High Tide Inc.

HITI

CA42981E4013

Drug Retailers

Market Closed - Toronto S.E. Other stock markets 03:58:06 2024-06-26 pm EDT			5-day change	1st Jan Change
3.02 ^CAD	0.00%		-12.21%	+41.78%

Jun. 26	High Tide to Acquire Retail Cannabis Store in Ontario for $600,000	MT
Jun. 26	High Tide Brief: Acquiring Mississauga Retail Cannabis Store	MT

High Tide Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2023

January 29, 2024 at 04:02 pm EST

High Tide Inc. reported earnings results for the fourth quarter and full year ended October 31, 2023. For the fourth quarter, the company reported sales was CAD 127.11 million compared to CAD 108.25 million a year ago. Net loss was CAD 31.81 million compared to CAD 52.5 million a year ago. Basic loss per share from continuing operations was CAD 0.39 compared to CAD 0.85 a year ago.
For the full year, sales was CAD 487.67 million compared to CAD 356.85 million a year ago. Net loss was CAD 39.31 million compared to CAD 71.76 million a year ago. Basic loss per share from continuing operations was CAD 0.53 compared to CAD 1.14 a year ago.

Latest news about High Tide Inc.

High Tide to Acquire Retail Cannabis Store in Ontario for $600,000	Jun. 26	MT
High Tide Brief: Acquiring Mississauga Retail Cannabis Store	Jun. 26	MT
High Tide Down 3% as Says to Open 80th Cannabis Retail Store in Alberta	Jun. 20	MT
High Tide to Open 80th Cannabis Retail Store in Alberta	Jun. 20	MT
High Tide Brief: Says to Open 80th Canna Cabana in Alberta	Jun. 20	MT
High Tide to Open 80Th Canna Cabana in Alberta	Jun. 20	CI
Transcript : High Tide Inc., Q2 2024 Earnings Call, Jun 14, 2024	Jun. 14
High Tide Edges Up After Hours as It Reports a Fiscal Second-Quarter Profit on Higher Sales	Jun. 13	MT
High Tide Brief: Reports a Fiscal Q2 Profit of $0.17 Mln, or Nil per Share, From a Yr-Ago Loss of $1.57 Mln, or $0.02, While a Loss of $0.02 per Share Expected	Jun. 13	MT
High Tide Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2024	Jun. 13	CI
High Tide to Raise 15 Million Canadian Dollars in Subordinated Debt	Jun. 13	MT
High Tide to Raise $15 Million in Subordinated Debt	Jun. 13	MT
High Tide Inc. announced that it expects to receive CAD 15 million in funding	Jun. 12	CI
High Tide Inc. to Open First Canna Cabana in Huntsville, Ontario	Jun. 04	CI
High Tide Cheers Alberta's Decision to Allow Private Label Cannabis Sales	Jun. 04	MT
High Tide Opens First Canna Cabana in Huntsville, Ontario	Jun. 03	MT
High Tide Brief: Says Will release its financial and operational results for the quarter ended April 30, 2024, after financial markets close on Thursday, June 13, 2024	May. 28	MT
High Tide Inc. Opens First Canna Cabana in Pickering, Ontario	May. 14	CI
High Tide Brief: Opening First Canna Cabana in Pickering, Ontario	May. 13	MT
High Tide Opens Second Canna Cabana in Ajax, Ontario; Is 170th Store in Canada	May. 06	MT
High Tide Brief: Opening Second Canna Cabana in Ajax, Ontario; New Store Represents Canna Cabana's 170th Location Nationwide	May. 06	MT
High Tide Opens Second Canna Cabana in Ajax, Ontario	May. 06	CI
High Tide Brief: Opening Canna Cabana in Owen Sound, Ontario; New Store Represents Canna Cabana's 60th Location in the Province of Ontario	May. 02	MT
High Tide Opens Canna Cabana in Owen Sound, Ontario	May. 02	CI
High Tide Brief: Announcing that Mayank Mahajan has joined in the role of Chief Financial Officer.	May. 01	MT

Chart High Tide Inc.

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Company Profile

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Companyâs United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Companyâs Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Companyâs Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.

Sector

Drug Retailers

Calendar

2024-07-09 - Annual General Meeting

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Ratings for High Tide Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.02 CAD

Average target price

5.5 CAD

Spread / Average Target

+82.12%

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Sector Cannabis Product Retailers

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Cannabis Product Retailers

High Tide Inc.

Equities

HITI

CA42981E4013

Drug Retailers

High Tide Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2023

EPS Revisions