High Tide Inc. (HITI)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
High Tide Inc. (HITI) trades at $2.24 with AI Score 47/100 (Grade C). High Tide Inc. is a cannabis retail company operating in Canada, Europe, and the United States. Market cap: $196.83M, Sector: Healthcare.
Price live · AI analysis from May 7, 2026Analyst Coverage for HITI: HITI does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates HITI against Healthcare peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
HITI: the 1 perspectives are evenly split.
How is this calculated? →High Tide Inc. (HITI) Healthcare & Pipeline Overview
High Tide Inc. is a cannabis-focused retail company with operations spanning Canada, Europe, and the United States. The company differentiates itself through vertically integrated operations, including the design, manufacture, and distribution of cannabis products and accessories, coupled with retail and wholesale distribution, positioning it as a multifaceted player in the evolving cannabis market.
What Is the Investment Thesis for HITI?
High Tide Inc. presents a compelling investment case based on its diversified revenue streams and strategic positioning within the expanding cannabis market. With a market capitalization of $196.83M, the company's growth is underpinned by its expanding retail footprint and vertically integrated operations. Key value drivers include increasing same-store sales, expansion into new markets, and the continued growth of its online platforms. While the company currently operates with a negative profit margin of -7.4%, potential catalysts include increased operational efficiencies and favorable regulatory changes. Investors should monitor the company's ability to improve profitability and manage operational costs effectively. The company's beta of 1.02 indicates market correlation.
Based on FMP financials and quantitative analysis
HITI Key Highlights
- Operates 139 retail locations in Canada as of August 4, 2022, providing a strong retail presence.
- Engages in the design, manufacture, and distribution of cannabis accessories, adding a diversified revenue stream.
- Operates Grasscity.com and CBDcity.com, expanding its reach through online platforms.
- Market capitalization of $196.83M, reflecting its current valuation in the market.
- Gross margin of 21.1%, indicating the profitability of its core operations before operating expenses.
Who Are HITI's Competitors?
HITI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ACB Aurora Cannabis Inc. | $2.67 | -1.33% | $165.63M | 55 |
| CGC Canopy Growth Corporation | $0.95 | -1.04% | $401.05M | 46 |
| TLRY Tilray Brands, Inc. | $4.31 | -1.60% | $517.21M | 47 |
| ATAI Atai Beckley NV is a clinical-stage biopharmaceutical company focused on developing treatments for mental health disorders. The company | $5.13 | +3.43% | $1.89B | 68 |
| MEDS TRxADE HEALTH, Inc. | $7.59 | +4.55% | $13.28M | 63 |
| ONC BeOne Medicines Ltd. | $308.96 | -0.16% | $33.01B | 61 |
| NEUP Neuphoria Therapeutics Inc. | $3.66 | +6.40% | $19.78M | 60 |
| HKPD Cellyan Biotechnology Co., Ltd | $0.47 | +0.41% | $5.12M | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HITI's Key Strengths?
- Vertically integrated operations.
- Established retail footprint in Canada.
- Online platforms with a global reach.
- Diversified revenue streams.
What Are HITI's Weaknesses?
- Negative profit margin.
- High operating expenses.
- Dependence on regulatory approvals.
- Intense competition in the cannabis market.
What Could Drive HITI Stock Higher?
- Potential regulatory changes in key markets could expand market access and reduce operational costs.
- Continued expansion of retail footprint through organic growth and strategic acquisitions.
- Increasing same-store sales driven by improved product offerings and customer experience.
- Growth of online platforms, Grasscity.com and CBDcity.com, driving e-commerce revenue.
What Are the Key Risks for HITI?
- Financial-distress signal — its Altman Z-Score of 1.45 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-43.4%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Evolving regulations could restrict market access or increase operational costs.
- Intense competition in the cannabis market could impact market share and profitability.
- Fluctuations in cannabis prices could impact revenue and profitability.
- Economic downturns could reduce consumer spending on cannabis products.
What Are the Growth Opportunities for HITI?
- Expansion of Retail Footprint: High Tide has the opportunity to expand its retail footprint through strategic acquisitions and organic growth. Focusing on underserved markets and optimizing store locations can drive revenue growth. The Canadian cannabis retail market is projected to reach several billion dollars in the coming years, providing ample opportunity for expansion. Timeline: Ongoing.
- Growth of E-commerce Platforms: High Tide can leverage its online platforms, Grasscity.com and CBDcity.com, to reach a global customer base. Investing in marketing and improving the user experience can drive traffic and sales. The global e-commerce market for cannabis-related products is experiencing rapid growth, offering significant potential. Timeline: Ongoing.
- Product Innovation and Diversification: High Tide can drive growth by introducing new and innovative cannabis products and accessories. Focusing on consumer preferences and market trends can differentiate the company from its competitors. The market for cannabis-infused products is expanding, creating opportunities for product diversification. Timeline: Ongoing.
