HITI

High Tide Inc. (HITI:CA) Q3 2026 Earnings Call Transcript

High Tide NASDAQ: HITI reported record third-quarter fiscal 2026 results, with management highlighting growth in both its Canadian retail cannabis business and German medical cannabis distribution operations.

RECORD Quarterly Revenue of $199 Million and Annualized Revenue Run Rate of Approximately $800 Million RECORD Gross Profit of $52.7 Million RECORD Adjusted EBITDA of $16.2 Million RECORD Income From Operations of $8.7 Million RECORD Net Income of $12.7 Million RECORD Cash Flow From Operations Before Changes in Non-Cash Working Capital of $11.9 Million, With Free Cash Flow of $7.0 Million Canna Cabana Held a 14% Share of the Cannabis Retail Market in the Provinces Where it Operates, Excluding British Columbia, Up From 13% a Year Ago1 CALGARY, AB, Sept. 14, 2026 /PRNewswire/ -- High 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, today released its financial results for the third fiscal quarter of 2026 ended July 31, 2026, the highlights of which are included in this news release.

High Tide is more than a typical cannabis retailer; it operates as a multinational cannabis-distribution platform. Canna Cabana store locations drive customer relationships, generate cash flow, and enhance HITI's brand equity. Recent Q2 2026 earnings highlight key strengths and operational momentum supporting the investment thesis.

CALGARY, AB, Aug. 31, 2026 /PRNewswire/ -- High 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, pending regulatory approval, it expects to open three new Canna Cabana locations over a four-day period in Lindsay and Orléans, Ontario, and Regina, Saskatchewan. Once open, these locations will bring High Tide's Canadian Canna Cabana store count to 232, including 105 in Ontario and 14 in Saskatchewan.

CALGARY, AB, Aug. 25, 2026 /PRNewswire/ -- High 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 July 31, 2026, after financial markets close on Monday, September 14, 2026. High Tide's third fiscal quarter 2026 financial and operational results will be available on SEDAR+, EDGAR, and on the Company's website at https://hightideinc.com/invest.

CALGARY, AB, Aug. 12, 2026 /PRNewswire/ -- High 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 the voting results from its annual general and special meeting of shareholders of the Company held on August 11, 2026 (the "Meeting"). Each nominee listed in the Company's management information circular dated June 29, 2026, was elected as a director of the Company.

New facilities materially increase financial flexibility and lower the Company's cost of capital CALGARY, AB, Aug. 5, 2026 /PRNewswire/ -- High 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 has closed its previously announced senior secured credit facilities with Bank of Montreal ("BMO") in the aggregate principal amount of C$40 million (the "New Credit Facilities"). The closing follows the Company's June 15, 2026, announcement that it had secured credit approval from BMO.

The Company Expects Record Revenue, Gross Profit and Adjusted EBITDA Ahead of Analyst Forecasts The Company Also Announces Record Quarterly Distribution of Over 10 Tonnes of Medical Cannabis Flower Through Remexian Pharma GmbH, Further Accelerating its German Market Position CALGARY, AB, Aug. 4, 2026 /PRNewswire/ -- High 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, is pleased to release guidance estimates regarding anticipated results for its third fiscal quarter ended July 31, 2026. Management Guidance Range (C$, MM) Implied Sequential Change Implied Year Over Year Change Analyst Expectations 1 (C$, MM) Low High Low High Low High Low Consensus High Revenue $195.0 $200.0 9 % 12 % 30 % 34 % $180.8 $183.4 $185.3 Gross Profit $51.0 $53.5 5 % 11 % 27 % 33 % $49.1 $49.3 $49.7 Adjusted EBITDA2 $15.2 $16.5 9 % 19 % 43 % 55 % $13.0 $14.0 $14.4 1 Based on FactSet as at August 3, 2026.

CALGARY, AB, July 30, 2026 /PRNewswire/ -- High 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, further to its press release dated June 15, 2026, that it has completed the acquisition contemplated by the share purchase agreement dated June 12, 2026 (the "Acquisition Agreement") pursuant to which High Tide acquired 100% of the equity interest of J. Supply Holdings Inc., operating as Northern Helm ("Northern Helm"), resulting in High Tide's acquisition of four retail cannabis stores operated by Northern Helm in Ontario (the "Stores") for $7.77 Million (the "Transaction").