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High Tide Inc. (HITI.V)

CAD3.05 +0.00 (-0.33%)
CA TSXV Healthcare Medical - Pharmaceuticals
Address 11127 - 15 Street NE T3K 2M4
Calgary, AB, CA
CEO Harkirat Grover
IPO 2018-12-17
ISIN CA42981E4013

Explore sections of this company profile

Also trades on Frankfurt Stock Exchange · 2LYA.F (EUR) NASDAQ Capital Market · HITI (USD) Other OTC · HITTF (USD) Toronto Stock Exchange Ventures · HITI.V (CAD)
Description

High Tide Inc. operates as a prominent global player in the cannabis retail sector, with business activities spanning Canada, Europe, the United States, and other international markets. The company's portfolio is multifaceted, including the design, manufacturing, and distribution of various smoking accessories and cannabis-inspired lifestyle products. Beyond merchandise, High Tide is actively involved in the wholesale and direct retail of cannabis products, managing and franchising numerous licensed cannabis dispensaries. Furthermore, it offers data analytics services and runs the online retail platforms Grasscity.com and CBDcity.com. As of October 25, 2022, High Tide maintained a substantial retail presence with 149 locations throughout several Canadian provinces, including Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. Founded in 2009, this Calgary, Canada-based company was rebranded as High Tide Inc. in October 2018, having previously operated under the name High Tide Ventures Inc.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD3.05 +0.00 (-0.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
49.0K
Beta
1.03
Float Shares
76.65M
Free Float %
87.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.53% +2.15% +0.61% +7.44% -13.54% -9.54% +8.50% +104.94% -63.72% -44.67% -44.67%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (4 ratings, all time) Buy
Price Targets & DCF
Current price
3.05
DCF (Unlevered) 11.27 +269.6%
DCF (Levered) 7.93 +160.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 1 0
Buy 5 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.48
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Pharmaceuticals: +7.8%
    +13.7% Q2'26: +30.1% (vs Q2'25)
  • EPS growth Medical - Pharmaceuticals: +20.2%
    -1,056.7% Q2'26: +93.9% (vs Q2'25)
  • FCF margin FCF growth · Medical - Pharmaceuticals: +43.3%
    -6.4% Q2'26: +1.3% (vs Q2'25)
  • EBIT margin Medical - Pharmaceuticals: +6.8%
    -6.4% Q2'26: +4.5% (vs Q2'25)
  • ROIC Medical - Pharmaceuticals: +6.1%
    -18.6% Q2'26: +11.1% (vs Q2'25)
  • Share dilution Medical - Pharmaceuticals: +0.0%
    +1.5% Q2'26: +8.6% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Medical - Pharmaceuticals: 0.21×
    -10.91× Q2'26: 1.92× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.03) × ERP
WACC = 66% × Ke + 34% × Kd (8.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 11.30 Current price: 3.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Oct 2019
actual
Oct 2020
actual
Oct 2021
actual
Oct 2022
actual
Oct 2023
actual
Oct 2024
actual
Oct 2025
actual
Oct 2026
6 Rev. Ana.
3 EPS Ana.
Oct 2027
6 Rev. Ana.
3 EPS Ana.
Oct 2028
2 Rev. Ana.
2 EPS Ana.
Oct 2029
1 Rev. Ana.
1 EPS Ana.
Oct 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
31.29M
est: 34.27M (-8.7%)
83.27M
est: 80.35M (+3.6%)
181.12M
est: 179.35M (+1.0%)
356.85M
est: 347.60M (+2.7%)
487.67M
est: 503.78M (-3.2%)
522.31M
est: 519.32M (+0.6%)
593.99M
est: 588.79M (+0.9%)
730.74M
724.31M – 741.65M
+24.1% YoY
820.63M
795.30M – 834.00M
+12.3% YoY
886.80M
868.66M – 900.68M
+8.1% YoY
918.70M
899.91M – 933.08M
+3.6% YoY
977.00M
957.02M – 992.29M
+6.3% YoY
EBITDA
-22.29M
est: 366.9K (-6,175.4%)
8.54M
est: 860.4K (+892.8%)
-1.96M
est: 1.92M (-202.1%)
-33.65M
est: 3.72M (-1,003.9%)
-4.20M
est: 21.45M (-119.6%)
33.78M
