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High Tide Projects Record Growth in Q3 2025

High Tide Inc., a prominent cannabis retail company, has recently announced its preliminary guidance for the third fiscal quarter of 2025, ending on July 31. According to the figures, High Tide expects impressive results that may exceed analysts’ expectations in several key areas. The company, which has evolved into a high-impact enterprise in the cannabis retail sector, is gearing up for what could be a landmark quarter in terms of revenue and operational growth.

During the upcoming quarter, High Tide forecasts revenue between CAD 147 million and CAD 150 million, marking an expected sequential increase of 7% to 9%. This performance represents a significant year-over-year growth rate of approximately 12% to 14%. Notably, this aligns with analysts' estimates, which anticipate revenues hovering around CAD 145.8 million to CAD 146.3 million.

In addition to revenue projections, High Tide predicts an increase in its gross margin for Q3 2025, forecasted to range from CAD 38.5 million to CAD 40.0 million. This reflects a continuing upward trend, with expected growth levels of 9% to 13% sequentially and year-over-year. Analysts have projected gross margins averaging around CAD 37.7 million to CAD 38.3 million, indicating that High Tide's operational efficiency continues to improve.

Another key area of focus is the company's adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). High Tide expects adjusted EBITDA to fall between CAD 9.6 million and CAD 10.6 million, representing a remarkable 19% to 31% sequential growth and a stable year-over-year increase of 0% to 10%. Analysts have set their expectations for adjusted EBITDA at around CAD 8.1 million to CAD 8.6 million, further underscoring the positive trajectory of the company’s financial health.

Raj Grover, the Founder and CEO of High Tide, expressed enthusiasm about the company's projected performance. He stated, "This quarter's guidance showcases the strength and momentum of High Tide like never before. We expect to deliver record revenue and powerful sequential Adjusted EBITDA growth," emphasizing that such results stem from a remarkable 7.4% increase in same-store sales—the company's fastest growth rate in two years.

Grover also highlighted that these positive indicators reinforce the potential of High Tide's core Canadian operations, further stating, "With our entry into Germany, through the recently announced acquisition of a majority stake in Remexian Pharma GmbH, we're no longer just a Canadian success story—we're building the next global cannabis powerhouse." This move reflects High Tide's intentions not only to solidify its presence in Canada but also to extend its influence into the international cannabis market.

The company has signaled that it will release its full financial and operational results for Q3 2025 on September 15, 2025, after markets close. Following this announcement, High Tide will host a conference call the following morning where they plan to delve into the details surrounding their performance and strategic direction moving forward.

Interested participants can access the earnings event through a live webcast, with information provided on High Tide’s corporate website. It is encouraged that participants pre-register for the webcast to ensure a smoother experience during the live session. Additionally, a replay of the webcast will be available shortly after the live event concludes, allowing stakeholders the opportunity to catch up on the discussion.

High Tide Inc. continues to be at the forefront of the cannabis retail industry. With the largest cannabis retail chain in Canada—Canna Cabana—comprising over 203 locations, High Tide is not only expanding its operations within Canadian borders but also aggressively positioning itself in emerging markets like Germany. The company's various subsidiaries, innovative approaches, and commitment to integrating technology in retail operations, such as through their Fastendr automated technology systems, highlight their adaptability and marketing savvy.

As High Tide moves forward, it remains a leading contender in the cannabis sector, focused on delivering value to consumers while enhancing shareholder returns. Exciting prospects lie ahead as the company approaches its earnings announcement, and industry analysts and investors around the world are keeping a close watch. With its rapid growth and innovative strategies, High Tide might just be poised for even greater successes in the burgeoning global cannabis marketplace.