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High Tide Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Oct 31, 2025 FY 2024Oct 31, 2024 FY 2023Oct 31, 2023 FY 2022Oct 31, 2022 FY 2021Oct 31, 2021
Total Revenue 594.0M 522.3M 487.7M 356.9M --
Operating Revenue 594.0M 522.3M 487.7M 355.1M --
Cost Of Revenue 440.5M 379.8M 356.4M 255.9M --
Gross Profit 153.5M 142.5M 131.3M 101.0M --
Selling General And Administration 113.8M 101.8M 101.2M 90.9M --
General And Administrative Expense 110.6M 97.6M 97.1M 83.0M --
Depreciation And Amortization In Income Statement 24.3M 25.4M 32.8M 30.2M --
Operating Expense 138.1M 127.2M 134.0M 121.1M --
Operating Income 15.4M 15.3M -2.7M -20.1M --
EBIT -38.0M 8.4M -37.0M -63.8M --
Interest Expense 13.4M 12.8M 11.6M 9.9M --
Interest Expense Non Operating 13.4M 12.8M 11.6M 9.9M --
Interest Income -- -- -- -- 0.00
Interest Income Non Operating -- -- -- -- 0.00
Net Interest Income -13.4M -12.8M -11.6M -9.9M --
Other Income Expense -53.5M -6.9M -34.3M -43.7M --
Other Non Operating Income Expenses -- -857,000 450,000 -- --
Special Income Charges -29.4M -7.6M -36.9M -53.4M --
Restructuring And Mergern Acquisition 5.8M 2.6M 2.6M 3.9M --
Gain On Sale Of Security -24.1M 1.5M 2.1M 9.7M --
Pretax Income -51.4M -4.4M -48.6M -73.8M --
Tax Provision -25,000 -593,000 -7.6M -2.9M --
Tax Effect Of Unusual Items -26,000 -817,327 -5.5M -1.7M --
Net Income From Continuing And Discontinued Operation -50.7M -4.3M -39.3M -71.8M --
Net Income From Continuing Operation Net Minority Interest -50.7M -4.3M -39.3M -71.8M --
Net Income Including Noncontrolling Interests -51.4M -3.8M -41.0M -70.8M --
Minority Interests 657,000 -526,000 1.6M -908,000 --
Net Income Common Stockholders -50.7M -4.3M -39.3M -71.8M --
Net Income -50.7M -4.3M -39.3M -71.8M --
EBITDA -13.7M 33.8M -4.2M -33.6M --
Normalized EBITDA 39.7M 39.9M 30.6M 10.1M --
Reconciled Depreciation 24.3M 25.4M 32.8M 30.2M --
Basic EPS -- -0.05 -0.53 -1.14 -0.84
Diluted EPS -- -0.05 -0.53 -1.14 -0.84
Basic Average Shares -- 80.8M 74.3M 62.8M 42.4M
Diluted Average Shares -- 80.8M 74.3M 62.8M 42.4M
Total Unusual Items -53.5M -6.1M -34.8M -43.7M --
Total Unusual Items Excluding Goodwill -53.5M -6.1M -34.8M -43.7M --
Tax Rate For Calcs 0.00 0.13 0.16 0.04 --
Normalized Income 2.7M 915,673 -10.0M -29.8M --
Amortization 5.8M 8.0M 13.2M -- --
Amortization Of Intangibles Income Statement 5.8M 8.0M 13.2M -- --
Depreciation Amortization Depletion Income Statement 24.3M 25.4M 32.8M 30.2M --
Depreciation Income Statement 18.5M 17.4M 19.5M -- --
Diluted NI Availto Com Stockholders -50.7M -4.3M -39.3M -71.8M --
Gain On Sale Of Ppe -- -- -- 0.00 3.3M
Impairment Of Capital Assets 23.6M 5.0M 34.3M 48.7M --
