Question · Q3 2025
William Joseph Kirk asked about the primary drivers behind High Tide's accelerating same-store sales growth, differentiating between broader industry improvements and the company's market share gains, and the impact of competitor closures. He also inquired about High Tide's long-term strategy for potential entry into the United States market.
Answer
Raj Grover, Founder, CEO & President of High Tide, attributed the robust same-store sales growth to the company's superior retail model, highlighting a 137% increase over four years compared to a 2% decline for peers. He noted that competitor closures contribute minimally, as they typically involve underperforming stores. Regarding the U.S., Mr. Grover emphasized strong relationships with Canadian Licensed Producers eager to partner globally, including for future U.S. expansion, and mentioned studying licensing plays.