High Tide

High Tide, Inc. engages in the manufacture and retail of cannabis smoking accessories and lifestyle products. It operates through the following segments: Wholesale, Retail and Corporate. The Retail segment represents by brands, including Canna Cabana, NewLeaf Cannabis, Meta Cannabis Co, KushBar, Grasscity, Smoke Cartel, and CBDcity. The Wholesale segment represents by brands, including Valiant Distribution and Famous Brandz. The Corporate segment manages the executive management and financing needs of the business. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.

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High Tide, Inc. is a retail-focused cannabis company, which engages in the manufacture and distribution of consumption accessories. It operates through the following segments: Retail, Wholesale, and Corporate. Its brands are Canna Cabana, Fastendr, Grasscity, Smoke Cartel, Daily High Club, DankStop, NuLeaf Naturals, FAB CBD, Blessed CBD, Valiant Distribution, and Famous Brandz. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.

High Tide reported Q2 results, showing slow growth, explained by underlying weaker industry sales. The company still continues to capture market share. Recent quarters show incredibly great margin leverage, making higher margins now my base scenario. I previously noted the great importance of raised margins. HITI's market share growth prospects and increasing margins fueled further by private label sales growth continue to be undermined by the current valuation.

High Tide: Higher Margins Are Now The Base Scenario

High Tide Inc. HITI indicators, particularly the sustained positive free cash flow and improvement in net income, suggest a financial recovery and enhanced investment appeal, signaling potential value for investors. High Tide reported $9.4 million in free cash flow for the second fiscal quarter 2024.

High Tide Reports $34.5M Cash Position, Sells 1,400 Shares In Q2, Expands Cannabis Footprint

High Tide Inc. (HITI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.01 per share a year ago.

High Tide Inc. (HITI) Reports Break-Even Earnings for Q2

The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada, and is the Second Largest Globally by Store Count, with 172 Operating Locations 1 This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023 . The Company Generated $9.4 Million of Positive Free Cash Flow 2  in the Second Fiscal Quarter.

High Tide Reports Second Quarter 2024 Financial Results Featuring Record Free Cash Flow of $9.4 Million and Positive Net Income

Five-Year Debt Financing Provides More Fuel to Continue Growing While Remaining Free Cash Flow Positive   This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023 to its short form base shelf prospectus dated August 3, 2023 CALGARY, AB , June 13, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has entered into binding subscription agreements with arm's length institutional credit providers (together, the "Lenders") for aggregate gross proceeds of $15 million in a subordinated debt financing (the "Financing"). "I am very excited to announce that we have signed definitive agreements for an aggregate of $15 million in debt financing, plus a $10 million accordion feature.

High Tide Executes Binding Subscription Agreements for $15 Million in Subordinated Debt

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think High Tide (HITI) Is a Good Investment: Is It?

The Company is Well Positioned to Take Advantage of Private Label Sales, Including Through its Newly Acquired Queen of Bud Brand Across Ontario, Manitoba, Saskatchewan and Alberta CALGARY, AB , June 4, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, welcomed the announcement by Alberta Gaming Liquor and Cannabis' (AGLC) that it has amended its Retail Cannabis Store Handbook to allow private label cannabis sales. This is good news for High Tide's Cabana Cannabis Co. brand which is already in-market in Ontario, Manitoba and Saskatchewan, and for the newly acquired Queen of Bud brand, which is also available in Ontario.

High Tide Welcomes Alberta's Decision to Allow Private Label Cannabis Sales

CALGARY, AB , June 3, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 17 Hanes Road, Huntsville, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Thursday, June 6, 2024. This opening will mark High Tide's 172nd Canna Cabana branded retail cannabis location in Canada, the 63rd in the province of Ontario and the first store in Huntsville.

High Tide to Open First Canna Cabana in Huntsville, Ontario

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High Tide Inc. (HITI) reachead $2.38 at the closing of the latest trading day, reflecting no change compared to its last close.

High Tide Inc. (HITI) Flat As Market Sinks: What You Should Know

CALGARY, AB , May 28, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it will release its financial and operational results for the quarter ended April 30, 2024, after financial markets close on Thursday, June 13, 2024. High Tide's second fiscal quarter 2024 financial and operational results will be available on SEDAR+, EDGAR, and on the Company's website at https://hightideinc.com/invest Following the release of its second fiscal quarter financial and operational results, High Tide will host a webcast with Raj Grover, Founder and Chief Executive Officer, and Mayank Mahajan, Chief Financial Officer, to discuss the Company's financial results and what the remaining two fiscal quarters hold for High Tide, at 11:30 AM Eastern Time on Friday, June 14.

