Financial Performance - The company generated $137.8 million in revenue for the second fiscal quarter of 2025, an increase of 11% year over year, and 12% when accounting for one fewer day in the quarter [7][11][13] - Gross profit was $35.5 million, consistent year over year, with a gross profit margin of 26%, down from 28% the previous year [11][13] - Adjusted EBITDA was $8.1 million, marking the 21st consecutive positive quarter, although it decreased from $10.0 million in the previous year [11][13] - The company reported a net loss of $2.8 million, compared to net income of $0.2 million in the prior year [11][13] Operational Highlights - The company operates 200 Canna Cabana locations across Canada, maintaining its position as the largest cannabis retail brand in the country [6][11] - Daily same-store sales increased by 6.2% year over year, the fastest growth rate in five quarters [11][12] - Canna Cabana achieved a 12% market share in the cannabis retail market, up from 11% the previous year [11][12] Membership Growth - Cabana Club membership reached 1.9 million, a 33% increase year over year, with ELITE memberships surpassing 97,000, a 120% increase year over year [11][12][17] - Global Cabana Club membership exceeded 5.87 million, including 104,700 ELITE members [11][12][17] Strategic Initiatives - The company is in exclusive discussions regarding a transaction with a leading German medical cannabis importer and wholesaler, with due diligence in the final stages [5][22] - The company submitted a model project proposal to the German Federal Office for Agriculture and Food related to the study of commercial cannabis use by adults [7][22] Product Offerings - The company currently sells 67 cannabis and accessory SKUs across its brands, with plans for new product launches expected this summer [8][20] - The company continues to expand its white label product offerings under the Queen of Bud and Cabana Cannabis Co. brands [20]

High Tide to Announce Second Fiscal Quarter 2025 Financial ResultsHigh 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 it will release its financial and operational results for the quarter ended April 30, 2025, after financial markets close on Monday, June 16, 2025. High Tide’s second fiscal quarter 2025 financial and operational results will ...

Core Insights - High Tide Inc. will release its financial and operational results for the quarter ended April 30, 2025, on June 16, 2025, after market close [1] - A webcast will be held on June 17, 2025, at 11:30 AM Eastern Time to discuss the results and future outlook [2] Company Overview - High Tide is a leading retail-forward cannabis enterprise and the second-largest cannabis retailer globally by store count, with 200 locations across Canada [4][10] - The company operates various components of the cannabis industry, including retail, e-commerce, and wholesale distribution [4][5][6] Retail Operations - Canna Cabana™ is the largest cannabis retail chain in Canada and was the first cannabis discount club retailer globally [4] - High Tide employs Fastendr™, an automated technology for a better retail experience [5] Product and Brand Portfolio - High Tide has a diverse brand roster, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™ [6] - The company is also involved in the CBD market through various platforms [6] Recognition and Growth - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [8]

Core Insights - High Tide Inc. is set to open its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, on June 3, 2025, marking a significant milestone in its growth strategy [1][3] - The new store is strategically located in Sherwood Park Mall, a key retail hub that attracts substantial foot traffic, serving a community with a population exceeding 75,000 [2] Company Growth and Strategy - The company has focused on high-traffic, high-potential locations, avoiding subpar deals that have led to store closures in the cannabis sector, thus ensuring sustainable growth [3] - High Tide's growth has been primarily funded by its own cash flow, with a significant portion driven organically, which is considered rare in the cannabis retail industry [3] - The company aims to surpass 300 stores in Canada, continuing its responsible and strategic approach to growth [3] Retail Operations - High Tide operates the largest cannabis retail chain in Canada, with 200 locations across various provinces, including British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario [4] - The company has introduced innovative retail technology, such as Fastendr™, which enhances the customer buying experience through automated kiosks [5] Brand and Product Diversification - High Tide boasts a diverse brand portfolio, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [6] - The company is also involved in the CBD market through various platforms, expanding its product offerings beyond traditional cannabis [6] Industry Recognition - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [8]

Core Viewpoint - High Tide Inc. is expanding its retail cannabis footprint in Canada with new store openings in Brantford, Ontario, and Calgary, Alberta, bringing its total to 199 Canna Cabana locations across the country [1][6]. Group 1: Store Openings - The Canna Cabana store in Brantford will start selling recreational cannabis products on May 20, 2025, while the Calgary location will open on May 23, 2025 [1]. - The Brantford location is situated in a shopping plaza serving over 110,000 people, with limited competition in the area, making it a strategic entry point for the company [2]. - The Calgary store is located in a rapidly growing area with no competitors within a 4-kilometer radius, surrounded by residential neighborhoods and a shopping plaza [3]. Group 2: Strategic Expansion - The company is focused on reinvesting profits to expand its physical presence in markets with strong long-term potential, as demonstrated by the new store openings [4]. - High Tide aims to accelerate its store rollout, nearing the milestone of 200 Canna Cabana locations, with more locations under construction expected to be announced throughout the year [5]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a diversified and fully integrated operation across all components of cannabis [6]. - Canna Cabana is the largest cannabis retail chain in Canada, with 199 locations across various provinces, and was the first cannabis discount club retailer in the world [6]. - The company has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [10].

