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

2.67

Mkt cap

212M

Volume

285K

High

2.69

P/E Ratio

-9.07

52-wk high

3.12

Low

2.60

Div yield

N/A

52-wk low

1.36

The article discusses a correction regarding High Tide's financial reporting, specifically mentioning that the report was in CAD. This clarification is important for investors analyzing the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:04 pm

High Tide reported its Q3 2024 financial results, with GAAP EPS of C$0.01, surpassing the estimated loss of C$(0.03). The company's sales reached C$131.7 million, exceeding the forecast of C$127.95 million.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:04 pm

High Tide (NASDAQ:HITI) reported Q3 2024 earnings of $0.01 per share, surpassing the expected loss of $(0.03). Sales reached $131.7M, exceeding the $127.95M estimate and marking a 41.34% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:02 pm

High Tide Inc. (NASDAQ:HITI) is expanding its product offerings in its Canna Cabana stores across several Canadian provinces with exclusive Queen of Bud branded products. This follows High Tide's acquisition of the Queen of Bud brand and Alberta's decision to allow white-label cannabis products. The company is also entering the cannabis hospitality sector through a joint venture.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 4:06 pm

High Tide Inc., Canada's largest cannabis retailer, has partnered with Positive Intent Events to expand its cannabis offerings to events, following Alberta's decision to allow cannabis pop-up stores at adult-only festivals. This joint venture aims to leverage High Tide's market share and innovative discount club model in the nascent cannabis hospitality sector.

Portfolio Pulse from Nina Zdinjak

September 11, 2024 | 6:31 pm

High Tide has entered a joint venture with Positive Intent Events to establish a strong presence in Canada's emerging cannabis hospitality sector. This move comes after Alberta's decision to permit licensed cannabis pop-up stores at adults-only festivals and events.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 10:06 am

Former President Donald Trump's comments on rescheduling cannabis and supporting banking reforms led to a positive reaction in cannabis stocks. Notable gains were seen in companies like Trulieve Cannabis, Green Thumb Industries, and Canopy Growth. The market's response was more modest compared to previous surges.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 8:49 pm

The first legal recreational cannabis store in North Carolina is opening, while D.C. faces challenges with unlicensed cannabis shops. Trulieve Cannabis Corp. expands its retail footprint in Florida and Arizona, and High Tide Inc. opens a new store in Canada.

Portfolio Pulse from Jelena Martinovic

September 06, 2024 | 9:40 pm

Former President Donald Trump's support for cannabis legalization in Florida has sparked varied reactions in the cannabis stock market. Notable movements include gains for AdvisorShares Pure Cannabis ETF and Trulieve Cannabis, while Canopy Growth and Cronos Group saw declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 05, 2024 | 1:39 pm

High Tide Inc. (NASDAQ:HITI) has re-launched the website for its Canadian retail brand, Canna Cabana, enhancing user experience with modern design and improved navigation. The company has seen significant growth in its Cabana Club loyalty program and discount club model. High Tide's shares were down 1.7155% at $2.005.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 7:41 pm

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