High Tide Inc. reports record Q3 revenue and retail expansion

High Tide Inc. reported record revenue for the third quarter of 2026, reaching 198.82 million CAD. This represents a 33 percent increase compared to the previous year and marks the company's fifth consecutive record-breaking quarter. Adjusted EBITDA rose 53 percent year-over-year to 16.23 million CAD, while operating profit grew by 133 percent to 8.71 million CAD.

In its retail expansion, the company announced plans to open its first Canna Cabana store in Peterborough, Ontario, subject to regulatory approval. This move follows strong performance in Ontario, where existing Canna Cabana locations reported average sales 2.4 times higher than comparable provincial providers. Upon opening, High Tide will operate 233 Canna Cabana locations across Canada.

Zacks Small Cap Research has set a price target of 5.00 USD for High Tide stock, citing revenue growth, increased profitability, and international expansion efforts in Germany.