HITI

High Tide
HITI

$1.96

3.43%

Market Cap: $158M

About: High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.

Employees: 1,449

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

670% more call options, than puts

Call options by funds: $1.37M | Put options by funds: $178K

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

3% more funds holding

Funds holding: 30 [Q1] → 31 (+1) [Q2]

1% more capital invested

Capital invested by funds: $7.38M [Q1] → $7.46M (+$86.8K) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 4

0.53% less ownership

Funds ownership: 4.79% [Q1] → 4.26% (-0.53%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HITI.

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Financial journalist opinion

Based on 8 articles about HITI published over the past 30 days

High Tide to Open Canna Cabana in Lucan, Ontario

CALGARY, AB , Sept. 5, 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 389 Main Street, Lucan, Ontario will begin selling recreational cannabis products and consumption accessories for adult use tomorrow, September 6.

High Tide to Open Canna Cabana in Lucan, Ontario

High Tide to Launch Next-Gen Canna Cabana 2.0 Website

CALGARY, AB , Sept. 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 that at 8:00 PM Mountain Time tonight, it will re-launch the website of its flagship Canadian bricks-and-mortar retail brand, Canna Cabana, which represents more than 90 per cent of the Company's revenue.

High Tide to Launch Next-Gen Canna Cabana 2.0 Website

Zacks Investment Research

High Tide Inc. (HITI) Ascends While Market Falls: Some Facts to Note

In the most recent trading session, High Tide Inc. (HITI) closed at $1.92, indicating a +1.59% shift from the previous trading day.

High Tide Inc. (HITI) Ascends While Market Falls: Some Facts to Note

Zacks Investment Research

Is High Tide (HITI) a Buy as Wall Street Analysts Look Optimistic?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is High Tide (HITI) a Buy as Wall Street Analysts Look Optimistic?

High Tide: Potential To Be A Giant In The Cannabis Space

High Tide's relentless focus on growth, operational efficiency, and cashflows, similar to Amazon's strategy, positions it as a potential giant in the cannabis industry. High Tide is undervalued amongst its peers, trading at historically low ratios and presenting a rare investment opportunity despite the broader cannabis industry's challenges. Risks include investor sentiment tied to U.S. regulations, but High Tide's strong performance in Canada and potential international expansion offer promising prospects.

High Tide: Potential To Be A Giant In The Cannabis Space

High Tide to Announce Third Fiscal Quarter 2024 Financial Results

High Tide Continues to Grow its Presence in Mississauga with the Opening of its Seventh Canna Cabana in Ontario's Third Largest City CALGARY, AB , Aug. 22, 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 July 31, 2024, after financial markets close on Monday, September 16, 2024. High Tide's third 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 third 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 fiscal year holds for High Tide, at 11:30 AM Eastern Time on Tuesday, September 17.

High Tide to Announce Third Fiscal Quarter 2024 Financial Results

Zacks Investment Research

High Tide Inc. (HITI) Rises Higher Than Market: Key Facts

In the latest trading session, High Tide Inc. (HITI) closed at $1.99, marking a +1.53% move from the previous day.

High Tide Inc. (HITI) Rises Higher Than Market: Key Facts

Zacks Investment Research

Brokers Suggest Investing in High Tide (HITI): Read This Before Placing a Bet

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Brokers Suggest Investing in High Tide (HITI): Read This Before Placing a Bet

High Tide Surpasses 1.5 Million Cabana Club Members

The Company Also Announces the Opening of a New Canna Cabana Store in Belleville, Ontario CALGARY, AB , Aug. 8, 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 Cabana Club loyalty program has surpassed 1.5 million members across Canada. Membership has increased 5% since June 13, 2024, when the Company reported Q2 2024 results.

High Tide Surpasses 1.5 Million Cabana Club Members

Zacks Investment Research

High Tide Inc. (HITI) Declines More Than Market: Some Information for Investors

High Tide Inc. (HITI) closed the most recent trading day at $1.71, moving -1.72% from the previous trading session.

High Tide Inc. (HITI) Declines More Than Market: Some Information for Investors

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