HITI

Company Overview — What Does High Tide Inc. Do?

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of April 19, 2022, it operated 115 retail locations in Ontario, Alberta, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada. High Tide Inc. (HITI) is classified as a micro-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO Harkirat Grover and employs approximately 1,000 people. With a market capitalization of $200M, HITI is one of the notable companies in the Consumer Discretionary sector.

High Tide Inc. (HITI) Stock Rating — Reduce (April 2026)

As of April 2026, High Tide Inc. receives a Reduce rating with a composite score of 38.1/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.HITI ranks #2,680 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, High Tide Inc. ranks #286 of 442 stocks, placing it in the lower half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

HITI Stock Price and 52-Week Range

High Tide Inc. (HITI) currently trades at $2.34. The stock gained $0.06 (2.6%) in the most recent trading session. The 52-week high for HITI is $4.06, which means the stock is currently trading -42.3% from its annual peak. The 52-week low is $1.64, putting the stock 42.6% above its annual trough. Recent trading volume was 358K shares, suggesting relatively thin trading activity.

Is HITI Overvalued or Undervalued? — Valuation Analysis

High Tide Inc. (HITI) carries a value factor score of 31/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 3.20x, versus the sector average of 1.99x.

At current multiples, High Tide Inc. trades at a premium to most Consumer Discretionary peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

High Tide Inc. Profitability — ROE, Margins, and Quality Score

High Tide Inc. (HITI) earns a quality factor score of 32/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -234.7%, compared to the Consumer Discretionary sector average of 6.2%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -58.9% versus the sector average of 2.5%.

Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

HITI Debt, Balance Sheet, and Financial Health

High Tide Inc. has a debt-to-equity ratio of 94.0%, compared to the Consumer Discretionary sector average of 89.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $59M. Cash and equivalents stand at $34M.

HITI has a beta of 0.71, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for High Tide Inc. is 56/100, reflecting average volatility within the normal range for its sector.

High Tide Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, High Tide Inc. reported revenue of $0. Net income for the quarter was $-37M. Operating income came in at $-21M.

In FY 2025, High Tide Inc. reported revenue of $0. Net income for the quarter was $-37M. Operating income came in at $-21M.

In FY 2024, High Tide Inc. reported revenue of $369M. Net income for the quarter was $-3M. Gross margin was 27.7%. Operating income came in at $13M.

In FY 2023, High Tide Inc. reported revenue of $0. Net income for the quarter was $-30M. Operating income came in at $-22M.

Over the past 7 quarters, High Tide Inc. has experienced revenue contraction from $63M to $0. Investors analyzing HITI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

HITI Dividend Yield and Income Analysis

High Tide Inc. (HITI) does not currently pay a dividend. This is common among smaller companies in the Retail industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Discretionary dividend stocks may want to explore other Consumer Discretionary stocks or use the stock screener to filter by dividend yield.

HITI Momentum and Technical Analysis Profile

High Tide Inc. (HITI) has a momentum factor score of 32/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 40/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 65/100 reflects moderate short selling activity.

HITI vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, High Tide Inc. (HITI) ranks #286 out of 442 stocks based on the Blank Capital composite score. This places HITI in the lower half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing HITI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full HITI vs S&P 500 (SPY) comparison to assess how High Tide Inc. stacks up against the broader market across all factor dimensions.

HITI Next Earnings Date

No upcoming earnings date has been announced for High Tide Inc. (HITI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy HITI? — Investment Thesis Summary

The quantitative profile for High Tide Inc. suggests caution. The quality score of 32/100 flags below-average profitability. The value score of 31/100 indicates premium valuation. Momentum is weak at 32/100, a headwind for near-term performance.

In summary, High Tide Inc. (HITI) earns a Reduce rating with a composite score of 38.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on HITI stock.

Related Resources for HITI Investors

Explore more research and tools: HITI vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare HITI head-to-head with peers: HITI vs MCRI, HITI vs CASY, HITI vs IMKTA.