High Tide Inc. (NASDAQ:HITI) reported record fiscal third-quarter revenue of C$198.8 million on September 14, up 33% year over year. Operating income increased 133% to C$8.7 million for the quarter ended July 31, 2026, yet net cash provided by operating activities slipped to C$10.1 million from C$10.7 million.
High Tide Inc. (NASDAQ:HITI) generated C$11.9 million of operating cash flow before changes in non-cash working capital, up 44%. Working capital then absorbed C$1.8 million, compared with a C$2.4 million release a year earlier. That approximately C$4.2 million unfavorable swing outweighed the improvement before working-capital movements. The question is whether expansion will keep requiring a larger cash commitment.
High Tide Inc. (NASDAQ:HITI) is translating sales growth into stronger operating profitability. Operating income represented approximately 4.4% of revenue, compared with 2.5% a year earlier. That improvement gives the business more room to absorb the costs of expansion.
High Tide Inc. (NASDAQ:HITI) opened four Canadian stores and acquired four more during the quarter. Its German medical-cannabis subsidiary, Remexian, generated C$38.2 million in revenue, up from C$31.6 million sequentially. Remexian distributed 10.2 tonnes, a 35% sequential increase. Both markets offer opportunities to build sales across a larger operating base.
High Tide Inc. (NASDAQ:HITI) also improved operating cash flow to C$4.4 million in the second quarter. For the first nine months, operating cash flow reached C$20.4 million versus C$19.6 million a year earlier. Those comparisons show that the quarterly year-over-year decline sits alongside improving cash generation over other periods.
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High Tide Inc. (NASDAQ:HITI) generated C$11.9 million of operating cash flow before changes in non-cash working capital, up 44%. Working capital then absorbed C$1.8 million, compared with a C$2.4 million release a year earlier. That approximately C$4.2 million unfavorable swing outweighed the improvement before working-capital movements. The question is whether expansion will keep requiring a larger cash commitment.
High Tide Inc. (NASDAQ:HITI) is translating sales growth into stronger operating profitability. Operating income represented approximately 4.4% of revenue, compared with 2.5% a year earlier. That improvement gives the business more room to absorb the costs of expansion.
High Tide Inc. (NASDAQ:HITI) opened four Canadian stores and acquired four more during the quarter. Its German medical-cannabis subsidiary, Remexian, generated C$38.2 million in revenue, up from C$31.6 million sequentially. Remexian distributed 10.2 tonnes, a 35% sequential increase. Both markets offer opportunities to build sales across a larger operating base.
High Tide Inc. (NASDAQ:HITI) also improved operating cash flow to C$4.4 million in the second quarter. For the first nine months, operating cash flow reached C$20.4 million versus C$19.6 million a year earlier. Those comparisons show that the quarterly year-over-year decline sits alongside improving cash generation over other periods.
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