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

High Tide Projects Record Revenue and Growth for Q3 2026

High Tide Inc. has announced its preliminary guidance for Q3 2026, revealing optimistic expectations for its financial performance in the upcoming quarter. The company anticipates setting new records for revenue, gross profit, and Adjusted EBITDA, significantly surpassing analyst expectations.

Strong Anticipated Metrics

The company expects revenue to fall between CAD 195 million and CAD 200 million, marking a sequential growth of approximately 9% to 12% and a year-over-year increase of 30% to 34%. Additionally, gross profit figures are projected to reach between CAD 51 million to CAD 53.5 million, a year-over-year increase of 27% to 33%. Adjusted EBITDA is also expected to show substantial growth, with estimates ranging from CAD 15.2 million to CAD 16.5 million—indicating a 43% to 55% increase from previous figures. Notably, these projections for all three metrics exceed the highest estimates provided by analysts preceding the announcement.

Raj Grover, the Founder and CEO of High Tide, highlighted the robustness of the global platform the company has established. He stated, "This quarter's guidance demonstrates the growing earnings power of the global platform we have built. We expect to set new company records for revenue, gross profit and Adjusted EBITDA, with significant growth indicative of our company’s strength and market positioning."

Positive Sales Trends

High Tide's anticipated performance is primarily driven by two significant growth engines: retail operations in Canada and medical cannabis distribution in Germany. The retail segment, particularly through its discount club model, has shown a rebound with positive year-over-year same-store sales since June, maintaining this momentum into July, contrary to broader market trends.

In Germany, the company’s subsidiary, Remexian Pharma GmbH, achieved an outstanding quarterly distribution benchmark, delivering over ten tonnes of medical cannabis—an impressive increase of 33% sequentially and a notable 60% year-over-year rise. This achievement highlights the rapid scaling of High Tide's operations in the European market, positioning the company as a key player in the global cannabis industry.

Mr. Grover continues to express confidence in the company’s trajectory, noting, "Together, these results demonstrate that our Canadian retail platform is strengthening while our German medical cannabis business is scaling rapidly, creating a more diversified and increasingly profitable global enterprise."

Upcoming Financial Release

Investors can expect the comprehensive financial and operational results for the third quarter, concluding July 31, 2026, to be released on September 14, 2026, following market closure. This will be accompanied by a conference call on the subsequent morning, providing an opportunity for stakeholders to delve deeper into the company's strategic direction and performance.

About High Tide Inc.

High Tide Inc. stands as a frontrunner in retail-focused cannabis enterprises, designed to leverage the full potential of cannabis products. With its flagship retail brand, Canna Cabana, recognized as the second-largest cannabis retail brand globally, High Tide continues to diversify and integrate its operations across the cannabis spectrum. Its Canadian assets include a significant market presence, consisting of 229 domestic and one international retail location, commanding a growing market share in the Canadian landscape.

The company also prides itself on its comprehensive global e-commerce platforms, which cater to consumers seeking cannabis-related accessories and CBD products. Furthermore, in marking a historical milestone, High Tide has established its physical presence in Germany, being the first North American cannabis operator to do so, thus unlocking further avenues for growth and market consolidation.

High Tide's forward momentum has not gone unnoticed; accolades include recognition as one of Canada’s Top Growing Companies by the Globe and Mail's Report on Business and consistent acknowledgments from the TSX Venture Exchange.

To get the full scope of High Tide's operational and investment dynamics, visit www.hightideinc.com. Investors should also review the High Tide profiles available on SEDAR+ and EDGAR for performance insights.