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High Tide reports record revenue and strong growth in cannabis market with $40M credit secured

Company Fundamentals
15 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

High Tide Inc. announced strong financial results for Q2 2026, highlighting record revenue of $31.6 million from its German cannabis subsidiary Remexian Pharma, with gross margins rising to 27%. The company secured $40 million in senior secured credit facilities from the Bank of Montreal to support further growth without diluting shares. Canadian membership in its Cabana Club grew 39% to over 2.65 million, with elite members up 84%, maintaining High Tide's position as the top cannabis revenue generator in Canadian dollars and holding a 12% retail market share across five provinces. These results demonstrate High Tide's expanding footprint and financial strength in the cannabis sector.

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