High Tide posts record Q3 revenue of CAD 198.8M and adjusted EBITDA of CAD 16.2M, bolstered by robust growth in its German medical cannabis distribution business and disciplined cost management across its Canadian retail footprint.
Record Q3 revenue of CAD 198.8M, up 33% YoY, with adjusted EBITDA up 52%, operating income up 133%, and free cash flow at CAD 7M, though same-store sales were flat due to smaller baskets and price compression.
High Tide Inc. (HITI) delivered record fiscal third-quarter 2026 results, with revenue climbing 33% year-over-year to CAD 198.8 million. The company achieved significant operational milestones, including a 52% increase in adjusted EBITDA and CAD 7 million in free cash flow, driven by strong performance in its Canadian retail network and German medical cannabis distribution arm, Remexian.
The record performance was driven by operating leverage, effective cost controls, and strong growth in both the Canadian Canna Cabana retail network and the German medical cannabis distribution business, Remexian.
The company remains on track to add 20 new Canna Cabana stores in 2026, with 14 already opened, aiming for a long-term national target of 350 locations.