High Tide Inc

HITI · NASDAQ · Healthcare / Pharmaceutical Retailers

2.47USD-0.03 (-1.20%)

Price History

Full chart

Market Stats

Previous Close2.50

Open2.51

Day Range2.46 – 2.51

52-Week Range2.02 – 3.89

Volume324.94K

Market Cap240.24M

P/E (TTM)0.00

Forward P/E20.04

EPS-0.30

Dividend Yield0.00%

Beta1.08

50-Day Avg2.40

200-Day Avg2.43

About

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Bricks and Mortar, E-commerce, and Medical Cannabis Distribution segments. It manufactures and distributes consumption accessories; cannabis; and hemp derived products. The company also engages in data analytics; advertising; product sourcing and imports; event-based cannabis retail; medical cannabis distribution; accessories retail; and other related services. It provides its products under the Daily High Club, DankStop, FAB CBD, GC, Nuleaf Naturals, Smoke Cartel, Blessed CBD, Fastendr, Famous Brandz, Queen of Bud, Canna Cabana, Grasscity, Daily High Club, and Valiant Distribution brands. The company sells its products through a network of retail stores, e-commerce platforms, and the wholesale distribution arm. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. The company was founded in 2009 and is headquartered in Calgary, Canada.

Company Details

SectorHealthcare
IndustryPharmaceutical Retailers
CEOMr. Harkirat Grover
Employees1.83K
Headquarters11127 ? 15 Street N.E., Calgary, AB, Canada, T3K 2M4, USA
Websitehttps://www.hightideinc.com

Leadership

Mr. Harkirat GroverFounder, CEO, President & Executive Chairman · b. 1982
Mr. Mayank Mahajan C.A., CPA, M.B.A.Chief Financial Officer · b. 1987
Mr. Aman SoodChief Operating Officer
Mr. Omar Yar KhanChief Communications & Public Affairs Officer
Mr. Andreas-Alexander PalalasChief Marketing Officer · b. 1991
Ms. Joy Lisa AvzarSenior Vice President of Legal & Compliance
Ms. Sandy SharmaVice President of Human Resources
Mr. Shimshon Posen J.D.Secretary & Treasurer
Krystal DafoeDirector of Corporate Governance
Mr. Carter BrownleeCommunications & Public Affairs Advisor

Financials

Income Statement

Currency: CAD	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Total Revenue	8.34M	9.83M	8.75M	31.29M	83.27M	181.12M	356.85M	487.67M	522.31M	593.99M
Growth (%)	-	+17.83%	-11.00%	+257.69%	+166.07%	+117.53%	+97.02%	+36.66%	+7.10%	+13.72%
Cost of Revenue	4.05M	5.29M	5.64M	19.98M	52.45M	117.14M	255.90M	356.36M	379.80M	440.46M
Gross Profit	4.30M	4.55M	2.87M	11.32M	30.81M	63.98M	100.95M	131.31M	142.50M	153.53M
Gross Margin	51.51%	46.23%	32.83%	36.16%	37.00%	35.33%	28.29%	26.93%	27.28%	25.85%
Operating Expense	2.60M	3.59M	6.61M	31.19M	30.72M	82.66M	173.26M	172.74M	137.50M	167.98M
Operating Income	1.70M	958.84K	-3.73M	-19.87M	91.00K	-18.67M	-72.31M	-41.42M	5.00M	-14.45M
Operating Margin	20.32%	9.75%	-42.68%	-63.51%	0.11%	-10.31%	-20.26%	-8.49%	0.96%	-2.43%
EBITDA	1.70M	728.42K	-5.80M	-22.29M	8.67M	-1.96M	-33.65M	-4.20M	33.78M	-13.74M
EBITDA Margin	20.32%	7.41%	-66.33%	-71.23%	10.42%	-1.08%	-9.43%	-0.86%	6.47%	-2.31%
Net Income	1.22M	296.32K	-4.52M	-26.29M	-6.97M	-34.36M	-71.76M	-39.31M	-4.34M	-50.75M
Net Income Margin	14.57%	3.01%	-51.66%	-84.02%	-8.37%	-18.97%	-20.11%	-8.06%	-0.83%	-8.54%
Interest Expense	-	138.75K	147.54K	3.31M	7.84M	10.24M	9.95M	11.63M	12.79M	13.38M
Interest Expense % of Total Revenue	-	1.41%	1.69%	10.57%	9.41%	5.65%	2.79%	2.39%	2.45%	2.25%

Balance Sheet

Currency: CAD	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Total Assets	10.42M	11.11M	25.92M	40.74M	69.81M	246.22M	274.74M	233.40M	342.72M	349.06M
Total Liabilities	20.29M	20.77M	2.61M	31.34M	58.09M	94.21M	112.71M	99.73M	140.17M	246.28M
Total Equity	-9.87M	-9.66M	23.33M	9.59M	10.17M	147.21M	156.35M	131.56M	199.43M	87.61M
Cash	1.12M	1.07M	8.20M	806.00K	7.52M	14.01M	25.08M	30.12M	65.80M	47.88M
Total Debt	19.16M	664.68K	59.00K	24.01M	46.97M	55.43M	69.88M	72.53M	103.86M	148.92M
Net Debt	18.05M	-402.81K	-8.14M	23.21M	39.44M	41.41M	44.80M	42.41M	38.07M	101.03M

