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 Inc. (HITI) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.03 per share a year ago.

High Tide Inc. (HITI) Reports Q3 Loss, Tops Revenue Estimates

High Tide Inc. (CSE:HITI) shares rose after the closing bell in New York as the cannabis firm reported positive free cash flow of $4.1 million for the fiscal first quarter, achieving this milestone ahead of its year-end target.   The improvement from negative free cash flow of $2 million in the year-ago quarter was driven by increases in the company's same-store sales growth.

High Tide achieves positive free cash flow and record revenue in 3Q

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 Has Achieved Positive Free Cash Flow 1  of $4.1 Million This Quarter, in Advance of its Previously Stated Goal to Reach This Milestone by December 2023 Same-Store Sales Increased by 19% Year-Over-Year and 8% Sequentially.

High Tide Reports Third Quarter 2023 Financial Results Featuring Positive Free Cash Flow of $4.1 Million and Fourth Consecutive Quarter of Record Revenue and Adjusted EBITDA of $124.4 Million and $10.2 Million, Respectively

Cabanalytics Consumer Insights (CCI) Creates a High-Margin Revenue Opportunity for the Company Through Ad Revenue Generation, Subject to Federal and Provincial Regulations CCI Will Further Solidify the Loyalty Loop With Our Club Members, Product Innovators, Brand Manufacturers and Licensed Producers The Company Plans to Extend and Expand CCI Distribution to its Global Customer Database of 4.6 Million in the Coming Months CALGARY, AB , Sept. 14, 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 the launch of 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.

High Tide Launches "Cabanalytics Consumer Insights" to 1.1 Million Cabana Club Members

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Marijuana stocks are the investment of the future for many reasons. For instance, the legal cannabis industry is still new and developing quickly. It was not long ago when the talks about legal cannabis were a bit taboo. Yet from 2018 to 2023 things have changed in favor of legal cannabis. There has been so much change that more people are interested in investing in cannabis. There has been a rise in the number of people who use legal cannabis. The more people who buy cannabis the better it is for the industry and the companies themselves.

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CALGARY, AB , Sept. 12, 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 9025 Airport Rd, Brampton, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Thursday, September 14, 2023.

High Tide To Open Second Canna Cabana Location in Brampton, Ontario

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The cannabis industry is growing at a fast pace and more people are taking notice. What was once a taboo subject to discuss has now transformed into a booming industry. More and more people are trying to find a way into the industry even if they do not use cannabis. This has led more people to learn about how to invest in legal cannabis without any legal repercussions.

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CALGARY, AB , Sept. 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 in order to replace its previous at-the-market equity offering program that ended on May 22, 2023, it has established an at-the-market equity offering program (the "ATM Program") that allows the Company to issue up to CAD$30 million (or the equivalent in U.S. dollars) of common shares ("Common Shares") from treasury to the public from time to time, at the Company's discretion and subject to regulatory requirements (the "Offering").

High Tide Announces At-The-Market Program of up to CAD$30,000,000 for Strategic Initiatives to Replace Previous At-The-Market Program

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Investors are always looking for ways to make money. The cannabis industry could be a way to do just that. Marijuana stocks have seen their fair share of ups and downs and market obstacles. Yet with eyes set on the future finding top marijuana stocks to buy is what investors are looking for. But how do people know when it's a good time to buy and which cannabis stocks to invest in?

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I will attempt to assess and rank the relative growth potential of the separate competitors in the industry. The industry faces multiple catalysts and is trading near 52-week lows. The cannabis ETFs are full of cash burning companies, so I am forced to research my own basket of stocks.

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Marijuana stocks are the new investment of the future for some. Now this was not always the case as the cannabis sector from 2018 all the way to 2020 and part of 2021 was known to be a sector for quick turnarounds. Most marijuana stocks at this time were seeing consistent upward trading. Even if there was a decline there would be a strong recovery most times.

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CALGARY, AB , Aug. 24, 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 will release its financial and operational results for the third fiscal quarter ended July 31, 2023, after financial markets close on Thursday, September 14, 2023. High Tide's third fiscal quarter 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 Third Fiscal Quarter 2023 Financial Results

One of the most controversial market segments, adventurous investors may nevertheless benefit from the best CBD stocks to buy. Known officially as cannabidiol, CBD is the second-most prevalent active ingredient in the cannabis plant, according to Harvard Health.

