The latest update is out from High Tide ( (TSE:HITI) ).
High Tide Inc. reported record revenue of $142.5 million for the first fiscal quarter of 2025, marking an 11% year-over-year increase. The company saw a 5% rise in same-store sales and a significant growth in its Cabana Club loyalty program, which now boasts over 1.76 million members in Canada. Despite a net loss of $2.7 million, High Tide’s strategic expansion and loyalty initiatives are expected to yield long-term benefits, particularly in its e-commerce and international medical cannabis segments.
More about High Tide
High Tide Inc. operates within the cannabis industry, primarily focusing on retail operations. The company offers a diverse range of cannabis products and services, with a significant emphasis on its bricks-and-mortar segment, which accounts for the majority of its revenue. High Tide is noted for its Cabana Club loyalty program and its presence in the Canadian market, where it holds a substantial market share in provinces like Alberta and Ontario.
YTD Price Performance: -26.81%
Average Trading Volume: 664,442
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $196.9M
For a thorough assessment of HITI stock, go to TipRanks’ Stock Analysis page.