- Strategic Partnerships and Acquisitions: High Tide can pursue strategic partnerships and acquisitions to expand its market reach and product offerings. Collaborating with other companies in the cannabis industry can create synergies and drive growth. The cannabis industry is consolidating, creating opportunities for strategic acquisitions. Timeline: Ongoing.
- International Expansion: High Tide has the opportunity to expand its operations into new international markets. Focusing on countries with favorable cannabis regulations can drive revenue growth. The global cannabis market is expanding, offering significant potential for international expansion. Timeline: Ongoing.
What Opportunities Does HITI Have?
- Expansion of retail footprint.
- Growth of e-commerce platforms.
- Product innovation and diversification.
- Strategic partnerships and acquisitions.
What Threats Does HITI Face?
- Evolving regulations.
- Intense competition.
- Fluctuations in cannabis prices.
- Economic downturns.
What Are HITI's Competitive Advantages?
- Vertically Integrated Operations: High Tide's vertically integrated operations, encompassing retail, wholesale, and manufacturing, provide a competitive advantage.
- Established Retail Footprint: The company's established retail footprint in Canada provides a strong market presence.
- Online Platforms: High Tide's online platforms, Grasscity.com and CBDcity.com, provide access to a global customer base.
- Brand Recognition: High Tide has built brand recognition through its retail stores and online platforms.
What Does HITI Do?
High Tide Inc., founded in 2009 and headquartered in Calgary, Canada, has evolved into a prominent player in the cannabis retail sector. Originally named High Tide Ventures Inc., the company rebranded in October 2018 to reflect its growing focus on the cannabis market. High Tide operates across Canada, Europe, and the United States, engaging in the wholesale and retail of cannabis products. The company's operations encompass the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. High Tide also operates and franchises licensed retail cannabis stores. As of August 4, 2022, High Tide operated 139 retail locations across Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. Beyond retail, High Tide provides data analytics services and operates online platforms such as Grasscity.com and CBDcity.com, catering to a global customer base. This multifaceted approach allows High Tide to capture various segments of the cannabis market, from direct consumer sales to wholesale distribution and online retail.
What Products and Services Does HITI Offer?
- Engages in the cannabis retail business across Canada, Europe, and the United States.
- Designs, manufactures, and distributes smoking accessories and cannabis lifestyle products.
- Involved in the wholesale and retailing of cannabis products.
- Operates and franchises licensed retail cannabis stores.
- Provides data analytics services related to cannabis sales and consumer behavior.
- Operates online platforms such as Grasscity.com and CBDcity.com.
How Does HITI Make Money?
- Retail Sales: Generates revenue through the sale of cannabis products and accessories in its retail stores.
- Wholesale Distribution: Distributes cannabis products to other retailers and distributors.
- E-commerce: Sells cannabis products and accessories through its online platforms.
- Franchising: Earns revenue through franchising its retail store model.
What Industry Does HITI Operate In?
The cannabis industry is experiencing rapid growth, driven by increasing legalization and changing consumer attitudes. High Tide Inc. operates within this dynamic market, competing with other cannabis retailers and manufacturers. The company's vertically integrated approach, encompassing retail, wholesale, and online channels, positions it to capture a significant share of the market. The industry is subject to evolving regulations, which can impact market access and operational costs. High Tide's ability to navigate these regulatory changes will be crucial to its long-term success.
Who Are HITI's Key Customers?
- Adult consumers seeking cannabis products for recreational or medicinal use.
- Other cannabis retailers and distributors.
- Online consumers interested in cannabis products and accessories.
- Franchisees operating High Tide retail stores.
HITI Valuation & Market Position
With a $196.83M market cap, High Tide Inc. sits in the micro-cap segment of the market. Relative to its peer group, HITI's quantitative score of 47/100 is roughly in line with the peer average of 56/100.
FY2026 estForward Outlook
Wall Street analysts project High Tide Inc. revenue of about $701.6M for fiscal 2026, with EPS near $0.04. The estimate reflects 6 contributing analysts.
F-Score 3/9Financial Health
High Tide Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 1.45 places it in the distress zone, a signal of elevated financial risk.
ROE -43%Key Financial Metrics
Return on equity for High Tide Inc. stands at -43.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -12.7%, showing how much profit it generates from its asset base. Its free cash flow yield is 5.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.46 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -15.5%, the inverse of the P/E and a quick read on earnings relative to price.
HITI Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- High Tide has recently expanded its retail footprint, enhancing brand visibility and customer access.
- Recent insider buying signals confidence in the company's future prospects, suggesting executives believe in its growth potential.
- Community sentiment has turned positive as discussions around cannabis legalization gain traction, benefiting companies like High Tide.
- The company's diversified product offerings position it well to capture a broader market share in the evolving cannabis industry.
Bear Case
- Despite recent expansions, increasing competition in the cannabis retail sector raises concerns about market saturation.
- Social sentiment has shown some volatility, with mixed opinions on the sustainability of current growth trends.
- Regulatory uncertainties continue to loom over the cannabis industry, potentially impacting High Tide's operations and growth plans.
