High Tide Inc. reported record second-quarter 2026 revenue of C$179.3 million, up from C$137.8 million a year earlier, and narrowed its quarterly net loss to C$0.197 million while achieving a six-month net income of C$1.01 million. The company also secured credit approval for new C$40 million senior secured facilities with Bank of Montreal, comprising a C$25 million revolver and a C$15 million delayed draw term loan, replacing its existing senior facility and second lien debentures. The Canna Cabana store network has surpassed 220 locations, and the new credit lines are intended to support continued expansion and refinancing. The investment narrative projects revenue of C$897.7 million and earnings of C$58.3 million by 2028, implying a fair value estimate of C$7.33 per share.
High Tide IncRecord Q2 revenue, narrowed net loss, six-month net income, and new C$40 million credit facilities support expansion and refinancing.
Bank of MontrealBank of Montreal provided C$40 million credit facilities to High Tide, generating fee income and lending business.