High Tide Reports Record Financial Performance in Q3 2026
High Tide Inc. (HITI) reported strong financial results for the third quarter of fiscal year 2026, with revenue reaching $198.8 million—a 33% increase compared to last year and its fastest growth rate in over a decade. The company achieved record net income of $12.7 million driven by operational improvements and favorable changes in derivative liabilities. Adjusted EBITDA rose sharply by 53%, reflecting improved operating leverage, while free cash flow reached $7.0 million for the quarter. The Canadian retail segment reported consistent gross margins at 27% with same-store sales matching prior-year levels despite a challenging macroeconomic environment. The company also highlighted growth in its Cabana Club and ELITE loyalty programs, which now have over two million members combined. Remexian, High Tide’s German medical cannabis subsidiary, saw significant sequential revenue gains as demand increased. Despite the positive results, management noted ongoing challenges including consumer spending caution due to inflationary pressures and competitive threats from copycat models in certain markets.
Tickers: $HITI
Topics: adjusted EBITDA gross profit net income revenue store expansion