High Tide Inc.
HITI · Retail-Retail Stores, NEC · EDGAR filings ↗
Grade
C56Cannabis retailer turning cash-generative with strong revenue growth, though still net-unprofitable.
Strengths
- Positive FCF $9.9M (64th pct) and OCF margin 4% (68th pct); revenue growth 10.5% (83rd pct)
- Sharply improving earnings (net income growth +12x, 95th pct) and low leverage (D/E 0.13)
Risks
- Still net-loss-making (net margin -8.6%) with negative operating margin and ROE -50% (30th pct)
- Below-median gross margin (37.5th pct) and quick ratio (43rd pct) in a competitive, regulation-constrained sector
Notable findings
- Net lossNet loss (net margin -8.7%)
Key metrics
Gross margin
25.8%
Operating margin
-2.4%
Net margin
-8.7%
Return on equity
-50.0%
Return on assets
-14.7%
ROIC
-9.8%
Revenue growth (QoQ)
10.5%
Debt / equity
0.1×
Current ratio
1.4×
Free cash flow
$10M
Tangible book value
$74M
Cash & investments
$34M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-01-29 | 2025-10-31 | 0001628280-26-004157 ↗ |
| 40-F | 2025-01-29 | 2024-10-31 | 0001628280-25-002990 ↗ |
| 40-F | 2024-01-29 | 2023-10-31 | 0001558370-24-000624 ↗ |
| 40-F | 2023-01-31 | 2022-10-31 | 0001558370-23-000713 ↗ |
| 40-F | 2022-02-02 | 2021-10-31 | 0001558370-22-000725 ↗ |