We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. High Tide Inc. stands seventh on our list.

High Tide Inc. (NASDAQ:HITI), a leading Canadian cannabis retailer, is rapidly expanding its footprint through strategic financing and aggressive store growth. Operating under the Canna Cabana brand, the company now has 202 stores across Canada, including recent openings in Winnipeg and Toronto, and aims to exceed 300 locations nationwide. The corporation also runs a robust e-commerce platform, wholesale operations, and manufactures cannabis accessories, making it a vertically integrated player in the space.

In July 2025, High Tide Inc. (NASDAQ:HITI) secured $30 million in convertible debt financing from Cronos Group Inc., a major licensed cannabis producer. The funds, designated entirely for expansion, come with a 4% interest rate and are convertible at $4.20 per share. Cronos also received warrants at $3.91 per share, signaling strong confidence in the company’s growth strategy. This capital infusion supports both acquisitions and organic expansion, reinforcing the business’s retail-forward model.High Tide Inc. (HITI) Secures $30M from Cronos to Fuel Global Expansion

A modern cannabis retail store with a wide selection of products and vaporizers.

The company’s Cabana Club loyalty program recently surpassed 2 million members, highlighting strong customer engagement and market leadership. Analysts also report that High Tide Inc. (NASDAQ:HITI) is finalizing due diligence for a potential acquisition in Germany, which is an important step in its international expansion plans. While competitors scale back, the company is capitalizing on low-cost opportunities abroad, complementing its strong Canadian base.

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