Episode Details

High Tide (NASDAQ: HITI) just posted another standout quarter, and the numbers tell the story.Same-store sales were up 7.4% year-over-year — the fastest growth rate in two years.Free Cash Flow came in at $7.7 million in Q3 2025, up 148% YoY and 57% sequentially.The company also reported positive Net Income of $832,000, a 1% increase YoY and a meaningful turnaround from a net loss of $2.8 million last quarter.Market share continues to expand, with Canna Cabana holding 12% of cannabis retail sales in its five core provinces during May and June 2025, up from 11% the previous year.High Tide also remains the highest revenue-generating Canadian cannabis company reporting in CAD, with a Q3 annualized revenue run rate of $600 million.The TDR Trade To Black Podcast with host Shadd Dales and Anthony Varrell welcomes High Tide CEO Raj Grover (NASDAQ: HITI) for a special live stream.We’ll cover what these Q3 2025 results mean for High Tide’s competitive position — from membership growth and market share expansion to new opportunities in hemp-derived cannabinoids in the U.S. and the German market through Remexian, where the company has a 16% share of grams sold.We’ll also break down recent share price action, which saw High Tide surge above $3.62 to $4.68 before settling around $3.70.How should investors interpret High Tide’s performance heading into 2026?#HighTide #HITI #RajGrover #CannabisStocks #CannabisRetail #CannabisInvesting #CannabisEarnings #CannabisCanada #CannabisNews #TradeToBlackWant to see last week's recap?   • TDR Weekly Recap | Tyson, DOJ Bill, and Te...  Want to see more Cannabis Reform videos?   • Déjà Vu in Congress: The MORE Act Returns ...     • How SAFER Banking Could Actually Become La...     • Rescheduling Cannabis Is Only the Beginnin...     • Pam Bondi, RFK Jr. & DOJ Moves — What It M...  Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook:   / thedalesreport  Twitter:

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