When High on Life was released in December 2022, it broke several Game Pass records, including being the largest new release of the year and the third-largest launch in any game's history.
Because of that, its members are adamant that the studio, which was co-founded by Rick and Morty co-creator and actor Justin Roiland, will follow it up with a sequel.
Based on its initial launch success, recent events concerning Roiland have put some doubt on a follow-up. He was charged with domestic abuse, to which he pleaded not guilty, and has since been removed from Rick and Morty and Squanch Games.
So it's not entirely out of the question to continue developing games while supporting High on Life without him, although it seems less likely. In addition, Squanch Games has released four titles in its six-year history—High on Life, Trover Saves the Universe, Dr. Splorchy Presents: Space Heroes, and Accounting—all of which have had sequels, suggesting they prefer making new games.
This might be an exception given how successful High on Life has been. Only time will tell if it does, and if it does, it will be for a while.