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

3.14

Mkt cap

257M

Volume

505K

High

3.20

P/E Ratio

-11.00

52-wk high

3.62

Low

3.07

Div yield

N/A

52-wk low

1.52

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

The article discusses the influence of Wall Street analysts' recommendations on stock prices, specifically focusing on High Tide (HITI). It questions the importance of these recommendations in investment decisions.

Portfolio Pulse from

November 19, 2024 | 3:45 pm

High Tide Inc. is set to open its third Canna Cabana retail cannabis store in Hamilton, Ontario, marking its 187th location in Canada. This expansion highlights the company's growth in the cannabis retail sector.

Portfolio Pulse from

November 18, 2024 | 11:15 am

High Tide Inc. has closed the final tranche of its $15 million subordinated debt facility, raising funds through debentures priced at $900 each. This move is part of the company's strategy to enhance its financial position.

Portfolio Pulse from

November 13, 2024 | 11:15 am

The article discusses how top cannabis companies, Tilray, High Tide, and Glass House Brands, are navigating financial pressures and regulatory uncertainties. High Tide shows positive growth with market expansion and a strong loyalty program. Tilray faces operational losses despite revenue growth, focusing on potential acquisitions to strengthen its medical cannabis segment. Glass House Brands aims for cost leadership in cultivation, with plans to reduce production costs and expand operations. The cannabis sector remains resilient amid market pressures and election uncertainties.

Portfolio Pulse from Patricio Liddle

November 01, 2024 | 8:03 pm

The U.S. cannabis industry is seeing a shift as young women now outspend men in cannabis consumption. Companies like Tilray and High Tide are adapting by focusing on products appealing to female consumers. This trend reflects broader societal changes and presents long-term benefits for businesses.

Portfolio Pulse from Franca Quarneti

October 23, 2024 | 2:13 am

Cheech & Chong are opening their first cannabis shop in Maine, while new cannabis stores are also opening in Connecticut, New York, and Toronto. RIV Capital Inc. and High Tide Inc. are expanding their cannabis retail operations.

Portfolio Pulse from Jelena Martinovic

October 10, 2024 | 6:20 pm

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