24/7 Market News Snapshot 15 September, 2025 – High Tide Inc. Common Shares (NASDAQ:HITI)
DENVER, Colo., 15 September, 2025 (www.247marketnews.com) – (NASDAQ:HITI) are discussed in this article.
High Tide Inc. is experiencing significant momentum, driven by both a substantial increase in its stock value and remarkable financial results for the third fiscal quarter of 2025. The company’s shares opened at $3.63 and surged to $4.225, reflecting an impressive 23.18% rise, fueled by strong investor interest and trading volume reaching 3.13 million shares.
In conjunction with this stock market performance, High Tide reported record revenues of $149.7 million for the quarter ending July 31, representing a 14% year-over-year increase—the fastest growth rate the company has seen in seven quarters. The bricks-and-mortar segment was particularly impactful, showcasing an 18% revenue growth, while same-store sales increased by 7.4%, marking the highest growth rate in two years.
Free cash flow surged to $7.7 million, reflecting a remarkable 148% year-over-year increase, and the company achieved net income of $832 thousand, a significant turnaround from previous losses. Raj Grover, the founder and CEO, highlighted the effectiveness of the company’s loyalty-focused model, underscoring its appeal to consumers through the successful Cabana Club discount membership program, which now boasts over 2.15 million members.
In a strategic expansion of its market presence, High Tide recently completed the acquisition of a majority stake in Remexian Pharma GmbH, enhancing its position in the European medical cannabis market. This acquisition diversifies revenue streams and aligns with High Tide’s growth ambitions.
Looking ahead, High Tide aims to exceed 300 Cabañas across North America, further solidifying its market leadership in the cannabis retail sector. The company’s innovative strategies and focus on growth continue to position it favorably in an evolving industry landscape.