04:36 PM EDT, 09/15/2025 (MT Newswires) -- Cannabis retailer High Tide (HITI.V, HITI) was up 13% and at fresh 52 week high levels in U.S. after hours trade Monday as it reported a surprise profit on a modest increase in revenues for the third quarter, but said "the cherry on top" was the recent closing of the "game-changing acquisition" involving Remexian.

The cannabis retailer earned $832,000, or $0.01 per share, in the period, up from $825,000, or $0.01 per share, a year ago. FactSet expected a loss of $0.01 per share.

Revenue for the quarter ended July 31 rose to $149.7 million from $131.7 million a year prior. The company said the increase represented "the fastest growth rate in seven quarters." FactSet had projected revenue of $147.4 million.

The company said same store sales were up 7.4% year over year, the fastest growth rate in two years, and it reported $7.7 million in free cash flow in Q3 2025, up 148% year over year, and 57% sequentially.

During May 2025 and June 2025, it said, Canna Cabana held a 12% share of the cannabis retail market across the five provinces in which the company has a presence, up from 11% in the previous year. The company added that after opening 16 new locations this year, it is on track to hit the high end of its 2025 goal of 20 to 30 new stores, moving closer to its long-term target of over 300 locations in Canada.

"The cherry on top of these results is the recent closing of our acquisition of a majority stake in Remexian, which positions us as a major player in Germany's medical cannabis market, based on market share," Chief Executive Raj Grover said.

HITI rose more than 8% and hit 52 week highs in Canada today too.