High Tide stock reports record revenue as store count expands

Published on 10/06/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

High Tide stock traded at USD 2.75 on Nasdaq on October 6, 2026, with a 52-week range of USD 2.02 to USD 3.80. Q3 revenue reached CAD 198.8 million.

HITI, CA42981E4013, Illustration mit AI erstellt.

High Tide Inc. (ISIN CA42981E4013) was trading at USD 2.75 on Nasdaq on October 6, 2026 at 10:04 a.m. ET, up 0.55 percent from the prior close. The companys latest reported quarter delivered record revenue of CAD 198.8 million and record net income of CAD 12.7 million.

Record quarter sets the tone

According to PR Newswire on September 14, 2026, revenue for the third fiscal quarter ended July 31, 2026 rose 33 percent from CAD 149.7 million a year earlier. It was the fifth consecutive quarter with a new revenue record, while gross profit increased 32 percent to CAD 52.7 million.

Profitability also improved. Adjusted EBITDA reached CAD 16.2 million, up 53 percent year over year from CAD 10.6 million, and the adjusted EBITDA margin reached 8.2 percent, the highest level in 12 quarters.

Profit growth beats store expansion

High Tide generated CAD 12.7 million of net income in fiscal Q3 2026, compared with CAD 0.8 million in the prior-year quarter. Income from operations rose 133 percent to CAD 8.7 million, while free cash flow reached CAD 7.0 million for the period, according to PR Newswire.

The operating picture extends beyond the headline figures. Canna Cabana held a 14 percent share of the Canadian cannabis retail market in the provinces where it operates, excluding British Columbia, up from 13 percent a year earlier. Its network had 232 operating locations at the end of the reported quarter.

Analyst target stays above Nasdaq price

MarketBeat reported on September 7, 2026 that five analysts gave High Tide a consensus rating of Moderate Buy and an average price target of USD 5.62, with ratings ranging from Strong Buy to Sell. Against the USD 2.75 Nasdaq price on October 6, 2026, that average target places the price 51.1 percent below the target.

The next operating checkpoint is a planned Canna Cabana opening in Peterborough, Ontario. As Yahoo Finance reported on October 1, 2026, the store is expected to begin selling on October 15, 2026, pending regulatory approval, which would bring the Canadian store count to 233.

HITI remains below its yearly high

High Tide had a market capitalization of USD 241.2 million on October 6, 2026. The stock was trading within its USD 2.02 to USD 3.80 52-week range, leaving the current price USD 1.05 below the yearly high while the latest quarter supplies the stronger operating signal.