High Tide Inc. (HITI, Financial) reports a strong Q2 2025 with $137.8 million in revenue, an 11% YoY increase. Company operates 200 Canna Cabana locations, maintaining largest market share in Canadian cannabis retail. High Tide is in exclusive discussions for expansion into the German medical cannabis market.

High Tide Inc. (HITI) has announced its financial results for the second fiscal quarter of 2025, revealing robust performance across key metrics. The company achieved revenue of $137.8 million, marking an 11% increase year-over-year, largely driven by a 16% increase in its core brick-and-mortar segment. This marks the fastest growth rate for the company in six quarters.

The company reported a gross profit of $35.5 million, with a margin of 26%, and recorded an Adjusted EBITDA of $8.1 million. While High Tide faced a net loss of $2.8 million, it generated free cash flow of $4.9 million for the quarter. The decline in free cash flow from $9.4 million last year was offset by operational improvements, including a $0.9 million income from operations.

High Tide's retail arm, Canna Cabana, now operates 200 locations across Canada, reinforcing its status as the country's largest cannabis retail brand with a 12% market share. This expansion was largely funded through internally generated cash flows, evidencing the company's ability to grow sustainably.

The company's loyalty program, Cabana Club, continues to expand rapidly, with membership reaching 1.9 million in Canada, a 33% increase year-over-year. The ELITE segment saw a remarkable 120% growth, totaling 97,000 members, highlighting High Tide's success in customer retention.

In a pivotal move towards international growth, High Tide is in exclusive talks with a leading German medical cannabis importer and wholesaler. This potential transaction, currently in the due diligence phase, could mark a significant step for High Tide as it explores opportunities in the evolving German cannabis market.

With a reported $34.7 million in cash and cash equivalents, High Tide has the financial flexibility required to continue its strategic expansion plans, ensuring it remains at the forefront of the cannabis retail industry.

High Tide Reports Second Fiscal Quarter 2025 Financial Results | HITI Stock News

High Tide Inc. (HITI) reported strong Q2 2025 financial results, including $137.8 million in revenue (11% YoY growth), 200 Canna Cabana locations in Canada (12% market share), and expansion discussions into the German medical cannabis market. The company generated $8.1 million in Adjusted EBITDA, $4.9 million in free cash flow, and 1.9 million members in its Cabana Club loyalty program.