High Tide Inc.

NasdaqCM:HITI Stock Report

Market Cap: US$222.0m

High Tide Management

Management criteria checks 2/4

High Tide's CEO is Raj Grover, appointed in Feb 2018, has a tenure of 7.92 years. total yearly compensation is CA$3.21M, comprised of 23.4% salary and 76.6% bonuses, including company stock and options. directly owns 7.6% of the company’s shares, worth $16.86M. The average tenure of the management team and the board of directors is 5 years and 7.3 years respectively.

Key information

Raj Grover

Chief executive officer

CA$3.2m

Total compensation

CEO salary percentage23.35%
CEO tenure7.9yrs
CEO ownership7.6%
Management average tenure5yrs
Board average tenure7.3yrs

Recent management updates

Recent updates

High Tide: Betting It All On Canna Cabana

Jun 18

High Tide Remains Undervalued As It Reports Record Q1 2025 Revenue

Mar 27

High Tide Has A Killer Business Model

Mar 03

High Tide: Strategic Expansions Drive Impressive Growth While Remaining Undervalued

Dec 03

High Tide: Higher Margins Are Now The Base Scenario

Jun 14

High Tide's NuLeaf Naturals multicannabinoid products available for sale in Ontario

Oct 18

High Tide to acquire Jimmy's Cannabis Shop BC for $5.3M

Sep 29

High Tide GAAP EPS of -C$0.05, revenue of C$95.35M

Sep 14

High Tide gets access to C$19M credit facility

Aug 18

High Tide undertakes control of Three Kushbar locations in Alberta

Jul 28

High Tide to raise C$10M in equity offering

Jul 19

High tide opens first canna cabana store in British Columbia

Jul 13

High Tide to acquire 9 retail cannabis stores from Choom for C$5.1M

Jul 07

High Tide opens new Canna Cabana store in Sherwood Park

Jun 30

'We Don't Need Legalization' - High Tide CEO Raj Grover

May 19

CEO Compensation Analysis

How has Raj Grover's remuneration changed compared to High Tide's earnings?
DateTotal CompensationSalaryCompany Earnings
Jul 31 2025n/an/a

-CA$10m

Apr 30 2025n/an/a

-CA$10m

Jan 31 2025n/an/a

-CA$7m

Oct 31 2024CA$3mCA$750k

-CA$4m

Jul 31 2024n/an/a

-CA$30m

Apr 30 2024n/an/a

-CA$34m

Jan 31 2024n/an/a

-CA$36m

Oct 31 2023CA$2mCA$550k

-CA$39m

Jul 31 2023n/an/a

-CA$62m

Apr 30 2023n/an/a

-CA$61m

Jan 31 2023n/an/a

-CA$68m

Oct 31 2022CA$751kCA$450k

-CA$72m

Jul 31 2022n/an/a

-CA$22m

Apr 30 2022n/an/a

-CA$21m

Jan 31 2022n/an/a

-CA$25m

Oct 31 2021CA$2mCA$330k

-CA$34m

Jul 31 2021n/an/a

-CA$32m

Apr 30 2021n/an/a

-CA$27m

Jan 31 2021n/an/a

-CA$19m

Oct 31 2020CA$521kCA$311k

-CA$6m

Jul 31 2020n/an/a

-CA$20m

Apr 30 2020n/an/a

-CA$28m

Jan 31 2020n/an/a

-CA$26m

Oct 31 2019CA$699kCA$284k

-CA$26m

Compensation vs Market: Raj's total compensation ($USD2.34M) is above average for companies of similar size in the US market ($USD1.44M).

Compensation vs Earnings: Raj's compensation has increased whilst the company is unprofitable.

CEO

Raj Grover (43 yo)

7.9yrs
Tenure
CA$3,211,448
Compensation

Mr. Harkirat Grover also known as Raj, is Founder, Chief Executive Officer, President of High Tide Inc. since February 08, 2018 and serves as its Director since February 08, 2018 and serves as Executive Ch...

Leadership Team

NamePositionTenureCompensationOwnership
Harkirat Grover
Founder7.9yrsCA$3.21m7.6%
$ 16.9m
Mayank Mahajan
Chief Financial Officer1.7yrsCA$552.38k0.028%
$ 61.7k
Aman Sood
Chief Operating Officer4.8yrsCA$502.61k0.092%
$ 203.2k
Omar Khan
Chief Communications & Public Affairs Officer5yrsCA$387.11k0.033%
$ 72.1k
Andreas-Alexander Palalas
Chief Marketing Officer2.2yrsCA$381.37k0.088%
$ 195.0k
Joy Avzar
Senior Vice President of Legal & Compliance5.2yrsCA$253.00k0.014%
$ 31.3k
Sandy Sharma
Vice President of Human Resourcesno datano data0.0048%
$ 10.6k
Shimshon Posen
Secretary & Treasurer7.1yrsno datano data
Krystal Dafoe
Director of Corporate Governanceno datano datano data
Carter Brownlee
Communications & Public Affairs Advisorno datano datano data
5.0yrs
Average Tenure
38yo
Average Age

Experienced Management: HITI's management team is seasoned and experienced (5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Harkirat Grover
Founder7.9yrsCA$3.21m7.6%
$ 16.9m
Arthur Kwan
Independent Director7.4yrsCA$228.83k0.33%
$ 722.9k
Nitin Kaushal
Independent Director7.3yrsCA$257.19k0.27%
$ 608.5k
Andrea Elliott
Independent Director5yrsCA$245.48k0.18%
$ 391.1k
Christian Sinclair
Independent Director5.2yrsCA$223.83k0.15%
$ 333.6k
7.3yrs
Average Tenure
53yo
Average Age

Experienced Board: HITI's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/26 16:44
End of Day Share Price 2026/01/23 00:00
Earnings2025/07/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

High Tide Inc. is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David KideckelATB Capital Markets
Frederico Yokota Choucair GomesATB Capital Markets
Doug CooperBeacon Securities Limited