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Noticias de HITI
Eventos de HITI
High Tide Plans to Open 233rd Canna Cabana Location in Peterborough
High Tide announced that, pending regulatory approval, it expects to open its first Canna Cabana location in the City of Peterborough. Once open, this location will bring High Tide's Canadian Canna Cabana store count to 233, including 107 in Ontario.
High Tide Reports Q3 Revenue of C$198.82M
Reports Q3 revenue C$198.82M vs. C$149.69M last year. "Nearly every major financial metric moved in the right direction this quarter, with many reaching the highest levels in our history. We delivered record revenue, record gross profit, record Adjusted EBITDA, record income from operations, record net income and record operating cash flow before working capital. But what excites me most is that our bottom line is now growing substantially faster than our top line. That is the operating leverage we have spent years building toward," said Raj Grover, Founder and Chief Executive Officer of High Tide. "High Tide is approaching an $800 million annualized revenue run rate, our Adjusted EBITDA margin is at its highest level in twelve quarters, and we continue to generate meaningful free cash flow while investing aggressively in growth. With Canna Cabana strengthening its leadership position in Canada and Remexian scaling rapidly in Germany, we now have two powerful engines driving our business forward. We intend to keep pushing hard on growth, profitability and cash generation while maintaining the capital discipline that got us here. This quarter is the clearest evidence yet of the earnings power we are building at High Tide," added Grover.
High Tide Adopts Shareholder Rights Plan
High Tide announced that its board of directors has approved the adoption of a shareholder rights plan agreement, and an amended and restated shareholder rights plan pursuant to agreements entered into with Olympia Trust Company, as Rights Agent, dated June 26. The amended and restated shareholder rights plan amends and restates the shareholder rights plan originally adopted by the board on April 10, 2025 and ratified by the company's shareholders at the company's annual general and special meeting held on May 30, 2025 to include the measures set out in the temporary shareholder rights plan.
High Tide Reports Q2 Revenue of C$179.3M
Reports Q2 revenue C$179.3M vs. C$137.8M last year. "Our second quarter results highlight the strength of High Tide's diversified growth strategy and our ability to execute at a high level across multiple geographies. Through the continued integration of Remexian, we have expanded our supply chain capabilities, eliminated unnecessary intermediaries, and are procuring biomass at materially lower costs than Remexian could on its own, enabling us to achieve key operational and financial objectives approximately 90 days ahead of our internal expectations," said Raj Grover, Founder and Chief Executive Officer of High Tide.
High Tide Acquires 100% Equity of Northern Helm for $7.74M
High Tide announced that it will acquire 100% of the equity interest of J. Supply Holdings, operating as Northern Helm, resulting in High Tide's acquisition of four of the six retail cannabis stores currently operated by Northern Helm in Ontario for $7.74M. These acquisitions will bring High Tide's total store count to 228 Canna Cabana locations across Canada and 103 in the province of Ontario. The transaction, which is an arm's length transaction, is subject to, among other things, receipt of the required approvals from the TSX Venture Exchange and the Alcohol and Gaming Commission of Ontario, and the satisfaction of other customary conditions of closing, and is expected to close in the coming weeks. The consideration for the 100% of equity interests acquired will be approximately $3.2M in assumed debt with a 2% interest rate, with 40% of the remaining amount paid in cash, and the remaining 60% paid in common shares of High Tide on closing on the basis of a deemed price per High Tide Share equal to the 10-day volume weighted average price of the High Tide Shares on the TSXV ending on the trading day that is three business days prior to the closing date, subject to a floor price equal to the discounted market price as of the day prior to this news release. The High Tide Shares will be subject to a statutory and contractual hold period of four months and one day from the date of closing. The purchase price represents 4.5x the annualized adjusted EBITDA of the stores for the three months ended March 31.
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