Streetbeat News

HITI

High Tide Inc.

https://www.hightideinc.com

Industry

Medical - Pharmaceuticals

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of August 4, 2022, it operated 139 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.

Open

3.09

Mkt cap

249M

Volume

508K

High

3.16

P/E Ratio

-11.04

52-wk high

3.62

Low

3.07

Div yield

N/A

52-wk low

1.56

High Tide Inc. (HITI) experienced a significant drop in its stock price, closing at $3.06, which is a 1.92% decrease from its previous close. This decline is larger than the general market movement.

Portfolio Pulse from

January 17, 2025 | 12:15 am

High Tide Inc. (Nasdaq: HITI) will release its Q4 and full fiscal year 2024 financial results on January 29, 2025, after market close. The results will be available on SEDAR+, EDGAR, and the company's website.

Portfolio Pulse from

January 15, 2025 | 5:15 pm

High Tide is enhancing its business model by adopting a discount club approach and is planning international expansion into the U.S., EU, and UK. This positions the company for growth amid competitors' bankruptcies.

Portfolio Pulse from

January 10, 2025 | 5:45 pm

Wall Street analysts have given positive recommendations for High Tide (HITI), which can influence investor decisions and potentially impact the stock's price.

Portfolio Pulse from

January 09, 2025 | 4:00 pm

High Tide Inc. (Nasdaq: HITI) achieved significant milestones in 2024, including positive free cash flow for five quarters, launching the Cabana Club program in the US and Europe, and being the top revenue-generating cannabis company in Canada for the third year.

Portfolio Pulse from

December 30, 2024 | 11:15 am

The article discusses the impact of Wall Street analysts' recommendations on stock prices, using High Tide (HITI) as an example. It questions the significance of these recommendations in influencing investment decisions.

Portfolio Pulse from

December 24, 2024 | 3:45 pm

High Tide Inc. is set to open two new Canna Cabana stores in Alberta and Ontario, marking its 190th and 191st locations in Canada. The company plans to open 29 new stores across Canada by the end of 2024.

Portfolio Pulse from

December 18, 2024 | 11:15 am

High Tide Inc. is set to open its 75th Canna Cabana store in Ontario, marking its 189th location in Canada. The new store in Richmond will start selling recreational cannabis products on December 14.

Portfolio Pulse from

December 10, 2024 | 11:15 am

High Tide is experiencing impressive growth due to strategic expansions, particularly in Canada, with plans to open 23 new stores by July 2024. This has resulted in a 6% YoY revenue increase and a 12% market share in Canada. Despite challenges in the U.S. and international markets, the company's focus on e-commerce and potential physical store investments positions it for future growth.

Portfolio Pulse from

December 03, 2024 | 11:30 am

High Tide Inc. (HITI) has reached a 52-week high, prompting questions about the potential for further gains. The article examines the company's fundamentals to provide insights.

Portfolio Pulse from

December 02, 2024 | 7:45 pm

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