Added to YB: 2026-03-23
Pitch date: 2026-03-19
HITI [neutral]
High Tide Inc.
Author Info
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Company Info
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally.
Market Cap
CAD 279.3M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.68
P/E
-6.05
EV/Sales
0.58
Sector
Pharmaceuticals
Category
growth
High Tide Q1 FY26 Update – HITI
HITI (earnings): Q1 rev $178.3M (+26% YoY, +9% QoQ), adj EBITDA $11.5M, 6.4% margin (+140bps YoY). Canada retail driving margin expansion to 28% (vs 25% last yr) via ELITE memberships & white label. Remexian (Germany) added $25M rev but -$0.3M EBITDA on Portugal biomass issues; Feb run-rate $12M/mo at 20% margin signals normalization. Trades ~6x EV/TTM EBITDA, est 15-17x 2026 FCF. Risk: new store productivity may lag.
Read full article (4 min)