Business
High Tide Reports Record Quarterly Distribution of 7.6 Tonnes of Medical Cannabis Through Remexian Pharma GmbH, Accelerating German Market Leadership
High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today preliminary tonnage data from its 51%-owned German subsidiary, Remexian Pharma GmbH ("Remexian"), for the second fiscal quarter ended April 30, 2026.
About this update from High Tide, Inc.
[{"type":"text","content":"CALGARY, AB, May 6, 2026 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today preliminary tonnage data from its 51%-owned German subsidiary, Remexian Pharma GmbH ("Remexian"), for the second fiscal quarter ended April 30, 2026.","length":428,"tagName":"p"},{"type":"text","content":"During the quarter, Remexian sold 7.6 tonnes of medical cannabis into the German market, representing the highest quarterly distribution volume in its history. Volumes increased 21% on a sequential basis and 49% year over year.","length":227,"tagName":"p"},{"type":"text","content":""Distributing 7.6 tonnes in a single quarter is not just a record for Remexian—it is clear evidence that our model is scaling in the largest medical cannabis market in Europe. What we are seeing now is the direct result of pairing a leading German distribution platform with High Tide's unparalleled procurement capabilities built over $2.2 billion of legal cannabis sales in Canada," said Raj Grover, Founder and Chief Executive Officer of High Tide.","length":465,"tagName":"p"},{"type":"text","content":""This level of sequential and year-over-year growth reinforces our conviction that Germany is only the beginning. We are building a repeatable, capital-efficient distribution engine that can be expanded across Europe, subject to regulatory conditions. We fully intend to leverage this momentum to continue taking share in Germany while methodically entering additional high-growth markets," added Mr. Grover.","length":418,"tagName":"p"},{"type":"image","alt":"High Tide Inc., May 6, 2026. (CNW Group/High Tide Inc.)","displaySize":"","headline":null,"caption":"High Tide Inc., May 6, 2026. (CNW Group/High Tide Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":188,"url":"https://media.zenfs.com/en/prnewswire.com/02ff7db7e0486895a716f3c96eaeebe6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EXIKOzvAfKYUkeRkUgIgCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMzMQ--/https://media.zenfs.com/en/prnewswire.com/02ff7db7e0486895a716f3c96eaeebe6","width":400,"height":188}},"href":"https://mma.prnewswire.com/media/2973537/High_Tide_I...