High Tide Expands Ontario Footprint With New Scarborough Store and Equity Grants
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High Tide ( (TSE:HITI) ) just unveiled an update.
On February 9, 2026, High Tide opened a new Canna Cabana cannabis retail store on Kingston Road in Scarborough, Ontario, adding to its network of 219 locations across Canada and 95 in Ontario. The site, previously occupied by Rockwood Cannabis, is positioned on a high-traffic corridor with limited nearby competition, reinforcing High Tide’s disciplined expansion strategy and deepening its presence in a dense, growing neighbourhood.
The company also granted 145,500 stock options exercisable at $3.22 until February 6, 2029, and 1,300,530 restricted stock units to directors, officers, employees and consultants under its Omnibus Plan, with RSUs vesting in tranches between 2027 and 2029. As directors received 795,106 RSUs, the award constitutes a related-party transaction under Canadian securities rules, though High Tide says it qualifies for exemptions from formal valuation and minority shareholder approval requirements.
The most recent analyst rating on (TSE:HITI) stock is a Sell with a C$3.00 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
The score is driven primarily by weakened financial performance (2025 loss resurgence and materially higher leverage) and bearish technicals (below key moving averages with negative MACD and very weak RSI/Stochastic). Positive operating/free cash flow provides some support, but valuation is constrained by ongoing losses and no stated dividend yield.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide Inc. is a Canada-based, retail-forward cannabis enterprise focused on serving recreational consumers and medical markets. Through its Canna Cabana chain, now with 219 locations nationwide and a 12% Canadian market share, and its German subsidiary Remexian Pharma for medical cannabis distribution, the company combines brick-and-mortar stores with global e-commerce platforms for accessories and hemp-derived CBD products.
YTD Price Performance: -12.26%
Average Trading Volume: 92,548
Technical Sentiment Signal: Sell
Current Market Cap: C$282.8M
Learn more about HITI stock on TipRanks’ Stock Analysis page.
