Is High Tide Inc. (HITI) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 68.4% / 30% | 22.0% / 30% | 2.6% / 30% | 9.0% / 5% | ✗ NOT HALAL |
| DJIM | 68.4% / 33% | 22.0% / 33% | 2.6% / 33% | 9.0% / 5% | ✗ NOT HALAL |
| MSCI | 42.7% / 33% | 13.7% / 33% | 1.6% / 33% | 9.0% / 5% | ✗ NOT HALAL |
| S&P | 68.4% / 33% | 22.0% / 33% | 2.6% / 33% | 9.0% / 5% | ✗ NOT HALAL |
| FTSE | 42.7% / 33% | 13.7% / 33% | 1.6% / 50% | 9.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.8% | |
| Operating Margin | 2.3% | |
| Net Margin | -7.4% | |
| Return on Equity (ROE) | -39.7% | |
| Return on Assets (ROA) | 3.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $24M |
| Free Cash Flow | $13M |
| Total Debt | $149M |
| Debt-to-Equity | 110.3 |
| Current Ratio | 1.4 |
| Total Assets | $349M |
Price & Trading
| Last Close | $2.31 |
| 50-Day MA | $2.42 |
| 200-Day MA | $2.75 |
| Avg Volume | 470K |
| Beta | 1.0 |
|
52-Week Range
$1.64
| |
About High Tide Inc. (HITI)
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Bricks and Mortar, E-commerce, and Medical Cannabis Distribution segments. It manufactures and distributes consumption accessories; cannabis; and hemp derived products. The company also engages in data analytics; advertising; product sourcing and imports; event-based cannabis retail; medical cannabis distribution; accessories retail; and other related services. It provides its products under the Daily High Club, DankStop, FAB CBD, GC, Nuleaf Naturals, Smoke Cartel, Blessed CBD, Fastendr, Famous Brandz, Queen of Bud, Canna Cabana, Grasscity, Daily High Club, and Valiant Distribution brands. The company sells its products through a network of retail stores, e-commerce platforms, and the wholesale distribution arm. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. The company was founded in 2009 and is headquartered in Calgary, Canada.
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Frequently Asked Questions
Is High Tide Inc. (HITI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), High Tide Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is High Tide Inc.'s debt ratio?
High Tide Inc.'s debt ratio is 68.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 42.7%.
What are High Tide Inc.'s key financial metrics?
High Tide Inc. has a market capitalization of $199M, and revenue of $594M. The company maintains a gross margin of 25.8% and a net margin of -7.4%. Return on equity stands at -39.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.