High Tide Inc. (HITI)

NASDAQ: HITI · IEX Real-Time Price · USD
2.240
+0.010 (0.45%)
At close: Apr 17, 2024, 4:00 PM
2.220
-0.020 (-0.89%)
After-hours: Apr 17, 2024, 7:24 PM EDT
0.45%
Market Cap 168.67M
Revenue (ttm) 497.66M
Net Income (ttm) -35.54M
Shares Out 75.30M
EPS (ttm) -0.47
PE Ratio n/a
Forward PE 250.00
Dividend n/a
Ex-Dividend Date n/a
Volume 914,221
Open 2.220
Previous Close 2.230
Day's Range 2.140 - 2.260
52-Week Range 1.140 - 2.850
Beta 1.12
Analysts Strong Buy
Price Target 4.50 (+100.89%)
Earnings Date Jun 12, 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]

Sector Healthcare
Founded 2009
Employees 1,449
Stock Exchange NASDAQ
Ticker Symbol HITI
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for HITI stock is "Strong Buy" and the 12-month stock price forecast is $4.5.

Price Target
$4.5
(100.89% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

3 days ago - PRNewsWire

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 . ...

6 days ago - PRNewsWire

The Best Marijuana Tech Stocks For Traders To Watch

Marijuana stock investors are starting to see the effects of how volatility plays a big part in the sector. This past week of trading has shown a slight increase in momentum. Much of which is based on...

Other symbols: LFLYMAPS
12 days ago - MarijuanaStocks

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...

14 days ago - PRNewsWire

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. ...

17 days ago - PRNewsWire

High Tide Closes Acquisition of Premium Canadian Cannabis Brand, Queen of Bud

CALGARY, AB , March 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-worl...

21 days ago - PRNewsWire

High Tide to Open Fourth Canna Cabana in Mississauga, Ontario

CALGARY, AB , March 26, 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...

23 days ago - PRNewsWire

High Tide to Open Third Canna Cabana in Mississauga, Ontario

CALGARY, AB , March 21, 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...

4 weeks ago - PRNewsWire

High Tide Resources Announces 3D Geophysics Interpretation and Targeting Advancements at Labrador West Iron Project

TORONTO, ON / ACCESSWIRE / March 20, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide a progress update for its flagship Labrador West Iron Project ("La...

4 weeks ago - Accesswire

High Tide Reports First Quarter 2024 Financial Results Featuring Record Revenue, Record Adjusted EBITDA, and Third Consecutive Quarter of Positive Free Cash Flow as well as Break-Even Net Income

First Quarter Results Include Revenue of $128.1 Million, Adjusted EBITDA of $10.4 Million, and $3.6 Million of Free Cash Flow This news release constitutes a "designated news release" for the purposes...

4 weeks ago - PRNewsWire

High Tide to Acquire Premium Canadian Cannabis Brand, Queen of Bud

CALGARY, AB , March 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-worl...

4 weeks ago - PRNewsWire

High Tide Opens New Canna Cabana Location in Toronto, Ontario

CALGARY, AB , March 14, 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...

4 weeks ago - PRNewsWire

High Tide Opens Second Canna Cabana in Mississauga, Ontario

CALGARY, AB , March 4, 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...

6 weeks ago - PRNewsWire

High Tide to Announce First Fiscal Quarter 2024 Financial Results

CALGARY, AB , March 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...

6 weeks ago - PRNewsWire

High Tide Welcomes Passage of First Pillar of Germany's Cannabis Legalization Plan

CALGARY, AB , Feb. 23, 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...

7 weeks ago - PRNewsWire

High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50 for 2024

This Marks the Company's Second Time Making This Prestigious List in Three Years CALGARY, AB , Feb. 22, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (F...

7 weeks ago - PRNewsWire

High Tide Signs Limited Cannabis Distribution Agreement With Manitoba Liquor and Lotteries

CALGARY, AB , Feb. 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...

2 months ago - PRNewsWire

High Tide Releases Audited 2023 Financial Results Featuring Record Fourth Quarter Revenue of $127.1 Million, Record Adjusted EBITDA of $8.4 Million and Record Free Cash Flow of $5.7 Million, Respectively

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 . ...

2 months ago - PRNewsWire

High Tide To Open First Canna Cabana Store in Fort McMurray, Alberta

CALGARY, AB , Jan. 26, 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...

2 months ago - PRNewsWire

High Tide Founder and CEO, Raj Grover, Makes Grow Up's 2024 Top 50 Cannabis Leaders in Canada List

CALGARY, AB , Jan. 23, 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 months ago - PRNewsWire

High Tide to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results

CALGARY, AB , Jan. 12, 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 months ago - PRNewsWire

Canadian Cannabis Stocks to Keep an Eye On in Early 2024

This week, investors are turning their eyes to marijuana stocks and the Canadian cannabis sector, a rapidly growing area in the global market. As the industry evolves, Canadian stocks are emerging as ...

Other symbols: CRONSNDL
3 months ago - MarijuanaStocks

High Tide Resources Announces Results from Annual General Meeting and Option Grant

TORONTO, ON / ACCESSWIRE / January 2, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide an update from its Annual General Meeting ("AGM") which was held ...

3 months ago - Accesswire

High Tide Welcomes Doubling of Ontario Retail Cannabis Store Cap

Province Amends Ontario Regulation 468/18 Under the Cannabis Licence Act, 2018 to Increase the Number of Stores That Licensed Retail Cannabis Operators and Their Affiliates Can Operate From 75 to 150 ...

3 months ago - PRNewsWire

High Tide Recaps Key Milestones of 2023

The Company Also Announces $2.8 Million Paydown From Convertible Debenture Balance CALGARY, AB , Dec. 29, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) ...

3 months ago - PRNewsWire