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Midas Edge

High Tide Inc.

For the period ended Jul 31, 2026. Filed Sep 14, 2026.

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About this filing

What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.

Jul 31, 2026 · Filed Sep 14, 2026

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HITI$2.630.0%Stored close · as of Nov 6, 2026
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Contents

EX-99.1 · (a) Operating segment

(a) Operating segment

Bricks-and-mortarBricks-and-mortarMedical cannabis distributionMedical cannabis distributionTotalTotal
For the three months ended July 31,202620252026202520262025
$$$$$$
Total revenue160,589149,69038,229—198,818149,690
Gross profit (loss)42,73440,09110,012—52,74640,091
Income (loss) from operations6,3623,7392,348—8,7103,739
Bricks-and-mortarBricks-and-mortarMedical cannabis distributionMedical cannabis distributionTotalTotal
For the nine months ended July 31,202620252026202520262025
$$$$$$
Total Revenue461,596429,95594,847—556,443429,955
Gross profit (loss)125,519111,00220,027—145,546111,002
Income (loss) from operations17,3324,738(154)—17,1784,738
Bricks-and-mortarBricks-and-mortarMedical cannabis distributionMedical cannabis distributionTotalTotal
As at July 31, 2026 and October 31, 2025202620252026202520262025
$$$$$$
Current assets90,77692,02855,23544,857146,011136,885
Non-current assets162,631146,62660,70765,551223,338212,177
Current liabilities49,95058,99047,61940,92997,56999,919
Non-current liabilities127,786136,09824,06510,258151,851146,356

Corporate overhead is allocated to the bricks-and-mortar and medical cannabis distribution segments (refer to note 6) based on each segment’s percentage of revenue. For thenine months ended July 31, 2026, allocations were 83% (July 31, 2025: 100%) to the bricks-and-mortar segment and 17% (July 31, 2025: nil) to the medical cannabis distribution segment.

High Tide Inc.

Notes to the Condensed Interim Consolidated Financial Statements

For the three months and nine months ended July 31, 2026 and 2025

(Stated — In thousands of Canadian dollars, except share and per share amounts)

b) Geographical markets

CanadaCanadaUSAUSAInternationalInternationalTotalTotal
For the three months ended July 31,20262025202620252026202520262025
$$$$$$$$
Total revenue157,389145,7923,0173,74638,412152198,818149,690
Gross profit (loss)41,92338,8888081,14610,0155752,74640,091
Income (loss) from operations6,6686,478(1,631)(2,563)3,673(176)8,7103,739
CanadaCanadaUSAUSAInternationalInternationalTotalTotal
For the nine months ended July 31,20262025202620252026202520262025
$$$$$$$$
Total revenue451,410414,5979,70914,74695,324612556,443429,955
Gross profit (loss)122,842106,1622,5674,60220,137238145,546111,002
Income (loss) from operations18,62311,953(4,654)(6,520)3,209(695)17,1784,738
CanadaCanadaUSAUSAInternationalInternationalTotalTotal
As at July 31, 2026 and October 31, 202520262025202620252026202520262025
$$$$$$$$
Current assets86,89684,4426,0726,82453,04345,619146,011136,885
Non-current assets158,800143,6042,5232,58762,01565,986223,338212,177
Current liabilities47,58655,7633,6832,83246,30041,32497,56999,919
Non-current liabilities140,892134,9181,9721,5098,9879,929151,851146,356

Corporate overhead is included in the geographical market in which it was incurred.

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