High Tide Inc. (HITI)
| Market Cap | 171.35M |
| Revenue (ttm) | 503.78M |
| Net Income (ttm) | -34.02M |
| Shares Out | 80.45M |
| EPS (ttm) | -0.45 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 638,154 |
| Open | 2.180 |
| Previous Close | 2.150 |
| Day's Range | 2.000 - 2.200 |
| 52-Week Range | 1.140 - 2.850 |
| Beta | 1.06 |
| Analysts | Strong Buy |
| Price Target | 4.50 (+111.27%) |
| Earnings Date | Jun 13, 2024 |
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 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 Opens Two New Canna Cabana Stores in Alberta and Saskatchewan
CALGARY, AB , June 28, 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 Acquire Mississauga Retail Cannabis Store
The Company Maintains its Market Leadership Positi on in Mississauga with its Sixth Location in the City CALGARY, AB , June 26, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasda...
High Tide Resources Announces Changes to the Board of Directors
Adds Significant Capital Markets Strength TORONTO, ON / ACCESSWIRE / June 25, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) announces the appointment of Jean-François Meil...
High Tide to Open 80th Canna Cabana in Alberta
CALGARY, AB , June 20, 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 Reports $34.5M Cash Position, Sells 1,400 Shares In Q2, Expands Cannabis Footprint
High Tide Inc. HITI indicators, particularly the sustained positive free cash flow and improvement in net income, suggest a financial recovery and enhanced investment appeal, signaling potential value...
High Tide Reports Second Quarter 2024 Financial Results Featuring Record Free Cash Flow of $9.4 Million and Positive Net Income
The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada, and is the Second Largest Globally by Store Count, with 172 Operating Locations 1 This news release constitutes a "designate...
High Tide Executes Binding Subscription Agreements for $15 Million in Subordinated Debt
Five-Year Debt Financing Provides More Fuel to Continue Growing While Remaining Free Cash Flow Positive This news release constitutes a "designated news release" for the purposes of the Company's pr...
High Tide Welcomes Alberta's Decision to Allow Private Label Cannabis Sales
The Company is Well Positioned to Take Advantage of Private Label Sales, Including Through its Newly Acquired Queen of Bud Brand Across Ontario, Manitoba, Saskatchewan and Alberta CALGARY, AB , June 4...
High Tide to Open First Canna Cabana in Huntsville, Ontario
CALGARY, AB , June 3, 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 Announce Second Fiscal Quarter 2024 Financial Results
CALGARY, AB , May 28, 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 Opens First Canna Cabana in Pickering, Ontario
CALGARY, AB , May 13, 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 Opens Second Canna Cabana in Ajax, Ontario
New Store Represents Canna Cabana's 170th Location Nationwide CALGARY, AB , May 6, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-i...
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High Tide Opens Canna Cabana in Owen Sound, Ontario
New Store Represents Canna Cabana's 60th Location in the Province of Ontario CALGARY, AB , May 2, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2L...
High Tide Announces Appointment of New Chief Financial Officer
CALGARY, AB , May 1, 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 v...
High Tide Welcomes Biden Administration Move to Reschedule Cannabis
CALGARY, AB , April 30, 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-worl...
High Tide Reports Approximately $2 Million in Retail Sales on '4/20'
The Company Reports $1.965 Million in Retail Sales on '4/20' Across All Retail Channels, Representing a 35% Increase Week-Over-Week 1 The Company Also Completed its Annual 4/20 Car Giveaway CALGARY, A...
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High Tide Announces Participation at Upcoming Cannabis Investment and B2B Conferences
CALGARY, AB , April 15, 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 Announces Transition of Chief Financial Officer
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 Fifth Canna Cabana Store in Mississauga, Ontario
Already the Second Largest Cannabis Retailer in North America by Store Count, The Company Now Becomes the Largest Cannabis Retailer in Canada's Fastest Growing City CALGARY, AB , April 4, 2024 /PRNews...
High Tide Welcomes Start of German Cannabis Legalization
Second Largest Cannabis Retailer in North America by Store Count Well Positioned to Enter German Market Once Regional Pilot Programs Commence CALGARY, AB , April 1, 2024 /PRNewswire/ - High Tide Inc. ...