Cash Flow

Currency: CAD	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Operating Cash Flow	289.72K	1.04M	-8.78M	-14.48M	8.85M	-2.83M	4.50M	20.66M	35.55M	23.87M
Investing Cash Flow	818.11K	-534.14K	-4.23M	-16.92M	-3.30M	-28.49M	-8.59M	-5.72M	-11.01M	-22.29M
Financing Cash Flow	-179.02K	-555.14K	20.14M	24.01M	1.17M	37.81M	15.17M	-9.26M	-7.72M	202.00K
Capital Expenditure	2.44K	50.20K	4.23M	10.41M	2.77M	10.71M	9.05M	6.08M	9.75M	10.65M
Free Cash Flow	287.28K	991.23K	-13.01M	-24.89M	6.08M	-13.54M	-4.56M	14.58M	25.80M	13.22M
Dividends Paid	155.31K	560.01K	1.15M	0	0	0	1.96M	456.65K	199.72K	1.40M
FCF to OCF	99.16%	95.18%	148.15%	171.86%	68.71%	479.22%	-101.45%	70.57%	72.57%	55.39%
Dividend Paid to FCF	54.06%	56.50%	-8.87%	0.00%	0.00%	0.00%	-42.88%	3.13%	0.77%	10.61%

Earnings

Report Date	Jul 31, 2017	Oct 31, 2017	Jan 31, 2018	Apr 30, 2018	Jul 31, 2018	Oct 31, 2018	Jan 31, 2019	Apr 1, 2019	Jun 27, 2019	Sep 30, 2019	Jan 31, 2020	Feb 27, 2020	Jun 17, 2020	Sep 16, 2020	Jan 31, 2021	Mar 31, 2021	Jun 28, 2021	Sep 14, 2021	Jan 27, 2022	Mar 17, 2022	Jun 14, 2022	Sep 14, 2022	Jan 30, 2023	Mar 17, 2023	Jun 14, 2023	Sep 14, 2023	Jan 29, 2024	Mar 15, 2024	Jun 13, 2024	Sep 16, 2024	Jan 27, 2025	Mar 17, 2025	Jun 16, 2025	Sep 15, 2025	Jan 29, 2026	Mar 17, 2026	Jun 15, 2026	Sep 14, 2026
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-0.22	-	-0.12	-	-	-	-	0.01	-0.02	-0.05	-0.10	-0.04	-0.06	-0.07	-0.04	-0.04	-0.04	-0.04	-0.02	0.02	-0.02	-	-0.01	-0.02	-0.01	0.01	0.02	-0.02	0.01
EPS Actual	0.55	-0.22	0.09	-0.03	-0.05	-0.27	-0.23	-0.22	-0.23	-0.23	-0.24	-0.78	-0.22	-0.02	-0.49	-0.14	-0.01	-0.13	-0.07	-0.11	-0.08	-0.11	-0.06	-0.04	-0.01	-0.03	0.05	-0.00	0.01	0.01	-0.04	-0.02	-0.03	0.01	0.02	0.01	0.01	0.02
Surprise	-	-	-	-	-	-	-	-	-	-4.55%	-	-550.00%	-	-	-	-	-200.00%	-550.00%	-40.00%	-10.00%	-100.00%	-83.33%	14.29%	0.00%	75.00%	25.00%	225.00%	84.00%	-50.00%	150.00%	-	-100.00%	-50.00%	200.00%	100.00%	-42.86%	150.00%	100.00%
Timing	-	-	-	-	-	-	-	Pre-market	After-hours	After-hours	-	After-hours	Pre-market	Pre-market	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap240.24M

Enterprise Value324.75M

Trailing P/E0.00

Forward P/E20.04

Price / Sales0.33

Price / Book3.23

EPS-0.30

Book Value0.8437

Revenue (TTM)720.47M

Gross Profit (TTM)188.07M

EBITDA35.19M

Profit Margin-4.63%

Operating Margin5.32%

Return on Equity-26.04%

Return on Assets5.74%

Shares Outstanding89.14M

Shares Float78.04M

Beta1.08

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 5 analystsTarget 4.67

Strong Buy
4
Buy
1

Ownership Breakdown

Institutions: 8.79%
Insiders: 12.17%
Retail / Other: 79.04%

Top Institutional Holders

Tidal Investments LLC.
1.71M1.95%
AdvisorShares Investments, LLC
1.18M1.34%
Renaissance Technologies Corp
1.07M1.22%
Two Sigma Investments LLC
654.93K0.75%
Bank of America Corp
340.13K0.39%
Walleye Trading Advisors, LLC
310.92K0.35%
Federation des caisses Desjardins du Quebec
257.11K0.29%
Baader Bank INC
250.00K0.28%
Millennium Management LLC
249.47K0.28%
Point72 Asset Management, L.P.
242.56K0.28%
Ewing Morris & Co Investment Partners Ltd
240.00K0.27%
Morgan Stanley - Brokerage Accounts
118.33K0.13%
Jane Street Group LLC
108.24K0.12%
JW Asset Management, LLC
96.64K0.11%
Shay Capital LLC
88.50K0.10%
BMO Capital Markets Corp.
66.65K0.08%

Top Fund Holders

ETFMG Alternative Harvest ETF
1.64M1.84%
AdvisorShares Pure Cannabis ETF
942.24K1.06%
Global X Marijuana Life Sciences ETF
750.88K0.84%
CANSOUL Fonds Hanf Aktien Global EUR C
250.00K0.28%

Stock Splits

May 13, 20211:15