Net Income Continuous Operations -51.4M -3.8M -41.0M -70.8M --
Net Non Operating Interest Income Expense -13.4M -12.8M -11.6M -9.9M --
Other Gand A 34.5M 29.6M 35.2M 30.9M --
Other Special Charges -- -79,000 -- 772,000 -718,000
Reconciled Cost Of Revenue 440.5M 379.8M 356.4M 255.9M --
Salaries And Wages 76.1M 68.1M 61.8M 52.1M --
Selling And Marketing Expense 3.2M 4.2M 4.1M 7.9M --
Total Expenses 578.5M 507.0M 490.3M 377.0M --
Total Operating Income As Reported -14.4M 5.0M -41.4M -72.3M --
Total Other Finance Cost -- -- -- -- 4.9M
Line Item FY 2025Oct 31, 2025 FY 2024Oct 31, 2024 FY 2023Oct 31, 2023 FY 2022Oct 31, 2022 FY 2021Oct 31, 2021
Cash And Cash Equivalents 47.9M 47.3M 30.1M 25.1M --
Cash Cash Equivalents And Short Term Investments 47.9M 48.0M 30.3M 25.3M --
Cash Financial -- -- -- -- 14.0M
Other Short Term Investments 64,000 712,000 141,000 195,000 --
Accounts Receivable 5.6M 3.3M 7.6M 7.9M --
Receivables 5.6M 3.3M 7.6M 8.2M --
Inventory 67.4M 29.3M 26.0M 23.4M --
Prepaid Assets 15.9M 5.2M 4.8M 7.2M --
Current Assets 136.9M 85.8M 68.6M 64.1M --
Gross PPE 122.1M 100.3M 86.2M 79.1M --
Accumulated Depreciation -44.8M -36.3M -28.4M -17.1M --
Net PPE 77.2M 64.0M 57.8M 62.0M --
Goodwill 90.1M 73.4M 76.2M 83.4M --
Goodwill And Other Intangible Assets 129.5M 92.8M 103.5M 145.5M --
Other Intangible Assets 39.4M 19.4M 27.3M 62.1M --
Investments And Advances -- 0.00 179,000 203,000 506,000
Other Investments -- 0.00 179,000 203,000 506,000
Total Non Current Assets 212.2M 160.4M 164.8M 210.7M --
Total Assets 349.1M 246.2M 233.4M 274.7M --
Current Debt 17.7M 26.9M 25.0M 19.1M --
Current Debt And Capital Lease Obligation 27.5M 35.7M 32.2M 26.7M --
Accounts Payable 27.8M 8.1M 8.4M 7.7M --
Payables 42.0M 14.1M 12.4M 19.2M --
Payables And Accrued Expenses 54.4M 23.8M 20.9M 26.2M --
Current Accrued Expenses 12.5M 9.8M 8.5M 7.0M --
Current Deferred Revenue 8.0M 2.0M 1.4M 641,000 --
Other Current Liabilities 10.0M -- 3.7M 6.3M 10.0M
Current Liabilities 99.9M 61.5M 58.1M 59.9M --
Long Term Debt 81.4M 7.5M 12.5M 17.0M --
Long Term Debt And Capital Lease Obligation 121.4M 38.9M 40.3M 43.2M --
Long Term Capital Lease Obligation 40.0M 31.4M 27.8M 26.1M --
Total Non Current Liabilities Net Minority Interest 146.4M 39.2M 41.6M 52.8M --
Total Liabilities Net Minority Interest 246.3M 100.7M 99.7M 112.7M --
Common Stock 329.6M 300.6M 288.0M 279.5M --
Capital Stock 329.6M 300.6M 288.0M 279.5M --
Additional Paid In Capital 42.0M 40.5M 30.7M 23.1M --
Retained Earnings -260.1M -209.4M -205.9M -168.1M --
Gains Losses Not Affecting Retained Earnings 7.3M 6.8M 5.3M 5.7M --
Other Equity Adjustments 7.3M 6.8M 5.3M 5.7M --
Common Stock Equity 87.6M 143.3M 131.6M 156.3M --
Stockholders Equity 87.6M 143.3M 131.6M 156.3M --
