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TSXVHITIBullishEarningsnews
High materiality9/10

High Tide Q3 2026: record revenue, aggressive expansion underpins growth

Sep 14, 2026, 4:08 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong sequential and YoY growth, expanding store footprint, and new debt facility support upside potential; material earnings power improvements likely to attract buyers; cash flow improvements may lead to multiple re-rating.

AI summary

What happened, with direct paths to the underlying reporting

High Tide posted a Q3 2026 revenue of $198.8 million, with record gross profit and Adjusted EBITDA, signaling improving operating leverage. The company highlighted Remexian’s Germany growth, Canna Cabana’s 232 Canadian stores, and strategic Ontario acquisitions, alongside a $40 million secured debt facility to fund expansion, reinforcing an approaching $800 million annualized revenue run rate.

  • Q3 revenue $198.8M, up 33% YoY, record high.
  • Canna Cabana at 232 stores; Ontario 105 stores.
  • Remexian distribution in Germany: 10.2 tonnes; revenue $38.2M.
  • Adjusted EBITDA $16.2M; 8.2% margin, highest in 12 quarters.
  • Acquired four Ontario stores via Northern Helm; secured $40M debt facility.

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