est: 22.12M (+52.8%)
-13.74M
est: 25.07M (-154.8%)
31.12M
30.85M – 31.58M
+24.1% YoY
34.95M
33.87M – 35.52M
+12.3% YoY
37.76M
36.99M – 38.36M
+8.1% YoY
39.12M
38.32M – 39.74M
+3.6% YoY
41.61M
40.75M – 42.26M
+6.3% YoY
EBIT
-23.69M
est: -2.46M (-864.3%)
1.88M
est: -5.76M (+132.5%)
-25.53M
est: -12.86M (-98.5%)
-63.82M
est: -24.93M (-156.0%)
-36.96M
est: 47.04M (-178.6%)
8.39M
est: 48.49M (-82.7%)
-38.05M
est: 54.98M (-169.2%)
68.23M
67.63M – 69.25M
+24.1% YoY
76.62M
74.26M – 77.87M
+12.3% YoY
82.80M
81.11M – 84.10M
+8.1% YoY
85.78M
84.03M – 87.12M
+3.6% YoY
91.22M
89.36M – 92.65M
+6.3% YoY
Net Income
-26.29M
est: -84.99M (+69.1%)
-6.35M
est: -24.28M (+73.8%)
-35.04M
est: -53.22M (+34.2%)
-70.85M
est: -30.43M (-132.8%)
-39.31M
est: -36.69M (-7.1%)
-4.34M
est: 163.8K (-2,747.0%)
-50.75M
est: -2.73M (-1,758.4%)
3.28M
3.20M – 3.35M
+220.0% YoY
15.97M
15.60M – 16.35M
+387.5% YoY
22.19M
21.37M – 23.01M
+38.9% YoY
38.62M
37.60M – 39.41M
+74.1% YoY
46.02M
44.80M – 46.96M
+19.1% YoY
SGA
29.47M
est: 8.42M (+249.9%)
22.64M
est: 19.75M (+14.7%)
54.27M
est: 44.07M (+23.1%)
90.90M
est: 85.42M (+6.4%)
101.21M
est: 115.70M (-12.5%)
101.79M
est: 119.27M (-14.7%)
113.78M
est: 135.22M (-15.9%)
167.83M
166.35M – 170.33M
+24.1% YoY
188.47M
182.65M – 191.54M
+12.3% YoY
203.67M
199.50M – 206.86M
+8.1% YoY
210.99M
206.68M – 214.30M
+3.6% YoY
224.38M
219.79M – 227.90M
+6.3% YoY
EPS
-1.99
est: -1.05 (-89.5%)
-0.42
est: -0.30 (-40.0%)
-0.83
est: -0.66 (-26.2%)
-1.13
est: -0.38 (-200.5%)
-0.53
est: -0.45 (-18.6%)
-0.05
est: 0.00 (-2,790.0%)
-0.62
est: -0.03 (-1,760.0%)
0.04
0.04 – 0.04
+220.0% YoY
0.20
0.19 – 0.20
+387.5% YoY
0.27
0.26 – 0.28
+38.5% YoY
0.47
0.46 – 0.48
+74.1% YoY
0.56
0.55 – 0.57
+19.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-16 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-06-15 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-12 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-11 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-10 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-09 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-08 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-05 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-04 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-03 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-02 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-01 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-28 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-27 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-26 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-25 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-22 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-21 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-19 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-01 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
33.56M
OE per share TTM
0.39
Owner's Yield
10.60%
Maintenance CapEx ratio
274.75%
Maint CapEx / Avg PPE
15.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-21.7K
Shares Outstanding
87.90M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Harkirat Grover Founder, Chief Executive Officer, President & Executive Chairman 990.6K male
Mayank Mahajan Chief Financial Officer 395.8K male
Aman Sood Chief Operating Officer 376.6K male
Omar Khan Chief Communications & Public Affairs Officer 282.2K male
Andreas-Alexander Palalas Chief Marketing Officer 275.3K male
Joy Lisa Avzar Senior Vice President of Legal & Compliance 253.0K female
Shimshon Posen Secretary & Treasurer male
Carter Brownlee Communications & Public Affairs Advisor male
Krystal Dafoe Director of Corporate Governance
Sandy Sharma Vice President of Human Resources female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits