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.

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CALGARY, AB , Jan. 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, is pleased to announce that its Founder and CEO, Raj Grover, has made Grow Up's 2024 Top 50 Cannabis Leaders in Canada list. The list, which was hand selected by Grow Up's industry advisory committee, recognizes influential leaders in the cannabis industry who are trailblazers in the growth, development and innovation of the cannabis industry, and celebrates their relentless, courageous, and innovative dedication to elevate the industry.

High Tide Founder and CEO, Raj Grover, Makes Grow Up's 2024 Top 50 Cannabis Leaders in Canada List

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CALGARY, AB , Jan. 12, 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 and year ended October 31, 2023, after financial markets close on Monday, January 29, 2024. High Tide's fourth quarter and year-end 2023 financial and operational results will be available on SEDAR+, EDGAR, and on the Company's website at https://hightideinc.com/invest.

High Tide to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results

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This week, investors are turning their eyes to marijuana stocks and the Canadian cannabis sector, a rapidly growing area in the global market. As the industry evolves, Canadian stocks are emerging as key players to watch. The global cannabis market, already worth billions, is projected to expand significantly. This growth is spurred by the increasing legalization and acceptance of cannabis for both medical and recreational use. For those looking to invest, the potential for high returns from top Canadian cannabis stocks is an exciting prospect.

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TORONTO, ON / ACCESSWIRE / January 2, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide an update from its Annual General Meeting ("AGM") which was held on December 20, 2023. Shareholders voted to approve all items of business put forth to shareholders at the AGM, including the re-election of directors, appointment of the auditor, amendment to the Company's by-laws and the authorization to consolidate the Company's common shares.

High Tide Resources Announces Results from Annual General Meeting and Option Grant

Province Amends Ontario Regulation 468/18 Under the Cannabis Licence Act, 2018 to Increase the Number of Stores That Licensed Retail Cannabis Operators and Their Affiliates Can Operate From 75 to 150 CALGARY, AB , Jan. 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, welcomes today's amendment of Ontario Regulation 468/18 under the Cannabis Licence Act, 2018 that increases the number of stores that licensed retail cannabis operators and their affiliates can operate from 75 to 150. "We welcome Ontario's move today to make good on its previously stated intent to double the provincial store cap to 150.

High Tide Welcomes Doubling of Ontario Retail Cannabis Store Cap

The Company Also Announces $2.8 Million Paydown From Convertible Debenture Balance CALGARY, AB , Dec. 29, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to reflect on its key milestones for 2023, a year that saw the Company once again achieve record growth while surpassing its communicated goals. From becoming one of the few publicly traded cannabis companies anywhere in the world to generate positive free cash flow five months ahead of its publicly communicated timeline, to closing the year as the top revenue-generating cannabis company in Canada for the second consecutive year1, to launching Cabanalytics Consumer Insights (CCI), a consumer-facing magazine style digital publication which is an extension of the highly successful Cabanalytics business data and insights platform, the Company continuously demonstrated a commitment to innovation and responsible growth while maximizing shareholder value.

High Tide Recaps Key Milestones of 2023

The Company Enters Ontario's Third-Largest City After Spearheading Efforts to Convince City Council to Opt-Into Cannabis Retail Sales. CALGARY, AB , Dec. 28, 2023  /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 5700 Mavis Road, Mississauga, Ontario will begin selling recreational cannabis products and consumption accessories for adult use tomorrow.

High Tide to Open First Canna Cabana in Mississauga, Ontario

CALGARY, AB , Dec. 27, 2023 /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 457 Hazeldean Road Kanata, Ontario has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 161st Canna Cabana branded location in Canada, the 53rd in the province of Ontario and the 2nd in Kanata.

High Tide Opens Second Canna Cabana in Kanata, Ontario

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CALGARY, AB , Dec. 21, 2023 /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 11501 Buffalo Run Blvd Tsuut'ina, Alberta will begin selling recreational cannabis products and consumption accessories for adult use on Saturday, December 23. This opening will mark High Tide's 160th Canna Cabana branded retail cannabis location in Canada, the 78th in the province of Alberta and the first Canna Cabana on the Tsuut'ina Nation.

High Tide Opens 160th Canna Cabana Location, the First on Tsuut'ina Nation

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In 2024, the cannabis sector and top marijuana stocks remain a dynamic and evolving landscape, with ancillary and Canadian cannabis stocks standing out as areas of significant interest. Ancillary companies, which provide vital services and products to the cannabis industry without directly engaging in cultivation or sales, have emerged as a robust segment. They offer a diverse range of opportunities, from technology solutions and equipment suppliers to marketing and legal services. This sector is particularly appealing because it benefits from the growth of the cannabis industry while mitigating the legal and regulatory risks directly associated with cannabis production and sales.

