High Tide Inc. (HITI)
| Market Cap | 243.06M |
| Revenue (ttm) | 370.02M |
| Net Income (ttm) | -22.03M |
| Shares Out | 80.68M |
| EPS (ttm) | -0.28 |
| PE Ratio | n/a |
| Forward PE | 229.07 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 458,211 |
| Open | 2.900 |
| Previous Close | 2.940 |
| Day's Range | 2.900 - 3.070 |
| 52-Week Range | 1.550 - 3.620 |
| Beta | 1.00 |
| Analysts | Strong Buy |
| Price Target | 4.50 (+49.5%) |
| Earnings Date | Jan 27, 2025 |
About HITI
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories. Further, it sells its products through online sales via e-commerce platform. The company offers its products under the Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, and Blessed CBD brands. The company was fo... [Read more]
Financial Performance
In 2023, High Tide's revenue was 487.67 million, an increase of 36.66% compared to the previous year's 356.85 million. Losses were -39.31 million, -45.22% less than in 2022.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to one analyst, the rating for HITI stock is "Strong Buy" and the 12-month stock price forecast is $4.5.
News
High Tide to Open Two New Canna Cabana Stores in Alberta and Ontario
The Company Will End 2024 Having Opened 29 New Stores Across Canada CALGARY, AB , Dec. 18, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), th...
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High Tide to Open 75th Canna Cabana in Ontario
CALGARY, AB , Dec. 11, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world...
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NASDAQ-Listed High Tide Under The Magnifying Glass: Key Insights For Cannabis Investors
We've been offering some mid-term analysis for main cannabis stocks and now it's High Tide's HITI turn. The occasion couldn't be better, since the stock recently surged 21% in the previous rounds.
High Tide: Strategic Expansions Drive Impressive Growth While Remaining Undervalued
I am bullish on High Tide due to its strategic expansions, particularly in Canada, which have driven significant revenue growth. HITI's impressive expansion included opening 23 new stores by July 2024...
High Tide: Cabana Club Goes Global
High Tide announced the global expansion of Cabana Club with CBD, accessory, and snack sales into the US, EU, and UK markets. The immediate earnings potential is limited, but the strategic potential o...
NASDAQ-Listed Weed Stock, High Tides Surges Over 21% In Last Two Sessions
Data from Benzinga Pro shows High Tide Inc. HITI shares experienced a significant surge, gaining over 21% in the last two trading sessions, closing at $3.47 on Monday, December 2.
High Tide Marks Cyber Monday by Taking Cabana Club Global
The Company Simplifies and Unites its Retail Ecosystem Under the Cabana Club Banner. Cabana Club Expands Coverage Beyond Canada to Cover the Entire United States, European Union, and United Kingdom.
High Tide Opens Second Canna Cabana in Scarborough, Ontario
CALGARY, AB , Nov. 25, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world...
High Tide to Open Third Canna Cabana in Hamilton, Ontario
CALGARY, AB , Nov. 18, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world...
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High Tide Announces Closing of Final Tranche of $15 Million Subordinated Debt Facility
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023 . ...
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High Tide to Open First Canna Cabana in Kingston, Ontario
CALGARY, AB , Oct. 24, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world...
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High Tide to Open 185th Canna Cabana Location
CALGARY, AB , Oct. 10, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world...
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High Tide Opens New Canna Cabana in Toronto
This Opening Represents the 70th Canna Cabana Location in Ontario CALGARY, AB , Oct. 7, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the h...
High Tide: Way Undervalued Versus Peers Despite Smoking The Competition
High Tide is far outperforming its cannabis industry peers with rapid revenue growth, profitability, and a strong balance sheet, yet trades at a discount. Most peers are losing money and have a negati...
High Tide Makes the Report on Business Annual Ranking of Canada's Top Growing Companies for Fourth Consecutive Year
The Company Placed 87th out of 417 Companies, With a Three-Year Growth Rate of 486% CALGARY, AB , Sept. 26, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI...
High Tide Q3: Incredible Sales Momentum, Weaker Gross Margin (Rating Upgrade)
High Tide's Q3 showed great sales growth amid slower industry growth, as the Canna Cabana chain continues gaining market share. The gross margin contracted sequentially, being a cost of the rapid sale...
High Tide Inc. (HITI) Q3 2024 Earnings Call Transcript
High Tide Inc. (NASDAQ:HITI) Q3 2024 Earnings Conference Call September 17, 2024 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and CEO Mayank ...
High Tide Reports Third Quarter 2024 Financial Results Featuring Record Revenue of $131.7 Million, and 2nd Consecutive Quarter of Positive Net Income
The Company Also Reports 5th Consecutive Quarter of Positive Free Cash Flow With Trailing Free Cash Flow Totaling $21.8 Million and Achieves 12% Market Share in the Provinces where it Operates 1 , Up ...