EXCLUSIVE: Cannabis Titans High Tide, Sanity Group CEOs Unveil Bold Global Expansion Plans (VIDEO)
Portfolio Pulse from Patricio Liddle
High Tide Inc (NASDAQ:HITI) CEO Raj Grover discussed the company's success and expansion plans on Benzinga’s Cannabis Insider podcast. High Tide, with over 160 stores in Canada and $500 million in revenue, aims to expand to 300 stores. The podcast also featured Sanity Group's CEO, Finn Hänsel, who spoke about the potential legalization of cannabis in Germany and its impact on Europe. The U.S. rumors of rescheduling cannabis could influence global legalization. Both CEOs called for international cooperation on cannabis regulation.
January 25, 2024 | 6:32 pm
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High Tide Inc. is expanding its retail presence with a goal of 300 stores, capitalizing on its successful discount club model. The potential legalization in Germany and changes in U.S. cannabis regulation could provide further growth opportunities.
High Tide's aggressive expansion plans and the evolving regulatory landscape in Germany and the U.S. suggest a positive outlook for the company. The CEO's vision and the company's current trajectory indicate potential for growth, which could positively impact the stock price in the short term.
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