HITI
High TideHITI
HITI
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
316% more call options, than puts
Call options by funds: $873K | Put options by funds: $210K
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
6% more funds holding
Funds holding: 31 [Q2] → 33 (+2) [Q3]
0.31% less ownership
Funds ownership: 4.33% [Q2] → 4.02% (-0.31%) [Q3]
6% less capital invested
Capital invested by funds: $7.58M [Q2] → $7.09M (-$486K) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for HITI.
Financial journalist opinion
Based on 11 articles about HITI published over the past 30 days
Positive
Zacks Investment Research
2 days ago
High Tide (HITI) Is Considered a Good Investment by Brokers: Is That True?
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?
Neutral
PRNewsWire
1 week ago
High Tide to Open Two New Canna Cabana Stores in Alberta and Ontario
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.
Negative
MarijuanaStocks
1 week ago
Top Marijuana Stocks That Are Impacted By Federal Reform
Cannabis reform has played a big part in the way most marijuana stocks trade. But reform has been both bittersweet for consumers and business owners. For particular states in the US having legal cannabis is a certain victory for the culture. But in places like Florida quality is a big concern for consumers and the lack of proper quality control has impacted business dramatically. Which in turn has shaken some board members and shareholders for those companies that are publicly traded.
Neutral
PRNewsWire
2 weeks ago
High Tide to Open 75th Canna Cabana in Ontario
CALGARY, AB , Dec. 11, 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 5921 Perth Street, Richmond, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Saturday, December 14. This opening will mark High Tide's 189th Canna Cabana branded retail cannabis location in Canada, the 75th in the province of Ontario, and the first location in Richmond.
Neutral
Seeking Alpha
2 weeks ago
Undercovered Dozen: PagerDuty, SUSS MicroTek, High Tide, 8x8 +
The 'Undercovered Dozen' series highlights 12 lesser-known stocks, offering unique investment opportunities and encouraging community discussion on their potential. Kraken Robotics is rated HOLD by Dragon Rock Capital due to potential growth from a submarine battery deal, despite being currently overvalued by 20%. Uttam Dey sees Celestica Inc. as a BUY, driven by strong demand for its HPS networking switches and continued growth in the data center market.
Positive
Benzinga
3 weeks ago
NASDAQ-Listed High Tide Under The Magnifying Glass: Key Insights For Cannabis Investors
We've been offering some mid-term analysis for main cannabis stocks and now it's High Tide's HITI turn. The occasion couldn't be better, since the stock recently surged 21% in the previous rounds.
Positive
Seeking Alpha
3 weeks ago
High Tide: Strategic Expansions Drive Impressive Growth While Remaining Undervalued
I am bullish on High Tide due to its strategic expansions, particularly in Canada, which have driven significant revenue growth. HITI's impressive expansion included opening 23 new stores by July 2024, contributing to a 6% YoY revenue increase and a 12% market share in Canada. Despite challenges in the U.S. and international markets, the Company's strategic focus on e-commerce and potential physical store investments position it for future growth.
Positive
Seeking Alpha
3 weeks ago
High Tide: Cabana Club Goes Global
High Tide announced the global expansion of Cabana Club with CBD, accessory, and snack sales into the US, EU, and UK markets. The immediate earnings potential is limited, but the strategic potential of the brand's market expansion is significant. HITI stock remains undervalued despite a recent rally, and I estimate an upside of 47% into a fair value of $5.02 even with conservative international expansion and margin potential.
Positive
Benzinga
3 weeks ago
NASDAQ-Listed Weed Stock, High Tides Surges Over 21% In Last Two Sessions
Data from Benzinga Pro shows High Tide Inc. HITI shares experienced a significant surge, gaining over 21% in the last two trading sessions, closing at $3.47 on Monday, December 2.
Positive
Zacks Investment Research
3 weeks ago
High Tide Inc. (HITI) Hit a 52 Week High, Can the Run Continue?
High Tide (HITI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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