High Tide (HITI) Company Overview

High Tide, Canada's largest cannabis retailer, is expanding into Germany through a majority acquisition of Purecan, aiming to capitalize on the booming medical cannabis market. President and CEO Raj Grover on strategic focus.

The Company's Q4 again showed solid revenue growth, gaining year-on-year market share in Canadian cannabis retail. Margins were pressured slightly by more aggressive store expansion. The acquisition of a 51% stake in Purecan, a German medical cannabis wholesaler, strategically positions High Tide for expansion in the German market. HITI stock remains undervalued, and I estimate a base scenario upside of 85% to a fair value of $5.1.

High Tide Inc. (HITI) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.02 per share a year ago.

High Tide Inc. (HITI) reachead $3.06 at the closing of the latest trading day, reflecting a -1.92% change compared to its last close.

CALGARY, AB , Jan. 15, 2025 /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, 2024, after financial markets close on Wednesday, January 29, 2025. High Tide's fourth fiscal quarter and year end 2024 financial and operational results will be available on SEDAR+, EDGAR, and on the Company's website at https://hightideinc.com/invest.

Founded in 2009, HITI transitioned smoothly into cannabis sales post-legalization in 2018, leveraging its strong customer base from cannabis accessories. The discount club model similar to Costco's seems be an initiative that would improve the quality of High Tide's business. High Tide plans global expansion into the U.S., EU, and UK, highlighting a clear growth path amidst competitors' bankruptcies.

CALGARY, AB , Dec. 30, 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 reflect on its key milestones for 2024, a year that saw the Company again achieve record growth while delivering on key publicly communicated objectives. From generating positive free cash flow for five consecutive quarters to launching its disruptive Cabana Club program in the United States and Europe, all while closing 2024 as the top revenue-generating cannabis company in Canada 1 for the third consecutive year, the Company continues to grow rapidly, largely utilizing internal cash flow.

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?

The Company Will End 2024 Having Opened 29 New Stores Across Canada CALGARY, AB , Dec. 18, 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 900 Carmichael Lane, in Hinton, Alberta will begin selling recreational cannabis products and consumption accessories for adult use tomorrow; and that its Canna Cabana retail cannabis store located at 1036 Pembroke Street East, Pembroke, Ontario will begin selling consumption accessories for adult use December 22 nd with recreational cannabis sales to follow. These openings will mark High Tide's 190th and 191st Canna Cabana branded retail cannabis locations in Canada, the 84th in the province of Alberta and the 76th in the province of Ontario.