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In the rapidly evolving world of cannabis investments, ancillary marijuana stocks present a unique opportunity for investors looking beyond the conventional market. These stocks, which represent companies providing support services and products to the cannabis industry without directly handling the plant, are gaining traction as the industry matures. Analysts predict significant growth in the global cannabis market, with projections indicating a surge from $20.5 billion in 2020 to an astounding $90.4 billion by 2026, marking a compound annual growth rate (CAGR) of around 28%. This exponential growth is attributed not only to the increasing legalization of cannabis across various regions but also to the diversification of its applications in medical, recreational, and industrial sectors.

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Investing in marijuana stocks comes with high risk but what about high reward? Depending on how you trade it can be it is no secret the more you invest the more you can make. But with how unpredictable the sector has become more people see the long game being the better option. So what does this mean? Well for more seasoned cannabis stock investors you know the last several years have been more volatile.

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This upcoming year marijuana stock investors await to see what will occur. There is a split between optimism and increased fears of what will go wrong. Many are still stuck in disbelief that there has been no advancement of any type of federal reform. You would think with over a billion dollars quarterly per legal state that federal reform would be a no-brainer. But it is not that simple however every time positive news on the matter is released the market begins to recover.

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High Tide Inc. has an extremely competitive business model and a low cost of expansion. The cannabis industry is facing catalysts from both rescheduling and the passage of some form of the SAFE Banking Act. High Tide has reached positive cash flow a quarter earlier than management previously projected.

High Tide: Insiders Are Buying, And So Am I

CALGARY, AB , Nov. 29, 2023 /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  481 River Avenue, Winnipeg, Manitoba will begin selling recreational cannabis products and consumption accessories for adult use on Friday, December 1, 2023. This opening will mark High Tide's 159th Canna Cabana branded retail cannabis location in Canada, the 11th in Manitoba, and the 6th store in Winnipeg, the capital city of the province.

High Tide to Open New Canna Cabana Store in Winnipeg, Manitoba

This New Store is the Second Canna Cabana Location to Open in Saskatoon CALGARY, AB , Nov. 28, 2023 /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 20th Street West, Saskatoon, Saskatchewan will begin selling recreational cannabis products and consumption accessories for adult use today. This opening will mark High Tide's 158th Canna Cabana branded retail cannabis location in Canada, the 11th in the province of Saskatchewan and the 2nd in Saskatoon.

High Tide Opens New Canna Cabana Store in Former Kiaro Location

CALGARY, AB , Nov. 27, 2023 /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 is taking yet another step to expand its bricks-and-mortar retail cannabis operations, by acquiring certain assets of Canadian Cannabis Media Corp. related to its store located at 1208 Davie Street in Vancouver, British Columbia (the "Store") for $1.33 Million, paid via a combination of High Tide shares and cash (the "Transaction"), pursuant to a definitive agreement (the "Acquisition Agreement"). This exceptional site includes assets of a completely outfitted store, allowing the Company to open the Store with minimal incremental costs.

High Tide Opens New Canna Cabana Location on Davie Street in Vancouver, British Columbia

CALGARY, AB , Nov. 22, 2023 /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 certain officers, directors, and consultants led by the Company's President and Chief Executive Officer, in the aggregate, acquired 125,917 common shares in the capital of High Tide ("Common Shares") on the open market between November 20 and November 21 at an average price of $1.88 per Common Share. The purchase of Common Shares by certain officers, directors, and consultants reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the Company.

High Tide Announces Purchases of Shares by Insiders

In the ever-evolving landscape of the cannabis market, ancillary marijuana stocks have emerged as hidden gems, often overshadowed by the spotlight on direct cultivators. In general, these ancillary companies, supplying various accessories and services to the cannabis industry, play a crucial role in its expansion. From cutting-edge vaporizers to innovative packaging solutions, these stocks offer investors a unique entry point into the cannabis boom.

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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 , Nov. 1, 2023 /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, is pleased to announce that it has successfully completed a restructuring (the "Debt Restructuring") of approximately $8.9 million of the Company's outstanding debt held by a key industry lender ("Key Lender" and together with High Tide, the "Parties") under a senior secured convertible debenture issued on July 23, 2020, as amended, maturing on January 1, 2025 (the "Debenture") pursuant to a debt restructuring agreement dated July 23, 2020, as amended, entered into between the parties (the "Debt Restructuring Agreement"). Pursuant to the terms of the Debt Restructuring Agreement, the parties have agreed to settle the outstanding structured installment payments, which equals the aggregate sum of $5,024,546 (the "Outstanding Structured Payment"), in common shares in the capital of High Tide ("High Tide Shares") at a deemed price of $2.0168 per High Tide Share, to the Key Lender (each an "Installment Share"), subject to prior approval and compliance with the policies of the TSX Venture Exchange ("TSXV"), calculated on basis of a deemed price per High Tide Share equal to the ten (10) day volume-weighted average trading price (in Canadian dollars) of the High Tide Shares on the TSXV ("VWAP") ending on October 31, 2023.

News for High Tide Stock (HITI)