Useful $FPC interview covering Horne 5 economics, permitting progress, and next steps.
Would you watch the permit, funding plan, or partner potential first?
Disclaimer: Not financial advice. Do your own DD.
RTX 2025 geographic revenue:
- China: 6% (largest)
- Germany: 4%
- UK: 3%
- Japan: 3%
- Canada: 2%
- Other: 6%
Concentration risk rated low.
Full data: metricshour.com/stocks/rtx
How exposed do you see major defense names to single countries?
HydroGraph Clean Power Inc. is a Canadian advanced materials company producing high-purity synthetic fractal graphene for industrial and commercial applications.
Instead of relying on mined graphite, HydroGraph uses a patented blast synthesis process to convert carbon from hydrocarbon gases into graphene inside its Hyperion reactors. The company has reported 99.8% carbon purity for its FGA-1 graphene.
HydroGraph’s Hyperion reactors are small modular production units with a footprint of less than 3 metres by 3 metres. Rather than relying on one large centralized facility, HydroGraph can add more reactors as customer demand grows, allowing production capacity to increase while maintaining consistency from batch to batch.
Graphene is a carbon-based advanced material made from carbon atoms connected by strong sp² bonds. This structure helps give graphene its strength, conductivity, barrier properties, and the ability to improve other materials even when added in small amounts.
Traditional graphene is often described as a flat, sheet-like material. HydroGraph produces synthetic fractal graphene with a turbostratic structure, meaning the graphene layers are randomly stacked rather than perfectly aligned. This more complex, interconnected structure gives it higher surface area and more contact points with the materials it is added to. This can help improve dispersion, reinforcement, conductivity, corrosion resistance, and barrier performance across industrial and commercial applications.
HydroGraph is targeting markets where adding small amounts of graphene can improve material performance, including:
On April 14th, 2026, HydroGraph announced the opening of its new headquarters in Austin, Texas. The facility expands HydroGraph’s R&D and production capabilities and will support future graphene production in Texas.
Earlier in January 2026, HydroGraph announced construction of two additional Hyperion reactors. Each reactor is expected to have annual production capacity of approximately 10 tons of FGA-1 ultra-pure fractal graphene. The reactors were planned for initial commissioning in Manhattan, Kansas before being relocated to HydroGraph’s U.S. facilities in Austin, Texas.
HydroGraph has also signed a letter of intent with an industrial gas supplier to secure long-term access to high-purity acetylene. Acetylene is a key feedstock in HydroGraph’s blast synthesis process and would support the company’s planned graphene production facility in Texas. The planned facility is expected to include 15 next-generation Hyperion reactors and have annual production capacity of over 350 metric tons of graphene.
HydroGraph is building partnerships that support customer testing, application development, and commercial adoption of its fractal graphene in polymers, coatings, and specialty compounds.
HydroGraph now has patented graphene production technology, regulatory clearance across the U.S., U.K., and EU, and a modular production system designed to scale with customer demand.
These approvals remove a major regulatory barrier as HydroGraph expands its U.S. production footprint and advances its fractal graphene from customer testing toward commercial use across multiple industrial markets.
Join the Canadian Hidden Gems Discord community: https://discord.gg/ByfkKfHrv
SUMMARY :
Despite the seasonally weaker quarter, it was the company's best quarter, which speaks volumes about HITI's increased operating efficiency.
Gms on medical cannabis 27%
If I had to identify nine most bullish developments from the quarter, they would be:
Together, these results suggest that High Tide is evolving from a pure growth story into a profitable growth company, a transition that investors often reward with higher valuation multiples over time.
HITI is becoming the definition of non-stop execution and deserves more credit for this. Remexian's goal is clear: gain more market share to satisfy this insatiable and ever-growing demand, in order to reach 20-30% market share in the long term and then achieve pricing determination with a consequent increase in GMS and profitability.
Still think HITI is vastly undiscovered.
Despite an increase in CAPEX linked to the expansion, the company continues to generate FCF+ and expects to increase net income thanks to ongoing synergies.
Raj is carefully evaluating expansion into another jurisdiction (UK), choosing the right partner for the long term.
This looks more like short-term noise than a deterioration in fundamentals. Remexian’s expansion in Germany and the economies of scale enjoyed by Canna Cabana represent genuine, differentiating competitive advantages. As long as management continues to pursue its market share targets and secure future pricing power, the valuation gap should gradually narrow. Investing in HITI will certainly be volatile, but the current fundamentals are much healthier than the stock price suggests. What's needed is patience and faith in the story.
The UK is the European market that excites him the most.
The UK medical market appears more interesting than the German one because High Tide could own the entire chain (from production directly to the patient). This is the medical system in which it is structured, which makes it exciting and unique in some respects.
I might be biased because HITI is my largest position by a wide margin, but that’s not why I’m saying this. Execution here has simply been exceptional. The numbers speak for themselves, the customer wins speak for themselves, and the pace of announcements speaks for itself.
Canaccord Genuity → Buy, Target $US 5.50
Haywood → Buy, Target $US 5.90
Roth → Buy, target $US 5.00
TD Cowen → Buy, target $6.5 CAD
ATB CAPITAL Target 7$CAD
company presentation
https://hightideinc.com/presentation/
Long term
