Key Takeaways
- High Tide ranked No. 315 among 375 companies on the 2026 Canada’s Top Growing Companies list.
- The company recorded verified three-year revenue growth of 66% between 2022 and 2025.
- Adjusted EBITDA increased 161% during the same measurement period, according to High Tide.
High Tide Reports 66% Three-Year Revenue Growth in Latest Canadian Business Ranking
High Tide has earned another place on Canada’s Top Growing Companies list, marking its sixth consecutive appearance in the annual Report on Business ranking. The Calgary-based cannabis company ranked No. 315 among 375 businesses included in the 2026 list.
High Tide Records 66% Revenue Growth
According to High Tide, its verified three-year revenue growth rate reached 66% over the 2022 to 2025 measurement period. The company also reported that Adjusted EBITDA increased by 161% during the same period.
Adjusted EBITDA is a non-IFRS financial measure, meaning it is not defined under standard IFRS accounting rules. High Tide presented the increase as part of its broader profitability development during the three-year period.
The 2026 recognition continues a trend that began with High Tide’s earlier appearances on the ranking. The company said this year's result represents its sixth consecutive year on Canada’s Top Growing Companies list.
Canna Cabana Remains Central to Canadian Operations
High Tide’s Canadian retail business is anchored by its wholly owned Canna Cabana subsidiary. As of the company’s September 2026 announcement, Canna Cabana operated 232 locations in Canada and one international location.
The company operates across British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. High Tide reported a 14% share of the cannabis retail market in the provinces where it operates, excluding British Columbia, where store counts are capped at eight.
Canna Cabana’s discount club model remains an important part of the company’s retail strategy. High Tide launched the model in 2021 and has continued expanding its store network while building its Cabana Club and ELITE customer programs.
German Medical Cannabis Adds Another Business Segment
High Tide is also expanding outside its Canadian retail operations through Remexian Pharma GmbH in Germany. The company describes Remexian as a medical cannabis importer and wholesale distributor.
High Tide reported that Remexian held a 10.5% share of Germany’s medical cannabis market and was licensed to import from 22 countries, including Canada.
The German operation gives High Tide another business segment beyond its Canadian retail network. The company entered the German bricks-and-mortar market in 2025 and continues to develop its medical cannabis distribution activities through Remexian.
Report on Business Ranking Covers 375 Companies
Canada’s Top Growing Companies is an editorial ranking launched in 2019 to recognize growing Canadian businesses. High Tide said participating companies were required to complete an application process and meet revenue requirements.
The 2026 ranking includes 375 companies, with the full list and related editorial coverage published in the October issue of Report on Business magazine and online.
High Tide’s latest appearance therefore reflects both its historical participation in the ranking and the revenue growth recorded during the specific 2022 to 2025 measurement period.
TwikUp’s Perspective
The latest ranking highlights an important shift in how High Tide’s business is structured. Its Canadian retail network remains the core operating base, while Germany provides an additional avenue through medical cannabis distribution.
The company’s reported 161% increase in Adjusted EBITDA is also notable because it points to a stronger improvement in the profitability measure than the 66% revenue growth recorded during the same period. However, Adjusted EBITDA should be considered alongside standard financial statements because it is a non-IFRS measure.
High Tide’s current operating scale also provides context for the recognition. The company reported record third-quarter 2026 revenue of $199 million and an annualized revenue run rate of approximately $800 million in its September financial results.
The new ranking measures historical performance through 2025, while those later results provide a more recent view of the company’s operating position.