High Tide stock reports record revenue and profit growth

High Tide stock follows a record fiscal third quarter in which revenue reached CAD 198.8 million, up 33 percent year over year. The Canadian cannabis retailer also posted CAD 12.7 million in net income, compared with CAD 0.8 million in the prior-year quarter, according to PR Newswire on September 14, 2026.

Revenue reaches CAD 198.8 million

The fiscal Q3 2026 result covered the three months ended July 31, 2026. Revenue rose 11 percent from the previous quarter, marking the fifth consecutive quarterly record, while gross profit increased 32 percent year over year to CAD 52.7 million, the company said through PR Newswire.

Operating income climbed 133 percent year over year to CAD 8.7 million. Adjusted EBITDA rose 53 percent to CAD 16.2 million, producing an adjusted EBITDA margin of 8.2 percent, the highest level in 12 quarters.

German distribution adds scale

High Tide's Remexian medical cannabis distribution business generated record fiscal Q3 revenue of CAD 38.2 million, up from CAD 31.6 million in fiscal Q2 2026. The unit distributed 10.2 tonnes of medical cannabis into the German market, a 62 percent increase from the prior-year quarter, according to PR Newswire.

The retail network counted 232 Canna Cabana locations in Canada during the quarter, while Cabana Club membership exceeded 2.73 million, up 27 percent year over year. The company also reported a 14 percent cannabis retail market share in the provinces where it operates, excluding British Columbia.

Growth ranking adds a dated checkpoint

High Tide placed No. 315 among 375 companies in Canada's 2026 Top Growing Companies ranking, based on verified three-year revenue growth of 66 percent from 2022 through 2025, according to Yahoo Finance on September 28, 2026. The ranking provides a longer-period comparison to the 33 percent fiscal Q3 revenue increase.

High Tide Inc. is a retail-focused cannabis company with operations spanning Canadian stores, medical cannabis distribution and e-commerce, according to Marketscreener.

Market value stood at USD 249.6 million

High Tide's market capitalization stood at USD 249.6 million on September 29, 2026. The company trades under HITI on Nasdaq, while the September results provide the latest quantified operating checkpoint for the stock.