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

High Tide Achieves Record Revenue and Growth in Q3 2025 Financial Results

On September 15, 2025, High Tide Inc. (Nasdaq: HITI) shared its impressive financial results for the third fiscal quarter of 2025, ended July 31, 2025. Highlights from the report emphasize record-breaking revenue, a significant rise in adjusted EBITDA, positive net income, and substantial free cash flow, underscoring the company’s strong market presence.

Key Financial Achievements

• - Record Revenue: High Tide reported $149.7 million in revenue for the third quarter, reflecting a 14% increase compared to the same quarter the previous year. This marks the highest growth rate for the company in seven quarters. Additionally, revenue showed a 9% uptick when compared sequentially.
• - Adjusted EBITDA: For the quarter, Adjusted EBITDA reached $10.6 million, which represents an 11% growth year-over-year and a remarkable 32% increase sequentially. This achievement marks High Tide's 22nd consecutive positive quarter.
• - Net Income: The company posted a net income of $832,000, showing a 1% rise from the prior year and a notable recovery from a net loss recorded in the previous quarter of $2.8 million.
• - Free Cash Flow: On the liquidity front, High Tide generated $7.7 million in free cash flow, which is a 148% jump year-over-year and a 57% increase from the previous quarter. Over the last four quarters, the company produced a total of $16.6 million in free cash flow while expanding its retail footprint by opening several new stores.

Operational Milestones

During this quarter, High Tide's retail brand Canna Cabana maintained its leadership position in the Canadian cannabis retail market with 207 operating stores across multiple provinces. The brand experienced an impressive same-store sales increase of 7.4%, the fastest growth rate recorded in two years.
Some of the notable achievements include:

• - Membership Growth: The Cabana Club has surpassed 2.15 million members, a 39% increase year-over-year, and saw a 13% increase sequentially. The paid ELITE membership tier also achieved a remarkable growth, exceeding 115,000 members in Canada.
• - Market Share Expansion: Canna Cabana captured a 12% share of the Canadian cannabis retail market, up from 11% last year. The average revenue generated by a Canna Cabana store was found to be 2.1 times greater than its peers.
• - Expansion Plans: High Tide opened seven new Canna Cabana locations across Ontario, Manitoba, and Alberta during Q3, with four additional openings announced in August, bringing their total to 207 stores.

Strategic Initiatives and Future Outlook

One major strategic development was the closing of High Tide's acquisition of a 51% stake in Remexian Pharma GmbH, which strengthens the company's foothold in Germany’s medical cannabis market. This acquisition positions High Tide as a prominent player not only in Canada but also in Europe’s largest cannabis market, diversifying its revenue streams and enhancing growth potential.
CEO Raj Grover expressed confidence in the company's loyalty-driven discount club model, stating, “I'm thrilled to share that this has been our most powerful quarter to date across nearly every financial metric.” His outlook remains optimistic with plans for future growth including a target of over 300 Canna Cabana locations across Canada.

High Tide continues to expand its product offerings between its flagship brands, with a diverse range of cannabis products now available in its stores. As the company maneuvers through an evolving market landscape, it remains focused on sustainable growth powered by strong free cash flow generation.

In summary, High Tide's Q3 financial results reflect robust operational efficiency, strong market positioning, and a clear roadmap for continued expansion and success in the rapidly growing cannabis sector. To keep updated, stakeholders are encouraged to tune into the upcoming webcast scheduled to discuss the company's results and future strategies further.