08:40 AM EDT, 08/18/2025 (MT Newswires) -- High Tide (HITI.V) on Monday released its preliminary guidance for the third quarter ended July 31.

The company is expecting revenue of $147 million-$150 million and adjusted EBITDA of $9.6 million-$10.6 million.

"We expect to deliver record revenue and powerful sequential Adjusted EBITDA growth. These results have been fueled by a projected 7.4% increase in same-store sales during the quarter, which was our fastest growth rate in two years," said Raj Grover, chief executive officer of High Tide. "These results, anticipated to be well above analyst expectations, highlight how underappreciated our core Canadian business remains. With our entry into Germany, through the recently announced acquisition of a majority stake in Remexian Pharma GmbH, we're no longer just a Canadian success story-we're building the next global cannabis powerhouse."

High Tide expects to report its third-quarter results on Sept. 15.

The company's shares are up US$0.04, to US$2.70, in New York trading.