Total Equity Gross Minority Interest 102.8M 145.5M 133.7M 162.0M --
Minority Interest 15.2M 2.2M 2.1M 5.7M --
Total Capitalization 169.0M 150.8M 144.1M 173.4M --
Net Tangible Assets -41.9M 50.5M 28.1M 10.9M --
Tangible Book Value -41.9M 50.5M 28.1M 10.9M --
Working Capital 37.0M 24.3M 10.5M 4.1M --
Invested Capital 186.7M 177.7M 169.0M 192.5M --
Total Debt 148.9M 74.6M 72.5M 69.9M --
Net Debt 51.2M -- 7.4M 11.0M 11.6M
Share Issued 87.5M 80.8M 75.3M 71.0M --
Ordinary Shares Number 87.5M 80.8M 75.3M 71.0M --
Allowance For Doubtful Accounts Receivable -929,000 -525,000 -536,000 -- --
Buildings And Improvements 4.7M 3.7M 3.6M 2.8M --
Capital Lease Obligations 49.8M 40.2M 35.0M 33.8M --
Current Capital Lease Obligation 9.8M 8.8M 7.2M 7.6M --
Current Deferred Liabilities 8.0M 2.0M 1.4M 641,000 --
Derivative Product Liabilities 17.9M 0.00 -- 0.00 1.7M
Finished Goods 56.3M 28.9M 25.5M 23.4M --
Gross Accounts Receivable 6.5M 3.8M 8.1M -- --
Income Tax Payable 7.2M 1.7M 1.6M 3.2M --
Inventories Adjustments Allowances -366,000 -333,000 -138,000 -527,000 --
Leases 105.9M 86.0M 73.0M 68.9M --
Line Of Credit 16.2M 12.9M 16.1M 16.4M --
Loans Receivable -- -- -- -- 277,000
Machinery Furniture Equipment 7.6M 6.7M 5.8M 4.6M --
Non Current Accounts Receivable 1.3M -- -- -- --
Non Current Deferred Assets -- -- -- -- 0.00
Non Current Deferred Liabilities 7.1M 284,000 1.3M 9.6M --
Non Current Deferred Taxes Assets -- -- -- -- 0.00
Non Current Deferred Taxes Liabilities 7.1M 284,000 1.3M 9.6M --
Non Current Note Receivables -- -- -- 0.00 2.7M
Non Current Prepaid Assets 4.1M 3.6M 3.3M 3.0M --
Notes Receivable -- -- -- 0.00 277,000
Other Current Borrowings 1.5M 14.0M 8.8M 2.7M --
Other Equity Interest -31.3M 4.6M 13.5M 16.2M --
Other Inventories -- -- -- -1,000 --
Other Properties 3.9M 3.9M 3.9M 2.9M --
Properties 0.00 0.00 0.00 0.00 --
Raw Materials 11.4M 775,000 626,000 492,000 --
Taxes Receivable -- -- 102,000 284,000 681,000
Total Tax Payable 14.2M 6.0M 4.1M 11.6M --
Work In Process 6,000 25,000 16,000 56,000 --
Line Item FY 2025Oct 31, 2025 FY 2024Oct 31, 2024 FY 2023Oct 31, 2023 FY 2022Oct 31, 2022 FY 2021Oct 31, 2021
Operating Cash Flow 23.9M 35.5M 20.7M 4.5M --
Cash Flow From Continuing Operating Activities 23.9M 35.5M 20.7M 4.5M --
Depreciation And Amortization 24.3M 25.4M 32.8M 30.2M --
Depreciation Amortization Depletion 24.3M 25.4M 32.8M 30.2M --
Stock Based Compensation 3.9M 3.0M 5.0M 8.1M --
Deferred Tax -25,000 -593,000 -7.6M -2.9M --
Deferred Income Tax -25,000 -593,000 -7.6M -2.9M --
Change In Working Capital -294,000 3.0M -4.9M -4.6M --
Changes In Account Receivables -- -- 627,000 -738,000 -1.6M
Change In Receivables -1.3M 4.3M 627,000 -3.7M --
Change In Inventory -5.8M -3.3M -2.9M -2.9M --
