Canadian Cannabis Retailer High Tide Reports Q2 Revenue Flat To Q1, Net Loss Of CA$1.6M
Portfolio Pulse from Nicolás Jose Rodriguez
High Tide (NASDAQ:HITI) reported record-breaking Q2 2023 revenue of $118.1 million, marking its third consecutive quarter of exceptional performance. The company also reported an impressive EBITDA of $6.6 million and a revenue run rate of over $500 million.
June 14, 2023 | 8:18 pm
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High Tide's Q2 2023 results show record-breaking revenue of $118.1 million, marking the third consecutive quarter of exceptional performance, with an impressive EBITDA of $6.6 million.
High Tide's record-breaking Q2 2023 revenue and impressive EBITDA indicate strong financial performance, which is likely to have a positive short-term impact on the stock price. The company's continued growth and market share increase in the Canadian cannabis retail market also contribute to the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100