Canada's High Tide Q4 revenue beats estimates

High Tide

29/01/2026 21:11

Overview

Canada cannabis retailer's Q4 revenue rose 19% yr/yr, beating analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations, reaching a record C$12.4 mln

Company closed acquisition of majority stake in Remexian Pharma, entering German cannabis market

Outlook

High Tide plans to open 20-30 new Canna Cabana locations in 2026

Company expects white label cannabis sales to grow to 20% long-term

High Tide is evaluating U.S. CBD opportunities following federal initiatives

Result Drivers

SAME-STORE SALES - Same-store sales rose 5.5% year-over-year in Q4, contributing to revenue growth

STORE EXPANSION - Opened 27 new Canna Cabana locations, reaching 218 stores, solidifying position as largest cannabis retailer in Canada

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$164.03 mln
C$160.83 mln (4 Analysts)
Q4 Net Income
-C$46.71 mln
Q4 Adjusted EBITDA
Beat
C$12.41 mln
C$11.28 mln (4 Analysts)
Q4 Gross Profit
C$42.53 mln
Q4 Income From Operations
-C$19.19 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the drug retailers peer group is "buy"

Wall Street's median 12-month price target for High Tide Inc is C$7.25, about 115.8% above its January 28 closing price of C$3.36

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 43 three months ago

Press Release: ID:nPn2307cpa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)