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High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically integrated company in the Canadian cannabis market with various brands in its portfolio such as Canna Cabana, Fastendr, Queen of Bud, Grasscity, Daily High Club, Famous Brandz, and others. The company's reportable operating segments are; Bricks and mortar which generates maximum revenue, and E-commerce. Geographically, it derives maximum revenue from its business in Canada followed by the United States of America, and other international markets.
2018
1.8K+
LTM Revenue $385M
LTM EBITDA $23.9M
$182M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
High Tide has a last 12-month revenue of $385M and a last 12-month EBITDA of $23.9M.
In the most recent fiscal year, High Tide achieved revenue of $365M and an EBITDA of $23.6M.
High Tide expects next 12-month revenue of XXX and NTM EBITDA of XXX
See High Tide valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $341M | $365M | XXX | XXX | XXX |
| Gross Profit | $70.6M | $91.9M | XXX | XXX | XXX |
| Gross Margin | 21% | 25% | XXX | XXX | XXX |
| EBITDA | -$2.9M | $23.6M | XXX | XXX | XXX |
| EBITDA Margin | -1% | 6% | XXX | XXX | XXX |
| Net Profit | -$50.2M | -$27.5M | XXX | XXX | XXX |
| Net Margin | -15% | -8% | XXX | XXX | XXX |
| Net Debt | $7.7M | $5.2M | XXX | XXX | XXX |
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As of April 15, 2025, High Tide's stock price is CAD 3 (or $2).
High Tide has current market cap of CAD 228M (or $160M), and EV of CAD 261M (or $182M).
See High Tide trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $182M | $160M | XXX | XXX | XXX | XXX | $-0.04 |
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Sign UpAs of April 15, 2025, High Tide has market cap of $160M and EV of $182M.
High Tide's trades at 0.5x LTM EV/Revenue multiple, and 7.6x LTM EBITDA.
Analysts estimate High Tide's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for High Tide and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $182M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.9x | XXX | XXX | XXX |
| P/E | -52.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 11.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpHigh Tide's NTM/LTM revenue growth is 11%
High Tide's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, High Tide's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate High Tide's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for High Tide and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -904% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 18% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 19% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 24% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Live Verdure | XXX | XXX | XXX | XXX | XXX | XXX |
| Ascend Wellness Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Ayr Wellness | XXX | XXX | XXX | XXX | XXX | XXX |
| Cresco Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Grown Rogue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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High Tide acquired XXX companies to date.
Last acquisition by High Tide was XXXXXXXX, XXXXX XXXXX XXXXXX . High Tide acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was High Tide founded? | High Tide was founded in 2018. |
| Where is High Tide headquartered? | High Tide is headquartered in Canada. |
| How many employees does High Tide have? | As of today, High Tide has 1.8K+ employees. |
| Who is the CEO of High Tide? | High Tide's CEO is Mr. Harkirat Grover. |
| Is High Tide publicy listed? | Yes, High Tide is a public company listed on TSX. |
| What is the stock symbol of High Tide? | High Tide trades under HITI ticker. |
| When did High Tide go public? | High Tide went public in 2018. |
| Who are competitors of High Tide? | Similar companies to High Tide include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs. |
| What is the current market cap of High Tide? | High Tide's current market cap is $160M |
| What is the current revenue of High Tide? | High Tide's last 12-month revenue is $385M. |
| What is the current EBITDA of High Tide? | High Tide's last 12-month EBITDA is $23.9M. |
| What is the current EV/Revenue multiple of High Tide? | Current revenue multiple of High Tide is 0.5x. |
| What is the current EV/EBITDA multiple of High Tide? | Current EBITDA multiple of High Tide is 7.6x. |
| What is the current revenue growth of High Tide? | High Tide revenue growth between 2023 and 2024 was 7%. |
| Is High Tide profitable? | Yes, High Tide is EBITDA-positive (as of the last 12 months). |
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