High Tide Inc. reported record second-quarter fiscal 2026 financial results, with revenue increasing 30% year over year to $179.3 million. Gross profit climbed 36% to $48.4 million, and gross margin improved to 27%. Adjusted EBITDA reached a record $13.9 million, up 73% from the prior year, while income from operations rose 554% to $6.1 million. The company also generated $1.5 million in free cash flow and reported positive net income. Additionally, High Tide entered into a definitive agreement to acquire J. Supply Holdings Inc., operating as Northern Helm, in a transaction valued at $7.74 million, which includes four cannabis retail stores in Ontario and is expected to expand the Canna Cabana network to 228 locations nationwide.
High Tide IncRecord revenue, profit, and EBITDA growth, plus positive free cash flow and net income.
Acquisition by High Tide at $7.74 million provides exit for J. Supply Holdings.