High Tide Inc. (NASDAQ: HITI) announced that company insiders purchased 90,882 common shares on the open market between May 6 and May 8 at an average price of $3.39 per share, according to a press release statement.

The purchases were made by officers, directors, and consultants led by the company's president and chief executive officer. Following these transactions, insiders and certain consultants collectively own or control 7,720,360 common shares, representing approximately 8.8% of the company's issued and outstanding shares.

Chief Executive Officer Raj Grover stated that he increased his ownership position alongside several board members and leadership team members. The company recently secured a $40 million credit facility term sheet with a Canadian bank and reported record quarterly medical cannabis distribution volumes at its German subsidiary Remexian.

According to BfArM Q1 2026 data cited by the company, Remexian's market share in Germany has risen to over 14%, more than doubling since High Tide's acquisition of the business.

High Tide operates through its Canna Cabana retail chain, which has 221 domestic locations in Canada and one international location. The company also operates Remexian Pharma GmbH, a German pharmaceutical company that imports and distributes medical cannabis products.

The Calgary-based company trades on the NASDAQ and TSX Venture Exchange under the ticker HITI and on the Frankfurt Stock Exchange as 2LYA.