High Tide Reports Record Q3 Earnings Amid Strong Canadian and German Operations
High Tide Inc. (NASDAQ:HITI) reported record third-quarter fiscal 2026 results, with revenue rising 33% year over year to CAD 198.8 million. Adjusted EBITDA increased by 52% to CAD 16.2 million and operating income reached CAD 8.7 million, reflecting strong performance in both its Canadian retail cannabis business and German medical cannabis distribution operations. The company generated CAD 7 million in free cash flow during the quarter, marking a high for four quarters. High Tide remains focused on expanding its Canna Cabana store network in Canada with plans to add 20 stores by year-end. In Germany, Remexian sold 10.2 metric tons of medical cannabis and generated CAD 38.2 million in revenue. Management emphasized disciplined growth strategies while exploring international opportunities such as the U.K., but prioritizing operations in its core markets.
Tickers: $HITI
Topics: cannabis financial performance international growth retail expansion