High Tide Ranks Among Canada's Fastest Growing Firms Again
High Tide Achieves Recognition in Top Growing Companies Report
High Tide Inc. ('High Tide' or 'the Company') (NASDAQ: HITI) has made headlines yet again for its remarkable performance in the Report on Business annual ranking, marking the fifth consecutive year it has achieved this honor. In the latest report, High Tide has secured the 182nd position out of 400 companies, showcasing an impressive three-year revenue growth rate of 188%. This kind of consistent performance is a testament to the dedication and hard work of the High Tide team.
Highlights of High Tide's Growth Journey
The journey leading to this recognition has been nothing short of extraordinary. Previously, the Company ranked 87th out of 417 competitors in the 2024 report with an even more impressive three-year growth rate of 486%. This demonstrates our ongoing commitment to growth and expansion in the cannabis industry.
Leadership Insights on Growth
Raj Grover, Founder and CEO of High Tide, expressed his gratitude and emphasize the importance of teamwork in achieving these milestones. He stated that this award reflects not only the hard work of the entire crew but also the loyalty of the Cabana Club members. Emphasizing their value-focused retail model, he noted that the recognition from Report on Business underscores High Tide's successful operations in Canada.
Exciting Expansion Plans
In addition to this accolade, High Tide has recently marked an exciting new chapter through the majority acquisition of Remexian. This strategic move allows the Company to tap into Europe’s largest cannabis market, which is expected to broaden its revenue streams and extend its international reach.
The Significance of the Top Growing Companies Ranking
Canada's Top Growing Companies program launched in 2019 aims to celebrate the innovative efforts and achievements of local businesses. Companies are selected based on a rigorous application process that assesses their revenue growth, showcasing the diversity and vitality of the Canadian entrepreneurial ecosystem. With 400 companies earning a spot on this year's ranking, High Tide's placement is commendable.
Industry Impact and Future Aspirations
Dawn Calleja, Editor of Report on Business, highlighted the importance of sharing the stories of Canadian entrepreneurs. She noted that the annual ranking not only reflects ingenuity across various sectors but also inspires the next generation of business leaders. High Tide is proud to contribute to this narrative.
About High Tide
High Tide, Inc. stands out as a community-oriented, retail-forward enterprise dedicated to maximizing the potential of the cannabis industry. With its flagship brand, Canna Cabana, being the second-largest cannabis retailer worldwide, High Tide focuses on diverse and integrated operations throughout cannabis distribution, retail, and e-commerce.
Retail and International Ventures
The Company’s retail segment includes Canna Cabana™, which currently boasts 210 locations across several provinces and commands a significant market share. Furthermore, with the integration of Remexian Pharma GmbH, High Tide is positioned to lead in the medical cannabis distribution space, ensuring affordable access to medical cannabis products for consumers.
Recent Accolades and Future Goals
High Tide's consistent recognition as one of Canada's top companies is complemented by accolades from respected entities. The Company has been ranked among the top 50 by the TSX Venture Exchange in multiple years and was recognized in the Financial Times list of Americas' Fastest Growing Companies in 2023. These achievements bolster High Tide's reputation and serve as motivation for future advancements.
Connection with Stakeholders
High Tide places great emphasis on transparent communication with its stakeholders. Media inquiries can be directed to Carter Brownlee, Communications and Public Affairs Advisor, while investor inquiries can reach out to Vahan Ajamian, Capital Markets Advisor. The team is committed to keeping all interested parties informed about their ongoing projects and performances.
Frequently Asked Questions
What is High Tide Inc. known for?
High Tide Inc. is recognized for being a leading retail-forward enterprise in the cannabis industry, with a focus on delivering quality products through diverse operations.
How did High Tide perform in the latest ranking?
The Company placed 182 out of 400 firms in the 2025 Report on Business ranking, showcasing a three-year revenue growth of 188%.
What recent acquisition has High Tide made?
High Tide recently acquired Remexian, entering the European cannabis market to enhance its revenue profile and market presence.
Who are the key executives at High Tide?
Raj Grover serves as the Founder and CEO, leading the strategic direction of the Company.
How does High Tide engage with the public?
High Tide encourages inquiries from both media and investors, offering access to its team for communications and transparency regarding ongoing projects and developments.
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