24/7 Market News Snapshot 18 August, 2025 – High Tide Inc. Common Shares (NASDAQ:HITI)
DENVER, Colo., 18 August, 2025 (www.247marketnews.com) – (NASDAQ:HITI) are discussed in this article.
High Tide Inc. (HITI) is demonstrating remarkable momentum in the financial markets, having seen its share price rise significantly today, opening at $2.76 and currently trading at $3.00, an increase of approximately 12.78% from the previous session’s close of $2.66. This notable trading activity, with a volume of 1.76 million shares, indicates a strong investor interest and highlights bullish sentiment surrounding the company. Key technical levels suggest a potential resistance at $3.10 and support around $2.76, which traders should closely monitor as High Tide continues to show promise.
Alongside its favorable market performance, High Tide has announced encouraging projections for its financial results for the third fiscal quarter ending July 31, 2025. The company expects revenue to be between CAD 147 million and CAD 150 million, marking a substantial year-over-year growth of up to 14%. Crucially, the anticipated Adjusted EBITDA is projected to range from CAD 9.6 million to CAD 10.6 million, reflecting a sequential increase of up to 31%. This growth trajectory has been bolstered by a remarkable 7.4% rise in same-store sales, marking the strongest growth rate the company has experienced in two years.
Raj Grover, the founder and CEO, expressed optimism regarding these projections, emphasizing that the anticipated record revenue and robust Adjusted EBITDA growth showcase the company’s enduring strength. Grover highlighted that High Tide’s recent acquisition of a majority stake in Remexian Pharma GmbH is a strategic move for expansion into the German market, strengthening its position as a global player in the cannabis industry. The complete financial results are set to be released on September 15, 2025, followed by a conference call on September 16 to discuss the outcomes and future outlook.
With a well-established retail network and a diverse array of consumer brands, High Tide is positioned to thrive in a rapidly evolving landscape, underlining its commitment to delivering value to stakeholders and consumers alike.