High Tide Achieves Milestone in Canada's Top Growing Companies for the Sixth Year

High Tide Inc. Recognized as a Leading Growth Company in Canada

High Tide Inc. has been named to the 2026 Report on Business ranking of Canada's Top Growing Companies for the sixth consecutive year. This recognition highlights the company’s impressive revenue growth and establishment as a key player in the cannabis retail space. Based in Calgary, Alberta, High Tide has shown a remarkable three-year revenue growth rate of 66% during the 2022 to 2025 measuring period, which has earned it the 315th spot among 375 of the most rapidly growing companies in Canada.

This achievement is a testament to High Tide’s commitment to creating real value across various aspects of the cannabis industry. The company significantly improved its profitability profile as well, with an astounding 161% increase in Adjusted EBITDA over the same period. This consistent growth reflects the company's effective business model and its focus on enhancing customer experience.

Raj Grover, the Founder and CEO of High Tide, expressed pride in the team’s accomplishments. He mentioned, "This milestone is something our entire team should take pride in. Our focus on providing value and executing with discipline has helped us grow Canna Cabana into Canada's largest cannabis retail chain. We have built a loyal customer base, and seeing the Adjusted EBITDA more than double over the past three years is a huge achievement."

Looking at future prospects, Grover noted that the company is on track to reach an annualized revenue run rate of $800 million. In addition, High Tide's expansion into Germany through its subsidiary Remexian Pharma GmbH has opened new avenues for growth in the European cannabis market. This expansion underscores the company's commitment to scaling operations internationally.

High Tide, with its Canna Cabana brand, has established itself as a leader in the Canadian cannabis market. The brand has not just facilitated cannabis sales but has also pioneered the concept of cannabis discount clubs, thus making it affordable for more consumers. With 232 locations across Canada and a growing international presence, High Tide continues to solidify its standing in the industry.

In 2021, Canna Cabana became the first cannabis discount club retailer globally, further enhancing its competitive edge. Moreover, High Tide’s entry into the German market represents a strategic move to diversify its operations and tap into new revenue streams. As the second-largest cannabis retail brand worldwide, the company aims to provide affordable access to medical cannabis through its German subsidiary, which holds a significant market share in the region.

The ranking of Canada's Top Growing Companies is an editorial acknowledgment aimed at celebrating innovative businesses that demonstrate impressive growth. To qualify, firms must go through a stringent application process that verifies their financial performance. With 375 companies recognized this year, it's clear that the landscape of Canadian business is dynamic and filled with opportunities.

High Tide's repeated recognition in this prestigious list highlights its resilience and forward-thinking approach amidst changing market dynamics. The accolades don’t stop here; the company has also been recognized among the top 50 by the TSX Venture Exchange in 2022, 2024, and 2025, and was deemed the number one retail company in the Financial Times' list of America's Fastest Growing Companies for 2023.

As it moves ahead, High Tide remains committed to its core values of quality and community engagement. Its ongoing efforts to provide exceptional products and services continue to resonate with consumers. The company attributes a significant part of its success to the strong support from its team, members, and shareholders.

For those interested in more information about High Tide, you can visit their website at www.hightideinc.com. High Tide’s profile can also be found on SEDAR+ and EDGAR for those looking into investment opportunities and company performance metrics. Through continued innovation and expansion, High Tide seems poised for sustained growth and success in the evolving cannabis market.