High Tide to Announce Second Fiscal Quarter 2024 Financial Results

High Tide (HITI) Is Considered a Good Investment by Brokers: Is That True?

High Tide Inc. (HITI) closed at $2.18 in the latest trading session, marking a -1.36% move from the prior day.

High Tide Inc. (HITI) Stock Falls Amid Market Uptick: What Investors Need to Know

High Tide Inc. (HITI) reachead $2.24 at the closing of the latest trading day, reflecting a -1.32% change compared to its last close.

Why High Tide Inc. (HITI) Dipped More Than Broader Market Today

CALGARY, AB , May 13, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1105 Kingston Road, Pickering Ontario will begin selling recreational cannabis products and consumption accessories for adult use. This opening will mark High Tide's 171st Canna Cabana branded retail cannabis location in Canada, the 62nd in the province of Ontario and the first store in the city of Pickering.

High Tide Opens First Canna Cabana in Pickering, Ontario

Here is how High Tide Inc. (HITI) and Hologic (HOLX) have performed compared to their sector so far this year.

Is High Tide (HITI) Stock Outpacing Its Medical Peers This Year?

New Store Represents Canna Cabana's 170th Location Nationwide CALGARY, AB , May 6, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1949 Ravenscroft Road, Ajax, Ontario will begin selling recreational cannabis products and consumption accessories for adult use today. This opening will mark High Tide's 170th Canna Cabana branded retail cannabis location in Canada, the 61st in the province of Ontario and the 2nd in Ajax.

High Tide Opens Second Canna Cabana in Ajax, Ontario

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As May 2024 begins, Canadian cannabis companies are catching the eye of savvy investors. Among these, Canopy Growth Corporation and Aurora Cannabis stand out for their expansive market reach and innovation. These companies have been pioneers in the cannabis industry, expanding their operations globally. They are well-positioned to capitalize on emerging markets. This is due to their early entry and continuous investment in research and development.

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New Store Represents Canna Cabana's 60th Location in the Province of Ontario CALGARY, AB , May 2, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1660 20th Avenue East, Owen Sound, Ontario has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 169th Canna Cabana branded retail cannabis location in Canada, the 60th in the province of Ontario and the 1st in Owen Sound.

High Tide Opens Canna Cabana in Owen Sound, Ontario

CALGARY, AB , May 1, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that Mayank Mahajan has joined the Company in the role of Chief Financial Officer.   Mr. Mahajan brings an exceptional range of expertise from a career in financial services, technology, manufacturing, trading and leasing that spans more than 15 years.

High Tide Announces Appointment of New Chief Financial Officer

The Company Reports $1.965 Million in Retail Sales on '4/20' Across All Retail Channels, Representing a 35% Increase Week-Over-Week 1 The Company Also Completed its Annual 4/20 Car Giveaway CALGARY, AB , April 23, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that on April 20, 2024 ('4/20'), it generated CAD $1.965 million in total retail gross revenues ("Total Sales") across all retail platforms, representing a 35% increase from the previous Saturday. The Company's Canadian bricks-and-mortar stores reported a 30% increase, while sales across its e-commerce platforms (Grasscity.com, Smokecartel.com, Dailyhighclub.com, Dankstop.com, Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de) reported an increase of 119% over the previous Saturday.

High Tide Reports Approximately $2 Million in Retail Sales on '4/20'

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Marijuana stock investors are always looking for the next opportunity. Now may be a good time to begin learning about the cannabis sector. 2024 is showing promise to be a strong year for both cannabis businesses and marijuana stocks. The cannabis sector has been through volatile and pivotal points over the last few years. Specifically, there has been an increase in unpredictable trading patterns often resulting in a lack of upward momentum.

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High Tide (HITI) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

High Tide (HITI) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

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With the U.S. economy on a hot streak, it makes sense to invest in growth stocks such as Comfort Systems USA (FIX), High Tide (HITI), CuriosityStream (CURI) and Turtle Beach (HEAR).

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