- Recent earnings reports have highlighted challenges in profitability, leading to skepticism about the company's financial health moving forward.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
HITI Latest News
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HITI: High Tide Strong Growth Profile Supports Price Target of US$5.00
Yahoo! Finance: HITI News · Jun 22, 2026
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How Record Q2 Results And New C$40M Credit Facilities At High Tide (TSXV:HITI) Have Changed Its Investment Story
Yahoo! Finance: HITI News · Jun 19, 2026
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High Tide's German Unit Remexian Pharma Showcases "Exclusive" Canadian Medical Cannabis Brand Partnerships at Mary Jane Berlin 2026
MT Newswires · Jun 17, 2026
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High Tide Q2 2026 Earnings Call Transcript
benzinga · Jun 17, 2026
HITI Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for HITI.
Price Targets
Wall Street price target analysis for HITI.
HITI MoonshotScore
What does this score mean?
The MoonshotScore rates HITI's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
HITI: High Tide Strong Growth Profile Supports Price Target of US$5.00
How Record Q2 Results And New C$40M Credit Facilities At High Tide (TSXV:HITI) Have Changed Its Investment Story
High Tide's German Unit Remexian Pharma Showcases "Exclusive" Canadian Medical Cannabis Brand Partnerships at Mary Jane Berlin 2026
High Tide Q2 2026 Earnings Call Transcript
Leadership: Harkirat Grover
CEO
Harkirat Grover is the Chief Executive Officer of High Tide Inc. He has been instrumental in guiding the company's strategic direction and growth. Grover's background includes experience in retail management, operations, and business development. He has a proven track record of building and scaling businesses in competitive markets. His leadership has been focused on expanding High Tide's retail footprint, developing its online platforms, and driving operational efficiencies.
Track Record: Under Harkirat Grover's leadership, High Tide Inc. has expanded its retail footprint to 139 locations. He has overseen the acquisition and integration of several cannabis retail businesses. Grover has also led the development of High Tide's online platforms, Grasscity.com and CBDcity.com. His strategic decisions have contributed to the company's growth and market position.
HITI Healthcare Stock FAQ
What does High Tide Inc. do?
High Tide Inc. is a cannabis retail company that operates in Canada, Europe, and the United States. The company is involved in the wholesale and retail of cannabis products, as well as the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. High Tide operates and franchises licensed retail cannabis stores and also provides data analytics services. The company's online platforms, Grasscity.com and CBDcity.com, cater to a global customer base, complementing its physical retail presence and creating diverse revenue streams.
What do analysts say about HITI stock?
Analyst coverage of High Tide Inc. (HITI) reflects a cautiously optimistic outlook, acknowledging the company's growth potential within the expanding cannabis market. Key valuation metrics, such as price-to-sales ratio, are closely monitored. Growth considerations include the company's ability to improve profitability, manage operational costs, and navigate evolving regulations. Analyst consensus typically factors in the company's expansion plans, same-store sales growth, and the performance of its online platforms. Investors should conduct their own due diligence and consider their risk tolerance before making any investment decisions.
What are the main risks for HITI?
High Tide Inc. faces several key risks, including evolving regulations in the cannabis industry, which could restrict market access or increase operational costs. Intense competition from other cannabis retailers and manufacturers could impact market share and profitability. Fluctuations in cannabis prices could affect revenue and profitability. Economic downturns could reduce consumer spending on cannabis products. The company's ability to manage these risks will be crucial to its long-term success. Investors should carefully consider these risks before investing in High Tide Inc.
How does High Tide Inc. navigate the complex regulatory landscape of the cannabis industry?
High Tide Inc. navigates the complex regulatory landscape of the cannabis industry by maintaining a dedicated legal and compliance team that monitors and adapts to evolving regulations in each jurisdiction where it operates. The company works closely with regulatory bodies to ensure compliance with all applicable laws and regulations. High Tide also invests in training and education for its employees to ensure they are knowledgeable about regulatory requirements. This proactive approach helps High Tide mitigate regulatory risks and maintain its licenses to operate in the cannabis industry.
What revenue streams does High Tide Inc. have in healthcare?
High Tide Inc.'s revenue streams in the healthcare sector primarily stem from the sale of cannabis products and accessories through its retail stores and online platforms. These products are often used for medicinal purposes, such as pain management and anxiety relief. High Tide also generates revenue through data analytics services, providing insights into consumer behavior and market trends to healthcare providers and other stakeholders in the cannabis industry. The company's focus on providing high-quality products and services has helped it establish a strong presence in the healthcare sector.
What are the key factors to evaluate for HITI?
High Tide Inc. (HITI) holds an AI score of 47/100 (low). Not financial advice.
How frequently does HITI data refresh on this page?
HITI prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven HITI's recent stock price performance?
High Tide Inc. (HITI) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Vertically integrated operations. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2022-08-04, and market conditions may have changed since then.
- Profit margin is negative, indicating potential financial challenges.
- The cannabis industry is subject to evolving regulations, which could impact future performance.