High Tide Valuation Multiples

High Tide Overview

About High Tide

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, 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.

Founded

2018

HQ

Employees

1.8K

Website

hightideinc.com

Sectors

CannabisSpecialty StoresCannaTechViceTech

Financials (LTM)

Revenue: $482M

EBITDA: $34M

EV

$293M

Valuation Multiples

Multiples.vc

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High Tide Financials

High Tide reported last 12-month revenue of $482M and EBITDA of $34M.

In the same LTM period, High Tide generated $125M in gross profit, $34M in EBITDA, and had net loss of ($19M).

High Tide P&L

In the most recent fiscal year, High Tide reported revenue of $439M and EBITDA of $28M.

High Tide expects next 12-month revenue of XXX and NTM EBITDA of XXX

High Tide Stock Performance

High Tide has current market cap of $210M, and enterprise value of $293M.

High Tide's stock price is $2.39.

High Tide Valuation Multiples

High Tide trades at 0.6x EV/Revenue multiple, and 8.7x EV/EBITDA.

High Tide Financial Valuation Multiples

As of April 19, 2026, High Tide has market cap of $210M and EV of $293M.

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 (11.3x).

High Tide Margins & Growth Rates

High Tide's revenue in the last 12 month grew by 17%.

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 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

High Tide's rule of X is 61% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

High Tide Public Comps

See public comps and valuation multiples for other Cannabis and Specialty Stores comps.

High Tide M&A Activity

High Tide acquired XXX companies to date.

Last acquisition by High Tide was on XXXXXXXX, XXXXX. High Tide acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

High Tide Investment Activity

High Tide invested in XXX companies to date.

High Tide made its latest investment on XXXXXXXX, XXXXX. High Tide invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).