Change In Payables And Accrued Expense 2.5M 2.3M -5.3M 1.2M --
Change In Other Working Capital 6.0M 424,000 720,000 641,000 --
Other Non Cash Items -315,000 4.3M 4.7M 4.9M --
Capital Expenditure -10.6M -9.8M -6.1M -9.1M --
Purchase Of PPE -10.4M -9.0M -5.8M -7.8M --
Net PPE Purchase And Sale -10.4M -9.0M -5.8M -7.8M --
Purchase Of Investment -- -660,000 -- 0.00 -507,000
Sale Of Investment 648,000 -- 95,000 0.00 0.00
Net Investment Purchase And Sale 648,000 -660,000 95,000 0.00 --
Investing Cash Flow -22.3M -11.0M -5.7M -8.6M --
Cash Flow From Continuing Investing Activities -22.3M -11.0M -5.7M -8.6M --
Issuance Of Debt 29.2M 8.7M 2.7M 25.8M --
Repayment Of Debt -27.9M -19.6M -14.0M -29.6M --
Net Issuance Payments Of Debt 1.3M -10.9M -11.4M -3.8M --
Issuance Of Capital Stock 52,000 3.2M 2.4M 19.5M --
Net Common Stock Issuance 52,000 3.2M 2.4M 19.5M --
Financing Cash Flow 202,000 -7.7M -9.3M 15.2M --
Cash Flow From Continuing Financing Activities 202,000 -7.7M -9.3M 15.2M --
Effect Of Exchange Rate Changes -1.2M 333,000 -646,000 0.00 --
Changes In Cash 1.8M 16.8M 5.7M 11.1M --
Beginning Cash Position 47.3M 30.1M 25.1M 14.0M --
End Cash Position 47.9M 47.3M 30.1M 25.1M --
Free Cash Flow 13.2M 25.8M 14.6M -4.6M --
Income Tax Paid Supplemental Data 329,000 638,000 -- -- --
Interest Paid Supplemental Data 7.4M 6.4M -- -- --
Asset Impairment Charge 23.6M 5.1M 34.3M 48.7M --
Cash Dividends Paid -- -- -- 0.00 0.00
Change In Prepaid Assets -1.7M -628,000 2.0M 149,000 --
Common Stock Issuance 52,000 3.2M 2.4M 19.5M --
Gain Loss On Investment Securities 23.6M -1.5M -1.9M -10.5M --
Gain Loss On Sale Of PPE -- -- -- 0.00 -3.3M
Interest Paid Cff -- -- -- -1.9M -2.5M
Long Term Debt Issuance 29.2M 8.7M 0.00 25.8M --
Long Term Debt Payments -27.9M -16.1M -11.1M -27.7M --
Net Business Purchase And Sale -12.3M -600,000 270,000 463,000 --
Net Foreign Currency Exchange Gain Loss 554,000 24,000 -134,000 310,000 --
Net Income From Continuing Operations -51.4M -3.8M -41.0M -70.8M --
Net Intangibles Purchase And Sale -209,000 -703,000 -295,000 -1.3M --
Net Long Term Debt Issuance 1.3M -7.4M -11.1M -1.9M --
Net Other Financing Charges -1.7M -297,000 -489,000 -2.9M --
Net Other Investing Changes -- -- -- -- 2.5M
Net Short Term Debt Issuance 0.00 -3.5M -252,000 -1.9M --
Operating Gains Losses 24.1M -1.0M -2.6M -9.4M --
Proceeds From Stock Option Exercised 576,000 337,000 161,000 2.4M --
Purchase Of Intangibles -209,000 -703,000 -295,000 -1.3M --
Short Term Debt Issuance -- 0.00 2.7M 0.00 980,000
Short Term Debt Payments 0.00 -3.5M -2.9M -1.9M --
Unrealized Gain Loss On Investment Securities 0.00 89,000 -40,000 489,000 --
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