Core Insights - High Tide Inc. is expanding its retail presence with the opening of a new Canna Cabana store in Cornwall, Ontario, set to begin sales on May 12, 2025, bringing the total store count to 197 across Canada and 81 in Ontario [1][4] Group 1: Expansion Strategy - The new store is strategically located beside a national grocery chain in a high-traffic shopping center, targeting a community of over 50,000 people with little local competition [2] - The company aims to reach its milestone of 200 Canna Cabana locations by the end of May 2025, driven by free cash flow and a focus on high-quality real estate [4] Group 2: Market Position - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a diversified and fully integrated operation across all components of cannabis [5] - Canna Cabana is the largest cannabis retail chain in Canada, with a unique loyalty-focused retail model contributing to leading same-store sales in the industry [4][5] Group 3: Innovation and Technology - High Tide employs Fastendr™, a fully automated technology that enhances the buying experience through retail kiosks for browsing, ordering, and pickup [6] - The company operates a suite of leading accessory e-commerce platforms, further diversifying its revenue streams [6] Group 4: Brand Portfolio - High Tide's brand roster includes several consumer-facing brands such as Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [7] - The company is also involved in the CBD market through various online platforms, expanding its product offerings [7] Group 5: Recognition and Growth - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [9]

In the latest market close, High Tide Inc. (HITI) reached $2.41, with a -0.41% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.15% for the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.09%.The company's shares have seen an increase of 22.84% over the last month, surpassing the Medical sector's loss of 4.39% and the S&P 500's loss of 0.21%.Investors will be eagerly watching for the performa ...

Core Insights - High Tide Inc. reported CAD $6.8 million in total retail gross revenues during the 4/20 long weekend, marking a 10% increase compared to the previous week [1] - The company launched its largest 4/20 customer appreciation giveaway, awarding a grand prize of CAD $100,000 [2] - The 4/20 giveaway was modified to feature a cash prize instead of a Tesla Model Y, with the winner being an ELITE member from Winnipeg [3] Financial Performance - Total sales during the 4/20 weekend reached CAD $6.8 million, reflecting strong sales momentum across all retail channels [1][4] - The increase in sales indicates a successful customer-first strategy that positions Canna Cabana as a leading retail brand in the cannabis sector [4] Customer Engagement - High Tide has over 1.8 million Cabana Club members, with ELITE memberships growing at an accelerated rate [5] - The annual 4/20 giveaway was open to all legal-age Canadians, reinforcing the company's commitment to customer engagement and loyalty [5] Employee Incentives - High Tide granted 136,000 incentive stock options to employees, consultants, and management, which are exercisable at the closing price of the company's common shares [6] Company Overview - High Tide is the second-largest cannabis retailer globally by store count, with 196 locations across Canada [7] - The company operates various retail and e-commerce platforms, including Canna Cabana and several accessory e-commerce sites [8][9] - High Tide has been recognized as one of Canada's Top Growing Companies and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [11]

Marijuana Tech Stocks For The New Age Cannabis InvestorsWhat is going to happen to marijuana stock and when will the sector bounce? This is the long-standing question and roadblock for many who hold shares of cannabis stocks. With the current political climate in the USA, it is not easy to have strong convictions of positive market outcomes. To further explain it is not that volatile pops can not happen as that is happening now. But with many issues in the way for investors and legal operators, it impacts t ...

Core Insights - High Tide Inc. has opened a new Canna Cabana retail cannabis store in Cochrane, Alberta, increasing its total store count to 196 across Canada, with 85 located in Alberta [1][4] - The new store is strategically positioned to serve over 8,000 residents in an area with no current cannabis retail competition, enhancing High Tide's market presence [2][4] - The company is actively pursuing entry into the German medical cannabis market, aiming to become a major importer and distributor of Canadian medical cannabis products [3][5] Company Expansion - The new Cochrane store reflects High Tide's commitment to expanding in markets with strong long-term potential, aiming to become the preferred cannabis retailer for local residents [4] - High Tide's Cabana Club loyalty program is gaining traction, with ELITE signups accelerating, indicating strong brand loyalty and customer engagement [4] - The company has generated $1.7 billion in Canadian cannabis sales since 2018, which has attracted interest from potential partners in Germany [3][5] Market Opportunities - The German medical cannabis market is experiencing rapid growth, with imported dried flower volumes exceeding 70 tons in 2024, more than doubling from the previous year [5] - High Tide is exploring alternative acquisition targets after pausing the Purecan acquisition, aiming to leverage its Canadian sales success to establish a foothold in the German market [5] - The company is focused on delivering an unmatched retail experience and providing value to customers as it expands its operations [4]