04:28 PM EDT, 03/17/2026 (MT Newswires) -- High Tide (HITI.V, HITI) was last seen up 11% in after-hours Nasdaq trading after the company on Tuesday reported a narrower loss and higher revenue for the fiscal first quarter.

The cannabis retailer lost $352,000, or $0.01 per share, in the quarter ended Jan. 31, compared with a loss of $2.7 million, or $0.03, a year ago. FactSet expected a loss of $0.00 per share.

Revenue rose 25% to $178.3 million from $142.5 million in the year-prior quarter, "representing the fastest growth rate in 10 quarters," the company said. FactSet projected $173.5 million

"The company anticipates that it will advance toward its long-term goal of surpassing 350 locations nationwide by opening another 20 to 30 locations in calendar 2026, mostly through organic growth, while also evaluating supplemental merger and acquisition opportunities of varying sizes," High Tide said.

The company's shares were last seen up US$0.28 to US$2.77 after hours. They closed unchanged at $3.36 on the TSX Venture Exchange.