HITI on Nasdaq

High Tide Inc.

High Tide Inc. is a Canadian retail-retail stores company based in Calgary, incorporated in Alberta.2 Its shares trade on Nasdaq under the symbol HITI.2

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Last updated Oct 20, 2026.

Overview

-51.4MNet income, fiscal 20253

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  • TickerHITI on Nasdaq2
  • IndustryRetail-Retail Stores, NEC2
  • HeadquartersCalgary, Canada2
  • Incorporated inAlberta, Canada4
  • Business address#112, 11127 15Th Street Ne, Calgary, A0 T3K 2M44
  • Filer category, Emerging growth company4
  • Legal formCorporation2
  • LEI529900J22WX18I890H122
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address# 100, 4838 Richard Road SW, T3E 6L1 Calgary, Canada2
  • Registered withMinistry of Service Alberta, 20209736792

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2023

26.9%Gross margin5
-8.5%Operating margin5
-8.4%Net margin5
36.7%Revenue growth, 20236
-30.6%Return on equity3
0.09×Debt to equity5
14.9M CADFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue73¢356.4M CAD
  • Other costs25¢122.4M CAD
  • Interest0¢1.3M CAD
  • Income tax2¢7.6M CAD

Out of 487.7M CAD in revenue.65 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending28¢5.8M CAD
  • Kept or used elsewhere72¢14.9M CAD

Out of 20.7M CAD of cash from operations.5

Financial statements

Revenue786487.7M CAD in 2023+486% since 2020
0200.0M CAD400.0M CAD600.0M CAD2020: 83.3M CAD83.3M CAD20202021: 181.1M CAD181.1M CAD2021+118%2022: 356.9M CAD356.9M CAD2022+97%2023: 487.7M CAD487.7M CAD2023+37%
Gross profit7865131.3M CAD in 2023+326% since 2020
050.0M CAD100.0M CAD150.0M CAD2020: 30.8M CAD30.8M CAD20202021: 64.0M CAD64.0M CAD2021+108%2022: 101.0M CAD101.0M CAD2022+58%2023: 131.3M CAD131.3M CAD2023+30%
Operating income7865-41.4M CAD in 2023
-80.0M CAD-60.0M CAD-40.0M CAD-20.0M CAD020.0M CAD2020: 91.0K CAD91.0K CAD20202021: -18.7M CAD-18.7M CAD20212022: -72.3M CAD-72.3M CAD2022+287%2023: -41.4M CAD-41.4M CAD2023−43%
Net income7865-41.0M CAD in 2023+545% since 2020
-80.0M CAD-60.0M CAD-40.0M CAD-20.0M CAD02020: -6.4M CAD-6.4M CAD20202021: -35.0M CAD-35.0M CAD2021+451%2022: -70.8M CAD-70.8M CAD2022+102%2023: -41.0M CAD-41.0M CAD2023−42%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-10-312024-10-31
Revenue594.0M CAD522.3M CAD
Cost of sales-439.6M CAD-379.8M CAD
Inventory fair value-865.0K CAD0 CAD
Gross profit153.5M CAD142.5M CAD
Salaries, wages and benefits-72.2M CAD-65.1M CAD
Share-based compensation-3.9M CAD-3.0M CAD
General and administration-26.1M CAD-21.8M CAD
Professional fees-8.5M CAD-7.7M CAD
Advertising and promotion-3.2M CAD-4.2M CAD
Depreciation and amortization-24.3M CAD-25.4M CAD
Impairment of goodwill & intangibles-23.6M CAD-5.0M CAD
Interest and bank charges-6.3M CAD-5.3M CAD
Total expenses-168.0M CAD-137.5M CAD
(Loss) income from operations-14.4M CAD5.0M CAD
Finance and other costs-12.9M CAD-10.1M CAD
Loss on foreign exchange-554.0K CAD-24.0K CAD
Other loss0 CAD-342.0K CAD
Loss on revaluation of convertible debentures0 CAD-515.0K CAD
Gain on extinguishment of put option liability0 CAD885.0K CAD
Fair value change in derivative liability-23.6M CAD647.0K CAD
Total other (expenses) income-37.0M CAD-9.4M CAD
Loss before taxes-51.4M CAD-4.4M CAD
Income tax expense-265.0K CAD-601.0K CAD
Deferred income tax recovery290.0K CAD1.2M CAD
Net loss-51.4M CAD-3.8M CAD
Translation difference on foreign operations451.0K CAD1.6M CAD
Total comprehensive loss-51.0M CAD-2.2M CAD
Owners of the Company-50.7M CAD-4.3M CAD
Non-controlling interest-657.0K CAD526.0K CAD
Owners of the Company-50.6M CAD-3.0M CAD
Non-controlling interest-398.0K CAD748.0K CAD
Basic (in dollars per share)-0.62 CAD-0.05 CAD
Diluted (in dollars per share)-0.62 CAD-0.05 CAD

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What it owns

What High Tide Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net29.4M CAD3 Oct 31, 202527.5M CAD3 Oct 31, 2024+7.2%
Operating-lease assets (leased space)47.8M CAD3 Oct 31, 202536.5M CAD3 Oct 31, 2024+30.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents47.9M CAD3 Oct 31, 202547.3M CAD3 Oct 31, 2024+1.3%