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CALGARY, AB , Aug. 18, 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 1383 Wilson Road N, Oshawa, Ontario will begin selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 155th Canna Cabana branded retail cannabis location in Canada and the 51st in Ontario, Canada's largest province.

High Tide Opens First Canna Cabana Location in Oshawa, Ontario

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As Canada's cannabis sector grows, knowledgeable investors look for chances in marijuana penny stocks in 2023. These lower-priced stocks have the potential for quick gains, making them tempting to day traders and swing traders looking for quick profits. However, approaching this market with prudence and a strong plan that includes good risk management and technical analysis to understand the peculiar characteristics of penny stocks is critical.

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CALGARY, AB , Aug. 4, 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 in order to replace its prior base shelf prospectus that expired on May 22, 2023, it has filed a final short form base shelf prospectus (the "Prospectus") to provide the Company with the flexibility to take advantage of financing opportunities and favourable market conditions, if and when needed, during the 25-month period that the Prospectus remains effective (the "Effective Period"). The Prospectus has been filed in each of the provinces and territories in Canada.

High Tide Files Final Base Shelf Prospectus to Replace Expired Base Shelf Prospectus

The Company Celebrates its 50th Store Opening in the Province CALGARY, AB , July 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 1010 Talbot Street, St. Thomas, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Sunday, July 30. This opening marks High Tide's 154th Canna Cabana branded retail cannabis location in Canada and its 50th in the province of Ontario, Canada's largest province.

High Tide to Open Canna Cabana Location in St. Thomas, Ontario

As marijuana stocks gain momentum and attract investors worldwide, it is evident that the market's growth potential extends beyond the major cannabis growers. The spotlight shines brightly on ancillary cannabis stocks in August 2023. These companies operate on the outskirts of the cannabis ecosystem, providing crucial products and services critical to the industry's success.

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High Tide does not grow cannabis and instead sells it as a loss leader; their discount model places downward pressure on price. The company has vertically integrated the production of smoking accessories and currently owns 3 of the top 5 cannabis accessory websites by revenue. They have been capturing additional market share at a rate slightly under 1% per quarter and currently control roughly 9.5% of the Canadian market.

High Tide: Why I'm Buying With Both Hands

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Now is a volatile time to invest in top marijuana stocks. If you plan and strategize correctly can potentially make you some money. Currently, the cannabis sector has been seeing a rise in volatile market behavior. Now the reason for this used to be solely based on the lack of federal reform. Some people have the idea without federal reform in place there is the possibility that federal regulators may stop the industry. Yet with how far and how much revenue has been generated for the US market alone chances are slim that any shutdown will happen.

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CALGARY, AB , July 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, is pleased to announce that in order to replace its prior base shelf prospectus that expired on May 22, 2023, it has filed a preliminary short form base shelf prospectus (the "Prospectus") to provide the Company with the flexibility to take advantage of financing opportunities and favourable market conditions, if and when needed, during the 25-month period that the Prospectus, once made final, remains effective (the "Effective Period"). The Prospectus has been filed in each of the provinces and territories in Canada.

High Tide Files Preliminary Base Shelf Prospectus to Replace Expired Base Shelf Prospectus

Some marijuana stock investors are keeping a positive outlook on cannabis investing. The reason is how far along and the continuous progress of the cannabis industry. On a global scale cannabis is becoming much more expected from medical to recreational use. Not just that more companies are starting to push the envelope through different partnerships services and products. Yet the biggest concern for investors and those who work in the cannabis industry are laws and regulations.

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Marijuana stocks are still facing heavy volatile trading which has created more unpredictable patterns. For a long while the cannabis sector is facing a lack of upward trading. In addition other variables with no federal reform in place many feel this is the main cause of the volatility. Yet when there is positive news on the subject the market reacts well and begins to recover.

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Investing in marijuana stocks can be a controversial topic, as the industry is relatively new and still developing. However, there are both pros and cons to investing in this sector.

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Most marijuana stock investors are waiting to see better trading. Plain and simple the cannabis sector is still incredibly volatile which has led to a decline. It seems that the only catalyst to move the market is when strong news on a company or industry politics is released. For instance, the biggest catalyst that has been a market mover is new federal cannabis reform.

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