High Tide Inc. 2025 Milestones Recap

2025-12-23SEC Filing 6-K (0001279569-25-001335)

High Tide Inc. reported on its significant achievements in 2025, a year described as transformational. The company expanded its retail footprint by surpassing 200 stores, now at 218 Canna Cabana locations across Canada, and achieved over 2 million Canadian Cabana Club members. A major strategic move was entering the German medical cannabis market through the acquisition of a majority stake in Remexian Pharma GmbH, positioning High Tide as a key importer and distributor there. The company also noted strong financial performance, with an annualized revenue run-rate of $600 million (pre-Remexian) and an annualized Adjusted EBITDA run-rate exceeding $42 million. Retail sales per square foot reached $1,735, and the company maintained a 12% market share in the Canadian retail cannabis sector. High Tide was recognized for its growth, ranking among Canada's top growing companies and receiving accolades from the TSX Venture Exchange. Looking ahead, High Tide plans to further strengthen its brand, expand globally, and increase shareholder value, with potential expansion into the United States market.

Ticker mentioned:HITI