High Tide issues preliminary Q3 2025 guidance above analyst forecasts

High Tide Inc. (NASDAQ: HITI) released preliminary guidance for its third fiscal quarter ended July 31, 2025, projecting revenue between C$147.0 million and C$150.0 million, according to a company statement.

The cannabis retailer expects adjusted EBITDA of C$9.6 million to C$10.6 million for the quarter. These figures exceed analyst consensus expectations of C$146.0 million in revenue and C$8.4 million in adjusted EBITDA, based on FactSet data as of August 17, 2025.

The company projects same-store sales growth of 7.4% during the quarter, which represents its fastest growth rate in two years. Revenue guidance implies year-over-year growth of 12% to 14% compared to the same quarter in 2024.

High Tide anticipates gross margin between C$38.5 million and C$40.0 million for the quarter, compared to analyst expectations ranging from C$37.7 million to C$38.3 million.

The Calgary-based company operates 203 Canna Cabana retail locations across Canada and runs several e-commerce platforms for cannabis accessories. High Tide recently announced an acquisition of a majority stake in German company Remexian Pharma GmbH as part of its expansion into the German market.

The company plans to release complete third quarter financial results on September 15, 2025, after market close, followed by a conference call on September 16, 2025, at 11:30 AM Eastern Time.

The preliminary results are unaudited and subject to completion of the company's financial closing procedures. High Tide's independent accounting firm has not reviewed these preliminary estimates.

You May Also Be Interested In

• Cerebras CEO says investors misunderstood margin guidance
• Kadima sues NRx Pharmaceuticals over failed acquisition deal
• Qualcomm to launch data center CPU in mid-2028 - Data Center Chief