High Tide (TSE:HITI) has released an update.
High Tide Inc. has reported a record second-quarter free cash flow of $9.4 million and a positive net income, highlighting their solid financial performance as Canada’s largest non-franchised cannabis retailer. The company achieved a milestone with 12-month trailing revenues exceeding $500 million and demonstrated robust membership growth in its loyalty programs. Despite a seasonally slow quarter, High Tide’s adjusted EBITDA grew by 52% year-over-year and maintained a strong cash position, positioning itself for continued strategic expansion.
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