Cannabis retailer and e-commerce platform operator High Tide reported record sales of 487.7 million Canadian dollars ($362 million) for its 2023 fiscal year ended October and reiterated expansion plans in Canada and overseas.
In a Monday news release announcing its financial results, the Alberta-based business reported a net loss of CA$41 million on the year, a 42% improvement over 2022’s net loss of CA$71 million.
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High Tide said it remained the largest non-franchised marijuana retailer in Canada, with 163 store locations and 4.9 million total customers across Canada, the United States and Europe.
“While we remain focused on our core Canadian business, like any forward-thinking company, we are always looking at what opportunities may exist to expand our Canna Cabana brand internationally,” CEO
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