High Tide Inc. (HITI)
| Market Cap | 213.72M |
| Revenue (ttm) | 370.02M |
| Net Income (ttm) | -22.03M |
| Shares Out | 80.68M |
| EPS (ttm) | -0.28 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 680,444 |
| Open | 2.650 |
| Previous Close | 2.670 |
| Day's Range | 2.640 - 2.790 |
| 52-Week Range | 1.360 - 3.120 |
| Beta | 1.00 |
| Analysts | Strong Buy |
| Price Target | 4.50 (+69.17%) |
| Earnings Date | Sep 16, 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 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 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...
3 Marijuana Stocks To Weather The Storm In The Cannabis Sector
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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 ...
High Tide Announces Launch of Queen of Bud Branded White Label Products in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario
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 . ...
High Tide Announces Joint Venture with Positive Intent Events to Bring Legal Cannabis to the World of Events and Entertainment
New Joint Venture Follows Alberta's Decision to Allow Cannabis Pop-Up Stores at Adults-Only Festivals and Events This news release constitutes a "designated news release" for the purposes of the Compa...
High Tide to Open Canna Cabana in Lucan, Ontario
CALGARY, AB , Sept. 5, 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 Launch Next-Gen Canna Cabana 2.0 Website
CALGARY, AB , Sept. 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...
High Tide: Potential To Be A Giant In The Cannabis Space
High Tide's relentless focus on growth, operational efficiency, and cashflows, similar to Amazon's strategy, positions it as a potential giant in the cannabis industry. High Tide is undervalued amongs...
High Tide to Announce Third Fiscal Quarter 2024 Financial Results
High Tide Continues to Grow its Presence in Mississauga with the Opening of its Seventh Canna Cabana in Ontario's Third Largest City CALGARY, AB , Aug. 22, 2024 /PRNewswire/ - High Tide Inc. ("High Ti...
High Tide Surpasses 1.5 Million Cabana Club Members
The Company Also Announces the Opening of a New Canna Cabana Store in Belleville, Ontario CALGARY, AB , Aug. 8, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: ...
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High Tide Announces Closing of $15 Million in 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 . ...
High Tide Opens Four New Canna Cabana Stores in Alberta and Ontario
Canna Cabana Reaches 180 Total Stores Canada Wide, Including 65 in the Province of Ontario CALGARY, AB , July 31, 2024 /PRNewswire/ – High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV...