This is a small, bolt-on acquisition at a reasonable multiple (2.1x EBITDA) that incrementally expands High Tide's retail footprint. Monitor upcoming quarterly filings for any impact on consolidated revenue or EBITDA margins from the new store.
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Executive Summary
High Tide acquired an established cannabis store in Chestermere, Alberta for $670,000 in cash, paid entirely on closing. The store will be rebranded under the Canna Cabana banner, bringing total Canadian store count to 234. The purchase price represents 2.1x the store's annualized Adjusted EBITDA of approximately $316,000 for the three months ended August 31, 2026.
Key Facts
- Acquisition of established cannabis store in Chestermere, Alberta for $670,000 in cash
- Store's annualized Adjusted EBITDA approximately $316,000 for the three months ended August 31, 2026
- Purchase price represents 2.1x annualized Adjusted EBITDA
- Total store count reaches 234 locations across Canada and 93 in Alberta
- Transaction closed on October 8, 2026 and was arm's length
Financial Impact
Small bolt-on acquisition: $670,000 cash purchase price for a store generating ~$316,000 annualized Adjusted EBITDA (2.1x multiple)
Risk Factors
- Integration risk from rebranding and operational alignment with Canna Cabana
- Potential for future acquisitions at less favorable terms if this disciplined approach is not maintained
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001279569-26-000966 |
| Exhibit: ex991.htm | 0001279569-26-000966 |
| Document: 0001279569-26-000966-index-headers.html | 0001279569-26-000966 |
| Document: 0001279569-26-000966-index.html | 0001279569-26-000966 |
| Document: 0001279569-26-000966.txt | 0001279569-26-000966 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $2.61 $2.57 | ▼ −1.53% | ▲ +0.44% | $2.59 (−0.77%) |
Oct 1, 2026 25d ago | 6-K | $2.67 $2.58 | ▼ −3.37% | ▼ −4.67% | $2.59 (−3.00%) |
Sep 28, 2026 28d ago | 6-K | $2.81 $2.73 | ▼ −2.85% | ▼ −4.05% | $2.59 (−7.83%) |
Sep 28, 2026 28d ago | Press Release | $2.81 $2.73 | ▲ +2.85% | ▲ +4.05% | $2.59 (+7.83%) |
Sep 23, 2026 4w ago | 6-K | $2.72 $2.73 | ▲ +0.37% | ▲ +1.04% | $2.59 (−4.78%) |
Sep 14, 2026 6w ago | 6-K | $2.63 $2.63 | · 0.00% | ▼ −0.11% | $2.59 (−1.52%) |
Aug 31, 2026 8w ago | 6-K | $2.51 $2.69 | ▲ +7.17% | ▲ +7.31% | $2.59 (+3.19%) |
Aug 25, 2026 8w ago | 6-K | $2.57 $2.48 | ▼ −3.50% | ▼ −2.96% | $2.59 (+0.78%) |
Aug 25, 2026 8w ago | Press Release | $2.57 $2.48 | ▼ −3.50% | ▼ −2.96% | $2.59 (+0.78%) |
Aug 12, 2026 10w ago | 6-K | $2.33 $2.46 | ▲ +5.58% | ▲ +6.02% | $2.59 (+11.16%) |
US Market Status
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