High Tide Inc. reported interim financial results for the three and nine months ended July 31, 2026, with total Assets of $369.349 million, liabilities of $249.420 million and shareholders’ Equity of $119.929 million. The figures give investors a current view of the company’s reported financial position and its cash, inventory and obligations.

Key Highlights

  • High Tide Inc. held $38.019 million in cash and cash equivalents at July 31, 2026.
  • Total shareholders’ equity reached $119.929 million, compared with $102.787 million at October 31, 2025.
  • Current assets totaled $146.011 million, including $67.452 million of inventory.

Cash and cash equivalents stood at $38.019 million at July 31, 2026, while restricted cash was $9.103 million. The unaudited statements were approved by High Tide Inc. (NASDAQ: HITI)’s Audit Committee and Board of Directors. The results are stated in thousands of Canadian dollars, except for share and per-share amounts. Total assets were $369.349 million at July 31, 2026, against total liabilities of $249.420 million and total shareholders’ equity of $119.929 million.

July Balance Sheet Totals

Current assets amounted to $146.011 million at July 31, 2026. Inventory accounted for $67.452 million, while prepaid expenses and deposits were $21.168 million. Trade and other receivables stood at $10.199 million, and marketable securities were $70 thousand. Cash and cash equivalents were $38.019 million, compared with $39.254 million at October 31, 2025. Restricted cash was $9.103 million, versus $8.629 million at the earlier date. Total current assets were $136.885 million at October 31, 2025. Non-current assets totaled $223.338 million, including $129.637 million in intangible assets and goodwill. Right-of-use assets were $59.993 million, and property and equipment totaled $29.862 million. Long-term prepaid expenses and deposits were $3.846 million. The long-term contract asset was zero at July 31, 2026, compared with $1.285 million at October 31, 2025. Total non-current assets were $212.177 million at the earlier date. Total assets were $349.062 million at October 31, 2025. The July 31 balance sheet therefore showed total assets of $369.349 million.

Liabilities And Equity

Current liabilities totaled $97.569 million at July 31, 2026. Accounts Payable and accrued liabilities were $52.565 million, income tax payable was $8.405 million and deferred Revenue was $6.760 million. Interest-bearing loans and borrowings stood at $13.281 million. The current derivative Liability was $4.136 million. Non-current liabilities totaled $151.851 million. Notes payable represented $13.872 million, Lease liabilities were $51.757 million, and the deferred tax liability was $5.698 million. Secured debentures totaled $12.896 million, convertible Debt was $19.243 million and the non-current derivative liability was $48.385 million. Total liabilities were $246.275 million at October 31, 2025. Current liabilities at that date were $99.919 million, while non-current liabilities were $146.356 million. Share Capital totaled $334.172 million at July 31, 2026, with warrants of $4.546 million and contributed surplus of $42.088 million. The equity-linked derivative liability was negative $35.797 million, and accumulated other comprehensive income was $8.014 million. The accumulated Deficit was negative $247.806 million. Equity attributable to owners of the company was $105.217 million, while non-controlling interest was $14.712 million. At October 31, 2025, share capital was $329.642 million, contributed surplus was $42.024 million, accumulated other comprehensive income was $7.299 million and the accumulated deficit was negative $260.105 million. Equity attributable to owners was $87.609 million, and non-controlling interest was $15.178 million.

Reporting Period And Approval

The statements cover both the three-month and nine-month periods ended July 31, 2026, alongside comparative periods ended July 31, 2025. The Board approved the statements through President and Chair of the Board Harkirat (Raj) Grover and Director and Chair of the Audit Committee Arthur Kwan. The report was signed on September 14, 2026 by Raj Grover, the company’s president and chief executive officer.