High Tide (HITI) revenue breakdown

· Market cap $230M

By segment, Bricks-and-mortar is the largest at 95% of fiscal 2025 revenue, growing 14% a year over 2 years.

By product, Cannabis And Hemp-Derived Products is the largest at 88% of fiscal 2025 revenue; Data analytics, advertising and other revenue grew fastest, 85% a year over 5 years.

Revenue by segment

Fiscal years, as High Tide reports them in its 10-K filings; fiscal 2025 total $594M.

Segments202020212022202320242025Share
Bricks-and-mortar———$432M$484M$565M 95%
E-commerce———$56M$38M$19M 3%
Medical cannabis distribution—————$10M 2%
Retail$75M$174M$352M——— —
Wholesale$8M$7M$4M——— —
Corporate$373,000$87,000$122,000——— —

Revenue by product

Fiscal years, as High Tide reports them in its 10-K filings; fiscal 2025 total $594M.

Products202020212022202320242025Share
Cannabis And Hemp-Derived Products$58M$133M$288M$417M$453M$521M 88%
Data analytics, advertising and other revenue$2M$12M$22M$27M$37M$48M 8%
Consumption accessories$21M$34M$45M$44M$33M$25M 4%
Other revenue$2M$2M$2M——— —

Revenue by region

Fiscal years, as High Tide reports them in its 10-K filings; fiscal 2025 total $594M.

Regions202020212022202320242025Share
Canada$68M$150M$290M$432M$484M$565M 95%
USA$14M$20M$60M$53M$36M$18M 3%
International—$11M$7M$3M$2M$11M 2%
International$635,000————— —
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Questions

Where does High Tide make its money?

In fiscal 2025, by segment: Bricks-and-mortar $565M, E-commerce $19M, Medical cannabis distribution $10M.

From High Tide's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.