High Tide (HITI) Company Report

High Tide Inc. has opened its first international Canna Cabana in Berlin, Germany, marking its formal bricks-and-mortar entry into Europe and the German market.
The new store, located in Berlin-Mitte, focuses on cannabis accessories and consumer lifestyle goods.
This makes High Tide the first publicly traded North American cannabis operator to establish a bricks-and-mortar presence in Europe's largest cannabis market.
This opening is a key part of High Tide's broader European retail strategy, following its recent acquisition of Remexian Pharma GmbH, a licensed medical cannabis importer and distributor in Germany.

6 days ago

6-K

High Tide Opens First European Canna Cabana in Berlin

HITI

New Projects/Investments

M&A

High Tide Inc. (HITI) has opened its first international Canna Cabana in Berlin, Germany, marking its formal entry into the European and German markets.
This new bricks-and-mortar location in Berlin-Mitte is a key part of High Tide's European retail strategy, building on its recent acquisition of Remexian Pharma GmbH, a German medical cannabis importer and distributor.
Germany is identified as Europe's largest cannabis market, with government data showing imports surpassing a record 143 tonnes in the first three quarters of 2025.
High Tide's Canna Cabana is now the second-largest cannabis retail brand globally, operating 215 domestic and 1 international location.

7 days ago

Press Release

High Tide to Open Four New Canna Cabana Locations

HITI

New Projects/Investments

Executive Compensation

High Tide Inc. will open four new Canna Cabana branded locations across Alberta and Ontario, increasing its total store count to 215 Canna Cabana locations across Canada.
The new stores are located in Calgary (opening November 13, 2025), Scarborough (expected November 17, 2025), Kitchener (expected November 18, 2025), and Nepean (expected November 20, 2025).
With 24 new locations opened in 2025 to date, High Tide remains on track to meet the higher end of its 20-to-30 new-store target for 2025.
Additionally, High Tide granted 61,000 incentive stock options to various employees.

Nov 12, 2025, 1:00 PM

Press Release

High Tide Raises Long-Term Targets and Celebrates Cabana Club Anniversary

HITI

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

High Tide Inc. is celebrating the four-year anniversary of its Cabana Club discount model and has raised its long-term targets to 3 million Cabana Club members and 350 Canna Cabana locations across Canada.
The Cabana Club membership has grown by 800% since its launch in October 2021, reaching 2.2 million members today, making it the largest cannabis loyalty program globally.
Canna Cabana currently operates 210 locations and holds a 12% market share in the five provinces where it has a presence for the quarter ended July 2025.
Canna Cabana is recognized as Canada's most recognizable cannabis retailer, with 29% national consumer awareness in Q3 2025, and 49% of daily cannabis users shopping most often at Canna Cabana.

Oct 21, 2025, 12:30 PM

6-K

High Tide Raises Long-Term Targets and Reports Strong Growth in Canna Cabana Memberships and Market Share

HITI

Guidance Update

Revenue Acceleration/Inflection

High Tide Inc. has raised its long-term targets to 3 million Cabana Club members and 350 Canna Cabana locations across Canada.
Canna Cabana has been named Canada's most recognizable cannabis retailer, with 29% national consumer awareness in Q3 2025.
The Cabana Club membership has grown 800% to 2.2 million members since its launch in October 2021, with member purchases representing over 90% of in-store sales.
Canna Cabana achieved a 12% market share in the five provinces where it operates for the quarter ended July 2025.
The Canadian adult-use cannabis industry reached $5.5 billion in retail sales for the 12 months ending July 2025.

Oct 21, 2025, 12:00 PM

Press Release

High Tide recognized as a Top Growing Company for fifth consecutive year and expands into European market

HITI

Revenue Acceleration/Inflection

M&A

New Projects/Investments

High Tide Inc. has been recognized for the fifth consecutive year on the 2025 Report on Business ranking of Canada's Top Growing Companies.
For 2025, the company placed No. 182 out of 400 companies with a three-year revenue growth rate of 188%, following a 2024 ranking of 87th with a 486% three-year growth rate.
The company recently completed a majority acquisition of Remexian, marking its entry into Europe's largest cannabis market, which is expected to enhance its revenue profile and broaden its international footprint.

Sep 26, 2025, 3:59 PM

6-K

High Tide Inc. Ranks on Canada's Top Growing Companies List for Fifth Consecutive Year

HITI

Revenue Acceleration/Inflection

M&A

New Projects/Investments

High Tide Inc. was ranked No. 182 on the 2025 Report on Business ranking of Canada's Top Growing Companies, marking its fifth consecutive year on the list.
The company achieved a three-year revenue growth rate of 188% for the 2025 ranking, following a 486% growth rate and a No. 87 ranking in 2024.
The recent majority acquisition of Remexian is expected to enhance revenue, broaden international footprint, and create new growth opportunities by entering Europe's largest cannabis market.
High Tide's wholly-owned subsidiary, Canna Cabana, operates as the largest cannabis retail chain in Canada with 210 locations and holds a 12% market share.

Sep 26, 2025, 3:30 PM

Press Release

High Tide to Open Three New Canna Cabana Locations

HITI

New Projects/Investments

Revenue Acceleration/Inflection

High Tide Inc. announced the opening of three new Canna Cabana branded locations in North York, Etobicoke (Ontario), and Fort McMurray (Alberta), with openings scheduled between September 26 and September 29, 2025.
These new openings will bring High Tide's total Canna Cabana store count to 210 locations across Canada, including 89 in Alberta and 88 in Ontario.
The company plans to accelerate store openings, targeting two to three new locations per month, which will be self-funded from profits.
Canna Cabana is recognized as the second-largest cannabis retail brand globally and the largest cannabis retail chain in Canada, holding a 12% market share.

Sep 24, 2025, 12:00 PM

Press Release

High Tide Inc. Completes Acquisition of 51% Stake in Remexian Pharma GmbH

HITI

M&A

New Projects/Investments

High Tide Inc. completed the acquisition of a 51% equity stake in Remexian Pharma GmbH on September 1, 2025.
The estimated purchase price for the 51% interest was €26.4 million, which represents 3.64065 times Remexian's Annualized Adjusted EBITDA for the six months ended March 31, 2025.
The consideration for the acquisition included €11.1 million in High Tide common shares, €7.65 million in cash, and €7.65 million via loans from the sellers.
High Tide has a five-year call option to acquire the remaining interest in Remexian after 24 months, with a minimum price of €15 million and at least 40% cash payment if exercised.

Sep 19, 2025, 7:24 PM

6-K

High Tide Reports Record Q3 Results and German Market Entry

HITI

Earnings

M&A

Revenue Acceleration/Inflection

High Tide reported record Q3 revenue of $149.7 million and adjusted EBITDA of $10.6 million for the quarter ended July 31, 2025, alongside $7.7 million in free cash flow.
The company expanded into the German medical cannabis market by acquiring 51% of Ramexian Pharma for €26.4 million on September 2, 2025, with Ramexian generating annualized revenue of €70 million and €15 million in adjusted EBITDA for the six months ended March.
High Tide's Canna Cabana operates as the largest retail cannabis brand in Canada with over 207 stores, demonstrating 137% same-store sales growth since October 2021 and holding a 12% market share.
Its ELITE loyalty program has grown to 115,000 paying members, contributing to strong customer loyalty and increased sales.