High Tide Announces Preliminary Q3 2025 Guidance

The Company Expects Record Revenue, Adjusted EBITDA Ahead of Analyst Forecasts and a Two-Year High in Same-Store Sales Growth

The Company Also Shares Details of Its Q3 2025 Earnings Event

CALGARY, AB, Aug. 18, 2025 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, is pleased to release guidance estimates regarding anticipated results for its third fiscal quarter ended July 31, 2025. 

Management Guidance Range

(Expressed in millions of Canadian Dollars)

Implied Sequential Quarter-over-Quarter Change

Implied Year-over-Year Change

Analyst Expectations1

(Millions of Dollars CAD)

Low

High

Low

High

Low

High

Low

Consensus

High

Revenue

$147.0

$150.0

7 %

9 %

12 %

14 %

$145.8

$146.0

$146.3

Gross Margin

$38.5

$40.0

9 %

13 %

9 %

13 %

$37.7

$38.0

$38.3

Adjusted EBITDA2

$9.6

$10.6

19 %

31 %

0 %

10 %

$8.1

$8.4

$8.6

Notes:

1.

Based on FactSet Reporting as at August 17, 2025; https://www.factset.com.

2.

Adjusted Earnings before interest, taxes, depreciation, and amortization ("EBITDA"). This measure does not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS") and is, therefore, unlikely to be comparable to similar measures presented by other issuers. Non-IFRS measures provide investors with a supplemental measure of the Company's operating performance and, therefore, highlight trends in the Company's core business that may not otherwise be apparent when relying solely on IFRS measures. Management uses non-IFRS measures in measuring the financial performance of the Company.

"This quarter's ...