High Tide Posts Record Q1 2026 Revenue as Canna Cabana Extends Lead in Canadian Cannabis Retail
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
High Tide ( (TSE:HITI) ) has issued an update.
High Tide reported record first-quarter fiscal 2026 results for the period ended January 31, 2026, with revenue rising 25% year over year to $178.3 million and annualized sales now exceeding $700 million. The company also posted record gross profit of $44.4 million, generated $2.9 million in free cash flow, and narrowed its net loss to $0.4 million, while maintaining a 25% gross margin despite temporary pressure from discounted legacy biomass in its medical segment.
Operationally, Canna Cabana reinforced its leadership in Canadian cannabis retail with a 12% market share, average store sales at 1.9 times peers, and rapid expansion of its Cabana Club loyalty base to 2.58 million Canadian members and 6.65 million globally, including a doubling of ELITE members. Internationally, High Tide’s Remexian unit lifted its share of German cannabis imports to 10.3%, and management highlighted improving U.S. e-commerce trends and active exploration of U.K. expansion via M&A, underscoring a strategy to leverage its discount-club model across an increasingly global footprint.
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 HITI Stock
According to Spark, TipRanks’ AI Analyst, 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 HITI stock, click here.
More about High Tide
High Tide Inc. is a Calgary-based, retail-focused cannabis company operating the Canna Cabana chain, which remains Canada’s largest cannabis retailer with 220 locations across five provinces. The company runs a discount club model anchored by its Cabana Club loyalty program, operates e-commerce businesses in the United States, and has an international medical cannabis distribution arm, including Remexian Pharma in Germany.
Average Trading Volume: 80,014
Technical Sentiment Signal: Sell
Current Market Cap: C$295.1M
See more insights into HITI stock on TipRanks’ Stock Analysis page.
