High Tide announced a Welland Ontario opening and a Calgary Alberta location expected to open in late June, boosting its Canada store count to 224 (99 in Ontario, 92 in Alberta). The moves reinforce its real estate-led growth and membership programs, potentially lifting near-term revenue and store-level profitability, subject to regulatory approvals.
High Tide's recent earnings report revealed a quarterly revenue boost of 27.53% and positive free cash flow of $2.9 million, representing an operational turnaround. The company's discount club model continues to be pivotal for its growth, potentially indicating ongoing positive momentum for HITI stock.