04:35 PM EDT, 06/16/2025 (MT Newswires) -- High Tide (HITI.V, HITI) was at last look up 1.4% in after-hours Nasdaq trade Monday as investors assess an update the company provided on its outlook in Germany while it reported a loss for its fiscal second quarter that met expectations, even as revenues were slightly lower than forecast.

In the quarter ended April 30, the cannabis retailer report a loss of $2.84 million, or $0.04 per share, compared to a year-prior profit of $0.17 million, or nil. The loss per share was in line with the FactSet estimate,

High Tide reported revenue was $137.8 million, up from $124.3 million during the same period last year, a rise of 11% year over year, and 12% when accounting for the one fewer day in the fiscal quarter, representing the fastest growth rate in six quarters. But the revenue for the quarter lagged the FactSet forecast of $138.5 million.

In an update on Germany, High Tide said it is engaged in ongoing and exclusive discussions regarding a transaction with a leading German medical cannabis importer and wholesaler. Due diligence on this transaction is in its final stages, it said.

The company added it has also submitted a model project proposal to the German Federal Office for Agriculture and Food in response to a December, 2024, ordinance signed by the German Agriculture Minister related to the study of commercial cannabis use by adults.

High Tide shares were last seen up US$0.03 to US$2.25 after hours. They closed down $0.09 to $3.01 on the TSX Venture Exchange.