High Tide Inc.
High Tide Inc. (NASDAQ: HITI) is trading at $2.80, about ₹269 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 0.36% today. Indian residents can buy High Tide from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$2.77
Today's high
$2.83
52 week low
$2.02
52 week high
$3.80
HITI opened at $2.77, closed previously at $2.81, and has traded between $2.02 and $3.80 over the past 52 weeks.
About
High Tide Inc. primarily operates as a prominent cannabis retailer with a significant presence across Canada, Europe, the United States, and other international markets. Beyond its retail footprint, the company is actively involved in the design, manufacturing, and distribution of smoking accessories and a variety of cannabis lifestyle products. Its operations encompass both the wholesale and direct-to-consumer retailing of cannabis goods, achieved through both company-operated and franchised licensed retail outlets. Diversifying its revenue streams, High Tide Inc. also provides specialized data analytics services and manages two key e-commerce platforms: Grasscity.com and CBDcity.com. As of August 4, 2022, the company managed an extensive network of 139 retail locations spanning Canadian provinces including Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. Established in 2009 and headquartered in Calgary, Canada, the entity initially operated as High Tide Ventures Inc. before formally adopting its current name, High Tide Inc., in October 2018.
Key statistics
Avg. volume
650.05K
Market cap
$246.04M
P/E Ratio
-10.52
Price-to-sales ratio
0.49
Enterprise value
CA$458.88M
Free cash flow yield
3.69%
Debt-to-equity ratio
1.17
Return on equity
-57.92%
ROIC
-5.22%
Beta
1.08
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
CA$593.99M
Earnings per share
-CA$0.62
Free cash flow
CA$13.22M
Net profit margin
-4.63%
Gross margin
13.90%
EBITDA
-CA$13.74M
Revenue growth
13.72%
Similar securities
This is not an investment recommendation
How to buy High Tide from India
Indian residents can buy High Tide shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for High Tide and place an order
Find High Tide by name or by its ticker, HITI, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. High Tide trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your High Tide position in USD and INR. High Tide pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in High Tide from India
Trading and taxes when buying High Tide from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneHigh Tide does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy High Tide stock?
Yes. High Tide (HITI) has been listed on NASDAQ since 2021, in the Medical - Pharmaceuticals industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one High Tide share cost in rupees?
One High Tide share is $2.80 — about ₹269 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the High Tide price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying High Tide from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of High Tide?
Yes. One High Tide share is $2.80, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in High Tide.
How are gains on High Tide shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the High Tide price. Paasa issues a capital-gains statement for your return.
Does High Tide pay a dividend?
No. High Tide does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade High Tide from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is High Tide a United States company, and does that change how it is taxed?
High Tide trades on NASDAQ in US dollars, but the company is domiciled in Canada. High Tide trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare High Tide shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your High Tide holding, its cost and its closing value.
How do I sell High Tide and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.