High Tide grows quarterly revenue 33%, with cash flow still below last year
High Tide ($HITI) reported fiscal third-quarter revenue of C$198.8 million, up 33%, and adjusted EBITDA of C$16.2 million, up 53%. Operating income increased to C$8.7 million. The German medical-cannabis business contributed C$38.2 million in revenue, while the Canadian retail network continued to expand. Canadian same-store sales were broadly unchanged over the full quarter. Free cash flow was C$7 million, down about 9% from a year earlier despite stronger revenue and adjusted earnings. Reporte
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