettner for his weekly segment on consolidation. The Dales Report open on a Michigan tax fight, then dig into record guidance and the financial signals behind the deal wave. First, the headlines: Michigan Representative James DeSana has filed HB 6224, a one-sentence bill to repeal the state's 24% wholesale cannabis tax that took effect January 1. As Varrell details from his newsletter, the tax was projected to raise $420 million a year for road repair but is running well short - potentially a $210 million shortfall by year end - and it landed on the cheapest legal cannabis market in the country, where adult-use flower has fallen to roughly $58 an ounce, down nearly 40% from a couple of years ago. Grover then walks The Dales Report through High Tide's (NASDAQ: HITI) preliminary Q3 guidance, where even the low end tops the highest analyst estimate on all three metrics: revenue of CAD $195-200 million, gross profit of CAD $51-53.5 million, and adjusted EBITDA of CAD $15.2-16.5 million, with full results due September 14. He credits continued scale and operating leverage - plus added flexibility from a new CAD $40 million senior secured credit facility - across both growth engines: Canada's Canna Cabana, back to positive same-store sales, and Germany's Remexian, which shipped a record 10-plus tonnes and holds roughly 14% share. The Dales Report also get his asset-light philosophy, his U.S. ambitions if rescheduling opens the senior exchanges, and his read on the Curaleaf-Aurora news and where High Tide fits in the consolidation story. In segment two, Stettner returns to unpack the Curaleaf-Aurora bid, reading it as a megaphone signal that M&A is here - an efficient, currency-funded way to buy into international scale while valuations are depressed, provided the back-end execution and cost synergies actually materialize. He shares what he's hearing across capital markets, weighs Vireo Growth's roll-up playbook as the model to watch, and notes FundCanna's own milestone: landing on the Inc. 5000 as the 434th fastest-growing company in America - and 36th in finance - on the back of smoothing cannabis cash-flow cycles that have grown its average client's top line by more than 50%. Give the full episode a listen.

Newswire
Aug 5th, 2026
High Tide closes $29M credit facilities with BMO to cut costs and boost flexibility

High Tide Inc. has closed C$40 million in senior secured credit facilities with Bank of Montreal, increasing financial flexibility and lowering capital costs. The facilities comprise a C$25 million revolving credit facility with a three-year term and a C$15 million delayed-draw term loan. The company used C$6 million from the revolving facility to repay its existing loan with ConnectFirst Credit Union. The remaining funds will support working capital, acquisitions, and investments. The delayed-draw term loan is intended to refinance High Tide's existing C$15 million second-lien debentures. High Tide operates Canna Cabana, Canada's largest cannabis retail chain with 229 domestic locations and one international store. The facilities are secured by substantially all company assets and subject to customary covenants.

Recently Posted Jobs

Sign up to get curated job recommendations

High Tide is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →