High Tide Inc.

NASDAQ•HITI

CEO: Mr. Harkirat Grover

Sector: Healthcare

Industry: Medical - Pharmaceuticals

Listing Date: 2021-01-08

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories. Further, it sells its products through online sales via e-commerce platform. The company offers its products under the Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, and Blessed CBD brands. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.

Contact Information

11127 - 15 Street N.E., Unit 112, Calgary, AB, T3K 2M4, Canada

403-770-9435

www.hightideinc.com

Market Cap

$219.60M

P/E (TTM)

-5.9

468.5

Dividend Yield

52W High

$4.06

52W Low

$1.64

52W Range

36%

Rank52Top 73.5%

2.9

F-Score

Modified Piotroski Analysis

Based on 9-year fundamentals

Weak • 2.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2017-2025

Financial Dashboard

Q4 2025 Data

Revenue

$118.23M+18.61%

4-Quarter Trend

EPS

-$0.37+11718.18%

4-Quarter Trend

FCF

$895.09K-83.74%

4-Quarter Trend

2025 FY Earnings Highlights

Key Highlights

Common Shares Outstanding Total common shares outstanding reached 87,235,986 as of October 31, 2025, reflecting capital structure at year-end.

Total Contractual Obligations Total contractual obligations amounted to $214,478K CAD as of October 31, 2025, detailed across various liabilities.

Secured Financing Mentioned Plans involve utilizing net proceeds from $19.0M credit facility and $30M Junior Secured Loan for operations and growth.

Risk Factors

US Cannabis Regulatory Risk Risks surround Delta-8 and Delta-9 THC legality; adverse regulatory changes could halt US operations or impact NASDAQ listing.

Supply Chain Cost Pressures Potential for cannabis supply interruptions and inability to effectively manage unanticipated costs and expenses pose operational threats.

Management Retention Challenges Corporation faces risk regarding inability to attract and retain qualified members of Management necessary for business growth.

Outlook

Retail Store Development Plans Intends to complete development of cannabis retail stores and grow online portfolio via strategic, accretive acquisitions moving forward.

Revenue and Sales Projections Expects to hit forecasted revenue and sales projections, making meaningful increases to overall revenue profile this period.

Acquisition Synergy Realization Focus on realizing cost savings, synergies, and benefits from recent and proposed acquisitions, ensuring successful integration of operations.

Peer Comparison

Revenue (TTM)

OMI

$2.76B

-41.0%

TOI

$461.04M

+21.7%

HITI

$424.09M

+13.7%

Gross Margin (Latest Quarter)

OMI

93.9%

-2.1pp

SMTI

92.9%

+2.1pp

LFMD

87.7%

-2.9pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CERS	$409.15M	-26.0	-26.3%	25.4%
IMMP	$388.59M	-6.3	-69.2%	0.8%
RXST	$313.31M	-8.1	-14.0%	3.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

5.7%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Mar 16, 2026

EPS:-

Revenue:$173.47M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data