Canada · Delayed Price · Currency is CAD High Tide Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 25% year-over-year to CAD 178.3 million, with adjusted EBITDA up 62% and free cash flow turning positive. Brick-and-mortar and international segments outperformed, while e-commerce showed early recovery. Remexian in Germany posted record sales and margin gains.
Fiscal Year 2025
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Record Q4 revenue and Adjusted EBITDA were driven by strong brick-and-mortar growth, expanding market share, and robust loyalty program performance. Remaxion integration is progressing, with supply chain improvements expected to boost margins in the second half.
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Record Q3 results and expanding market share highlight strong operational execution, with 207 stores and a successful discount club model driving 137% same-store sales growth. The acquisition of a leading German distributor opens new international growth, while disciplined expansion and a robust balance sheet position the company for further gains.
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Record Q3 results driven by bricks-and-mortar growth and strategic entry into Germany, with revenue up 14% year over year and net income turning positive. Integration of Remexian and continued store expansion are expected to fuel further growth.
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Q2 revenue hit a record CAD 137.8 million, up 11% year-over-year, with brick-and-mortar sales up 16%. Same-store sales rose 6.2%, and market share increased to 12%. The company surpassed 200 stores, expects further margin gains, and is preparing for European expansion.
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Record Q1 revenue and strong same-store sales growth were driven by brick-and-mortar expansion and loyalty program gains. Despite lower gross margins and adjusted EBITDA due to accelerated investments, the outlook remains positive with plans for further store openings and entry into Germany.
Fiscal Year 2024
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Record annual revenue and free cash flow were achieved, driven by organic store growth and strong brick-and-mortar performance. International expansion, notably the Purecan acquisition in Germany, and the global rollout of Cabana Club are expected to fuel future growth.
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Record Q3 revenue and net income were achieved, with strong free cash flow and market share gains despite industry headwinds. Store expansion and disciplined cost management drove performance, while new white label products and international opportunities support future growth.
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Q2 2024 saw record free cash flow, positive net income, and a 5% year-over-year revenue increase, driven by strong brick-and-mortar performance and disciplined cost control. Market share and membership growth continued, with robust cash reserves and new debt financing supporting further expansion.