The cannabis retailer forecast Q3 revenue of C$195M-C$200M, surpassing the C$183.4M analyst consensus.
High Tide (HITI) shares rose nearly 5% after issuing third-quarter guidance that exceeded expectations. The company projected revenue of C$195M-C$200M for the quarter ended July 31, 2026, above the C$183.4M analyst estimate.
Adjusted EBITDA was forecast at C$15.2M-C$16.5M, compared with prior expectations. The guidance reflects stronger-than-anticipated demand in its retail and wholesale segments.
Shares climbed in early trading following the announcement, reflecting investor optimism over the revised outlook.