Profile
Sector:
HealthcareIndustry:
Pharmaceutical RetailersCountry:
CanadaIPO:
08 January 2021Website:
http://www.hightideinc.comNext earnings report:
29 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:21:25 GMTDividend
Analysts recommendations
Institutional Ownership
HITI Latest News
CALGARY, AB , Oct. 24, 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 97 Bath Road, Kingston, Ontario, will begin selling recreational cannabis products and consumption accessories for adult use as of 4:20 PM on October 31 st, 2024. This opening will mark High Tide's 186th Canna Cabana branded retail cannabis location in Canada, the 72nd in the province of Ontario and the first in Kingston.
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CALGARY, AB , Oct. 10, 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 3406 Dundas Street W, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Sunday, October 13. This opening will mark High Tide's 185th Canna Cabana branded retail cannabis location in Canada, the 71st in the province of Ontario and the 11th in the city of Toronto.
This Opening Represents the 70th Canna Cabana Location in Ontario CALGARY, AB , Oct. 7, 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 that its Canna Cabana retail cannabis store located at 201 Danforth Avenue, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use today. This opening brings the total number of Canna Cabana branded retail cannabis locations to 184 in Canada, 70 stores in the province of Ontario and the 10th in the city of Toronto.
High Tide is far outperforming its cannabis industry peers with rapid revenue growth, profitability, and a strong balance sheet, yet trades at a discount. Most peers are losing money and have a negative tangible net worth. The company benefits from industry consolidation, superior store performance, and strategic acquisitions, positioning it for continued growth and market share gains.
The Company Placed 87th out of 417 Companies, With a Three-Year Growth Rate of 486% CALGARY, AB , Sept. 26, 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 placed No.
High Tide's Q3 showed great sales growth amid slower industry growth, as the Canna Cabana chain continues gaining market share. The gross margin contracted sequentially, being a cost of the rapid sales expansion, but I believe that the long-term case for margin expansion still stands. High Tide's retail network expansion, membership growth, private label launch, pop-up stores, and potential new market entries should continue the ongoing momentum in upcoming years.
High Tide Inc. (NASDAQ:HITI ) Q3 2024 Earnings Conference Call September 17, 2024 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and CEO Mayank Mahajan - CFO Conference Call Participants Scott Fortune - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Mike Regan - Excelsior Andrew Semple - Ventum Financial Doug Cooper - Beacon Securities Operator Good morning. My name is Nadia, and I'll be your conference operator today.
High Tide Inc. (HITI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.03 per share a year ago.
The Company Also Reports 5th Consecutive Quarter of Positive Free Cash Flow With Trailing Free Cash Flow Totaling $21.8 Million and Achieves 12% Market Share in the Provinces where it Operates 1 , Up From 10% a Year Ago 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. High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars 2 , Delivers Quarterly Revenue of $131.7 Million, an All-Time Record and an Increase of 6% Year-Over-Year and Sequentially and Reaches an Annualized Run Rate Exceeding $525 Million Income From Operations Was $3.1 Million, Marking Sizeable Improvements From $(0.7) Million During the Same Period Last Year and $2.0 Million Sequentially.
What type of business is High Tide?
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories. Further, it sells its products through online sales via e-commerce platform. The company offers its products under the Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, and Blessed CBD brands. 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.
What sector is High Tide in?
High Tide is in the Healthcare sector
What industry is High Tide in?
High Tide is in the Pharmaceutical Retailers industry
What country is High Tide from?
High Tide is headquartered in Canada
When did High Tide go public?
High Tide initial public offering (IPO) was on 08 January 2021
What is High Tide website?
https://www.hightideinc.com
Is High Tide in the S&P 500?
No, High Tide is not included in the S&P 500 index
Is High Tide in the NASDAQ 100?
No, High Tide is not included in the NASDAQ 100 index
Is High Tide in the Dow Jones?
No, High Tide is not included in the Dow Jones index
When was High Tide the previous earnings report?
No data
When does High Tide earnings report?
The next expected earnings date for High Tide is 29 January 2025