Inventory

ItemLatestA year beforeChange
Inventory, total67.4M CAD3 Oct 31, 202529.3M CAD3 Oct 31, 2024+129.8%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAman Sood named Jul 29, 2022 to Nov 15, 20249
  • Executive OfficerAndy Palalas named Jul 29, 2022 to Nov 15, 20249
  • Executive OfficerJoy Avzar named Jul 29, 2022 to Nov 15, 20249
  • Executive OfficerMayank Mahajan named Aug 15, 2024 to Nov 15, 20249
  • Executive OfficerOmar Khan named Jul 29, 2022 to Nov 15, 20249
  • Executive Officer, DirectorRaj Grover named Jul 29, 2022 to Nov 15, 20249
  • Executive OfficerGreg Fleury named Jul 29, 202210
  • Executive OfficerRahim Kanji named Jul 29, 202210
  • DirectorAndrea Elliot named Jul 29, 2022 to Nov 15, 20249
  • DirectorArthur Kwan named Jul 29, 2022 to Nov 15, 20249
  • DirectorNitin Kaushal named Jul 29, 2022 to Nov 15, 20249
  • DirectorOnekanew Christian Sinclair named Jul 29, 2022 to Nov 15, 20249

Timeline

  1. Feb 8, 2018Founded High Tide Inc. is founded2

Filings

343 filings to the SEC since October 2021: 11 annual reports, 2 large holders, 3 private raises, 327 other. The latest 20:

  1. Oct 9, 20266-K EDGAR
  2. Oct 1, 20266-K EDGAR
  3. Sep 28, 20266-K EDGAR
  4. Sep 23, 20266-K EDGAR
  5. Sep 14, 20266-K EDGAR
  6. Sep 14, 20266-K EDGAR
  7. Aug 31, 20266-K EDGAR
  8. Aug 25, 20266-K EDGAR
  9. Aug 12, 20266-K EDGAR
  10. Aug 12, 20266-K EDGAR
  11. Aug 4, 20266-K EDGAR
  12. Jul 23, 20266-K EDGAR
  13. Jul 16, 20266-K EDGAR
  14. Jul 13, 20266-K EDGAR
  15. Jul 10, 20266-K EDGAR
  16. Jul 6, 20266-K EDGAR
  17. Jun 17, 20266-K EDGAR
  18. Jun 15, 20266-K EDGAR
  19. Jun 15, 20266-K EDGAR
  20. Jun 15, 20266-K EDGAR

The 343 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

2 such filings since October 2021:

  1. Oct 1, 2025SCHEDULE 13G/A
  2. Mar 13, 2025SCHEDULE 13G

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 12, 2024Raised $3.2 million in a private offering of debt Form D: 3 investors so far Form D
  2. Jul 31, 2024Raised $6.5 million in a private offering of securities Form D: 3 investors so far Form D
  3. Jul 22, 2022Raised $7.4 million in a private offering of equity Form D: $16.1 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 47. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Tidal Investments LLC1,662,601$3.8M0.0%−52,325
AdvisorShares Investments LLC1,180,774$2.7M0.3%−148,000
Renaissance Technologies LLC899,932$2.1M0.0%−167,700
Two Sigma Investments, LP654,932$1.5M0.0%+107,698
Federation des caisses Desjardins du Quebec260,106$589.5K0.0%+3,000
Baader Bank Aktiengesellschaft250,000$570.0K0.0%−3,891
Millennium Management LLC249,467$568.7K0.0%−111,675
Ewing Morris & Co. Investment Partners Ltd.240,000$546.4K0.3%No change
Point72 Asset Management, L.P.196,962$449.1K0.0%−45,596
Jane Street Group, LLC109,710$249.6K0.0%+1,466
JW Asset Management, LLC96,643$220.3K0.1%−5,501
Qube Research & Technologies Ltd86,387$197.0K0.0%+50,803
Bank Of America Corp /de/73,103$166.7K0.0%−267,029
Morgan Stanley71,261$162.5K0.0%−47,068
Bank Of Montreal /can/66,436$151.2K0.0%−215
Old Mission Capital LLC66,044$150.6K0.0%New
Walleye Capital LLC64,568$147.2K0.0%−246,347
SBI Securities Co., Ltd.40,350$92.0K0.0%+40,000
Axq Capital, LP37,830$86.3K0.0%New
Man Group plc25,200$57.5K0.0%No change
Occudo Quantitative Strategies LP22,875$52.2K0.0%New
Benin Management CORP20,000$45.6K0.0%No change
LPL Financial LLC17,834$40.7K0.0%New
PFS Partners, LLC14,000$31.9K0.0%No change
Citigroup Inc13,795$31.4K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How High Tide Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHigh Tide Inc.1
  • CIK0001847409
  • Filer status<br>emerging growth company an emerging growth company1
  • Incorporated inCanada11
  • Fiscal year endsOctober 311
  • Industry code (SIC)5990 Retail-Retail Stores, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address#112, 11127 15Th Street Ne, Calgary, A0 T3K 2M41
  • Phone855-747-64201
  • Shares outstanding87,235,986 shares as of Oct 31, 202511
  • On EDGAR sinceMar 22, 20211
  • Filings397 in all: 6-K (344), 6-K/A (16), 40-F/A (6), 40-F (5), F-X (4), 40FR12B/A (3), D (3), EFFECT (3)1
    All 16 form types

    F-10 (3), F-10/A (3), SUPPL (2), 40FR12B (1), CERT (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (40-F) Jan 29, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesHITINASDAQ

From the cover page of the 40-F filed Jan 29, 2026 (Section 12(b) of the Exchange Act).11

Sources

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