#Canada #High Tide #Canna Cabana #Calgary #Remexian Pharma

High Tide's Transformative Year in 2025

High Tide Inc. has marked 2025 as a transformative year in its journey as a leading cannabis retailer. With significant milestones achieved, the company is poised for not just growth within Canada but also expansion into international markets. The accomplishments of 2025 underscore High Tide's strategic objectives and relentless focus on operational excellence.

Milestones Achieved

This year saw High Tide reach the impressive mark of over 200 retail locations, a testament to the company's commitment to expanding its footprint in the cannabis sector. Notably, the company's Canna Cabana brand emerged as the largest cannabis retail network in Canada, boasting a membership that now exceeds 2.4 million in its Cabana Club and particularly 139,000 ELITE members, further cementing its position as a leader in customer loyalty within the industry.

In addition to domestic success, High Tide made its entry into the German medical cannabis market, a strategic move facilitated by its acquisition of a majority stake in Remexian Pharma GmbH. This acquisition positions High Tide as one of the largest importers and distributors of medical cannabis within Germany, significantly enhancing its capabilities and market presence in Europe.

Financial Performance

Financially, High Tide reported impressive growth metrics, with annualized revenue run-rate climbing to approximately $600 million, excluding contributions from its new German business. The company also demonstrated a strong adjusted EBITDA run-rate of over $42 million, reflecting robust financial health and effective cost management strategies implemented over the year. High Tide's ability to maintain a positive cash flow while navigating expansion reflects the strength of its operational model.

The retail performance was also noteworthy, with sales per square foot reaching an impressive $1,735 across its Canna Cabana stores. This accomplishment suggests that High Tide is not just expanding; it is doing so effectively and profitably.

Future Outlook

Looking ahead, the CEO of High Tide, Raj Grover, articulated optimism regarding future growth trajectories, emphasizing the company's potential to capture substantial market share both in international markets and within the United States. As High Tide prepares for 2026, the focus will remain on reinforcing its brand and expanding its operational capabilities, with a clear vision of long-term shareholder value.

Recognition

High Tide's achievements have not gone unnoticed; the company has garnered numerous accolades, including a spot on the Globe and Mail's Report on Business annual ranking of Canada's top growing companies for the fifth consecutive year. Furthermore, High Tide has been recognized as a top company by the TSX Venture Exchange, reflecting its dynamic growth and strong market presence.

Conclusion

In conclusion, 2025 has proven to be a landmark year for High Tide, characterized by remarkable growth, strategic acquisitions, and an unwavering commitment to delivering value to shareholders. As the company continues to expand its global footprint and enhance its operational efficiency, stakeholders can anticipate a bright future for High Tide, firmly establishing its position as a frontrunner in the cannabis industry.