Northwire Canada EditionMonday, July 13, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Production / Operations

High Tide Recaps Key Milestones of 2025

By The Northwire Desk — AI Analysis Dec 23, 2025 · 08:00 HITI · 3.86 High Tide Inc.
HITI · Price

Executive Summary

  • High Tide Inc. announced the acquisition of a majority stake in Germany’s Remexian Pharma GmbH, marking its entry into the German medical‑cannabis market.
  • The company reported an annualized revenue run‑rate of $600 M (pre‑Remexian) and an adjusted EBITDA run‑rate of >$42 M, while remaining free‑cash‑flow positive.
  • Retail footprint expanded to 218 Canna Cabana stores in Canada, surpassing 200 locations, with a 12% market share across its five operating provinces and over 2.4 M loyalty members.

Key Details

  • Acquisition: Majority stake acquired in Remexian Pharma GmbH (German medical‑cannabis importer/distributor).
  • Revenue Run‑Rate: $600 million annualized (excluding contributions from Remexian).
  • Adjusted EBITDA Run‑Rate: >$42 million (adjusted, non‑IFRS measure).
  • Same‑Store Sales Growth: 7.4% YoY increase in Q3 2025.
  • Retail Sales per Sq ft: $1,735 (Q3 2025), above many best‑in‑class retailers.
  • Loyalty Program: 2.4 M Cabana Club members; 139,000 Elite members – largest Canadian cannabis loyalty program.
  • Market Share: 12% share of the retail cannabis market in its five provinces.
  • Store Expansion: Added 27 new Canna Cabana locations in 2025; total now 218 stores.
  • Product Portfolio: Sold 21 unique “Queen of Bud” cannabis SKUs and 29 accessory SKUs across the network.
  • Awards & Rankings: Fifth consecutive year on Report on Business’s top‑growing companies list; recognized as a TSX Venture Exchange Top 50 company for two straight years.

Notable Quotes

“2025 was a truly transformational year for High Tide as we evolved from a domestic market leader into a global cannabis company… Growing from a single store in 2018 to becoming one of the most recognizable cannabis brands with over 200 Canna Cabana locations today, is something we are incredibly proud of.” – Raj Grover, Founder & CEO

“With over $2 billion in cumulative sales since legalization and strong operations across multiple jurisdictions, we believe the opportunity ahead of us is substantial… our focus remains on further strengthening our brand, expanding our global footprint, and delivering long‑term value for shareholders.” – Raj Grover

Read the original news release →

More from High Tide Inc.

Jun 17, 2026 · 06:00

Remexian distribution partnerships reinforce German growth thesis, but stock has already priced in the catalyst.

M&A / Property Jun 15, 2026 · 16:00

First net income and record EBITDA beat expectations, but same-store sales decline and flat price action suggest skepticism remains.

Earnings Jun 15, 2026 · 15:31

High Tide receives approval for $40M of facilities

Financings Jun 15, 2026 · 06:00

High Tide to Acquire Northern Helm, Adding Four Established Retail Cannabis Stores in Ontario

M&A / Property Jun 10, 2026 · 11:00

Routine store expansion in line with guidance; market remains skeptical as stock drifts lower post-Q1 beat.

Production / Operations May 11, 2026 · 06:00

Insider buying and surging German medical cannabis market share signal conviction as High Tide shores up a Big Five bank credit line.

Production / Operations