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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 $402M
LTM EBITDA $23.9M
$203M
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 (LTM) of $402M and a last 12-month EBITDA of $23.9M.
In the most recent fiscal year, High Tide achieved revenue of $377M and an EBITDA of $24.4M.
High Tide expects next 12-month revenue of XXX and NTM EBITDA of XXX
See High Tide valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $402M | XXX | $377M | XXX | XXX | XXX |
| Gross Profit | $106M | XXX | $103M | XXX | XXX | XXX |
| Gross Margin | 26% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $23.9M | XXX | $24.4M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBIT | $4.6M | XXX | $11.1M | XXX | XXX | XXX |
| EBIT Margin | 1% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | -$3.0M | XXX | -$3.1M | XXX | XXX | XXX |
| Net Margin | -1% | XXX | -1% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, High Tide's stock price is CAD 3 (or $2).
High Tide has current market cap of CAD 249M (or $180M), and EV of CAD 282M (or $203M).
See High Tide trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $203M | $180M | XXX | XXX | XXX | XXX | $-0.04 |
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Start Free TrialAs of May 30, 2025, High Tide has market cap of $180M and EV of $203M.
High Tide's trades at 0.5x EV/Revenue multiple, and 8.5x EV/EBITDA.
Equity research analysts estimate High Tide's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
High Tide has a P/E ratio of -60.8x.
See valuation multiples for High Tide and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $180M | XXX | $180M | XXX | XXX | XXX |
| EV (current) | $203M | XXX | $203M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.5x | XXX | 8.5x | XXX | XXX | XXX |
| EV/EBIT | 44.0x | XXX | 20.1x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | -60.8x | XXX | -57.5x | XXX | XXX | XXX |
| EV/FCF | 23.5x | XXX | 12.3x | 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.
Start Free TrialHigh Tide's last 12 month revenue growth is 11%
High Tide's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
High Tide's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
High Tide's rule of X is 35% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for High Tide and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 283% | XXX | XXX | XXX |
| Rule of 40 | 12% | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 24% | 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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $180M |
| What is the current revenue of High Tide? | High Tide's last 12 months revenue is $402M. |
| What is the current revenue growth of High Tide? | High Tide revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of High Tide? | Current revenue multiple of High Tide is 0.5x. |
| Is High Tide profitable? | Yes, High Tide is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of High Tide? | High Tide's last 12 months EBITDA is $23.9M. |
| What is High Tide's EBITDA margin? | High Tide's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of High Tide? | Current EBITDA multiple of High Tide is 8.5x. |
| What is the current FCF of High Tide? | High Tide's last 12 months FCF is $8.6M. |
| What is High Tide's FCF margin? | High Tide's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of High Tide? | Current FCF multiple of High Tide is 23.5x. |
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