9 High Growth Canadian Stocks to Buy

1. High Tide Inc. (NASDAQ:HITI)

5-year Revenue Growth: 74.74%

Number of Hedge Fund Holders: 10

High Tide Inc. (NASDAQ:HITI), founded in 2009, is Canada’s largest cannabis retailer and the country’s highest revenue-generating cannabis company, with an annualized revenue run rate of approximately $600 million.

In mid-December, High Tide Inc. (NASDAQ:HITI) also began positioning itself for potential U.S. expansion as the White House moved toward rescheduling cannabis and announced plans to test Medicare coverage for CBD products. Management has indicated it is exploring licensing the Canna Cabana brand in the United States and developing CBD offerings aligned with Medicare frameworks, which could provide an early pathway into the world’s largest cannabis-related market without immediate exposure to full federal legalization risks. To support this next phase of growth, the company reengaged an investor relations firm to strengthen market communications as it targets expanded opportunities across cannabis and CBD in both domestic and international markets.

The company further strengthened its leadership as Canada’s largest cannabis retailer by expanding its Canna Cabana footprint to 218 stores, deepening both its national market share and its rapidly growing loyalty base. This scale has helped propel the company to a $600 million annualized revenue run rate while supporting improved profitability, highlighting the operating leverage embedded in its retail-first, membership-driven model. At the same time, High Tide Inc. (NASDAQ:HITI) took a meaningful step toward international diversification by entering Germany’s medical cannabis market, signaling ambitions that extend well beyond its Canadian core.

While we acknowledge the potential of HITI to be a high growth stock, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HITI and that has 100x upside potential, check out our report about this cheapest AI stock.

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