About HITI
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 fo... [Read more]
Industry Pharmaceutical Retailers
Sector Healthcare
Founded 2009
Employees 1,550
Stock Exchange NASDAQ
Ticker Symbol HITI
Full Company Profile
Financial Performance
In 2023, High Tide's revenue was $487.67 million, an increase of 36.66% compared to the previous year's $356.85 million. Losses were -$39.31 million, -45.22% less than in 2022.
Financial Statements
Analyst Forecast
According to one analyst, the rating for HITI stock is "Strong Buy" and the 12-month stock price forecast is $4.5.
Price Target
$4.5
(157.14% upside)
Analyst Consensus: Strong Buy
Stock Forecasts
News
High Tide Reports First Quarter 2024 Financial Results Featuring Record Revenue, Record Adjusted EBITDA, and Third Consecutive Quarter of Positive Free Cash Flow as well as Break-Even Net Income
First Quarter Results Include Revenue of $128.1 Million, Adjusted EBITDA of $10.4 Million, and $3.6 Million of Free Cash Flow This news release constitutes a "designated news release" for the purposes...
2 days ago - PRNewsWire
High Tide to Acquire Premium Canadian Cannabis Brand, Queen of Bud
CALGARY, AB , March 15, 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-worl...
3 days ago - PRNewsWire
High Tide Opens New Canna Cabana Location in Toronto, Ontario
CALGARY, AB , March 14, 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-worl...
4 days ago - PRNewsWire
High Tide Opens Second Canna Cabana in Mississauga, Ontario
CALGARY, AB , March 4, 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...
14 days ago - PRNewsWire
High Tide to Announce First Fiscal Quarter 2024 Financial Results
CALGARY, AB , March 1, 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...
17 days ago - PRNewsWire
High Tide Welcomes Passage of First Pillar of Germany's Cannabis Legalization Plan
CALGARY, AB , Feb. 23, 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...
24 days ago - PRNewsWire
High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50 for 2024
This Marks the Company's Second Time Making This Prestigious List in Three Years CALGARY, AB , Feb. 22, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (F...
25 days ago - PRNewsWire
High Tide Signs Limited Cannabis Distribution Agreement With Manitoba Liquor and Lotteries
CALGARY, AB , Feb. 13, 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...
4 weeks ago - PRNewsWire
High Tide Releases Audited 2023 Financial Results Featuring Record Fourth Quarter Revenue of $127.1 Million, Record Adjusted EBITDA of $8.4 Million and Record Free Cash Flow of $5.7 Million, Respectively
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 . ...
6 weeks ago - PRNewsWire
High Tide To Open First Canna Cabana Store in Fort McMurray, Alberta
CALGARY, AB , Jan. 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...
7 weeks ago - PRNewsWire
High Tide Founder and CEO, Raj Grover, Makes Grow Up's 2024 Top 50 Cannabis Leaders in Canada List
CALGARY, AB , Jan. 23, 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...
7 weeks ago - PRNewsWire
High Tide to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results
CALGARY, AB , Jan. 12, 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...
2 months ago - PRNewsWire
Canadian Cannabis Stocks to Keep an Eye On in Early 2024
This week, investors are turning their eyes to marijuana stocks and the Canadian cannabis sector, a rapidly growing area in the global market. As the industry evolves, Canadian stocks are emerging as ...
Other symbols: CRONSNDL
2 months ago - MarijuanaStocks
High Tide Resources Announces Results from Annual General Meeting and Option Grant
TORONTO, ON / ACCESSWIRE / January 2, 2024 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to provide an update from its Annual General Meeting ("AGM") which was held ...
2 months ago - Accesswire
High Tide Welcomes Doubling of Ontario Retail Cannabis Store Cap
Province Amends Ontario Regulation 468/18 Under the Cannabis Licence Act, 2018 to Increase the Number of Stores That Licensed Retail Cannabis Operators and Their Affiliates Can Operate From 75 to 150 ...
2 months ago - PRNewsWire
High Tide Recaps Key Milestones of 2023
The Company Also Announces $2.8 Million Paydown From Convertible Debenture Balance CALGARY, AB , Dec. 29, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) ...
2 months ago - PRNewsWire
High Tide to Open First Canna Cabana in Mississauga, Ontario
The Company Enters Ontario's Third-Largest City After Spearheading Efforts to Convince City Council to Opt-Into Cannabis Retail Sales. CALGARY, AB , Dec. 28, 2023 /PRNewswire/ – High Tide Inc. ("High...
2 months ago - PRNewsWire
High Tide Opens Second Canna Cabana in Kanata, Ontario
CALGARY, AB , Dec. 27, 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...
2 months ago - PRNewsWire
High Tide Opens 160th Canna Cabana Location, the First on Tsuut'ina Nation
CALGARY, AB , Dec. 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...
3 months ago - PRNewsWire
Ahead of the Curve: Cannabis Stocks with Potential for 2024
In 2024, the cannabis sector and top marijuana stocks remain a dynamic and evolving landscape, with ancillary and Canadian cannabis stocks standing out as areas of significant interest. Ancillary comp...
Other symbols: SNDLVFF
3 months ago - MarijuanaStocks
Top 3 Marijuana Penny Stocks Under $2: 2024 Watchlist
In the rapidly evolving world of cannabis investments, ancillary marijuana stocks present a unique opportunity for investors looking beyond the conventional market. These stocks, which represent compa...
Other symbols: ACBGNLN
3 months ago - MarijuanaStocks
3 Marijuana Stocks To Follow Before The Bell
Investing in marijuana stocks comes with high risk but what about high reward? Depending on how you trade it can be it is no secret the more you invest the more you can make. But with how unpredictabl...
Other symbols: GNLNVFF
3 months ago - MarijuanaStocks
These Marijuana Stocks Could Make Your Monday Watchlist
This upcoming year marijuana stock investors await to see what will occur. There is a split between optimism and increased fears of what will go wrong. Many are still stuck in disbelief that there has...
Other symbols: IMCC
3 months ago - MarijuanaStocks
High Tide to Open New Canna Cabana Store in Winnipeg, Manitoba
CALGARY, AB , Nov. 29, 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...
3 months ago - PRNewsWire
High Tide Opens New Canna Cabana Store in Former Kiaro Location
This New Store is the Second Canna Cabana Location to Open in Saskatoon CALGARY, AB , Nov. 28, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA)...
3 months ago - PRNewsWire
