Core Insights - High Tide Inc. plans to open 29 new stores across Canada by the end of 2024, achieving its goal of adding 20 to 30 locations this year [4] - The company has successfully opened its 190th and 191st Canna Cabana retail cannabis locations in Canada, with significant expansions in Alberta and Ontario [1][4] - High Tide aims to reach a total of 300 locations nationwide in the coming years, indicating strong growth potential in the cannabis retail market [5] Company Expansion - The new Canna Cabana store in Hinton, Alberta, is strategically located near Jasper National Park, serving as a key retail point for visitors [2] - The Pembroke, Ontario location is positioned along a main road with limited competition, enhancing its market potential [3] - High Tide operates 84 locations in Alberta and has surpassed 75 stores in Ontario, with plans to double its presence in the latter province [4] Financial Performance - The company's growth is supported by strong free cash flow, allowing for expansion without depleting cash reserves [4] - High Tide is recognized as the largest cannabis retailer in Alberta and the second-largest globally by store count [6][11] Retail Innovation - High Tide utilizes Fastendr™, an automated technology that enhances the retail experience through kiosks for browsing, ordering, and pickup [7] - The company operates a suite of e-commerce platforms for consumption accessories, further diversifying its revenue streams [7] Industry Recognition - High Tide has been named one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [11]

Group 1 - The company is bullish on HITI due to its continuous strategic expansions, particularly in Canadian provinces while also considering opportunities in the U.S. and U.K. markets [1] - The investment approach focuses on breaking down complex problems into basic elements related to finance and technology, which helps in uncovering overlooked investment opportunities [1] - The analyst has a strong background in investment, private equity, and venture capital, with a proven track record of delivering strong returns [1] Group 2 - The articles published on Seeking Alpha emphasize emerging technologies, sustainable investing, and the intersection of innovation and finance [1] - The analyst expresses a passion for sharing insights and learning from fellow investors to drive positive change and contribute to a more sustainable and innovative world [1]

Company Performance - High Tide Inc. (HITI) shares have increased by 14% over the past month and reached a new 52-week high of $3.3, marking a 100% gain since the start of the year [1] - The company reported earnings per share (EPS) of $0.01 in its last earnings report on September 16, 2024, surpassing the consensus estimate of $-0.02 [2] - For the current fiscal year, High Tide is expected to post earnings of $0.04 per share on revenues of $380.89 million, with a projected year-over-year earnings growth of 450% [3] Valuation Metrics - High Tide has a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of A [6] - The stock currently trades at 93.1X current fiscal year EPS estimates, which is a premium compared to the peer industry average of 26.7X [6] - On a trailing cash flow basis, High Tide trades at 12.6X, slightly above the peer group's average of 12.5X [6] Zacks Rank - High Tide holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [7] - The recommendation for investors is to select stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating that High Tide fits this criterion [7] Industry Comparison - The Medical - Products industry is performing well, ranking in the top 32% of all industries, providing a favorable environment for both High Tide and its peer, Phibro Animal Health Corporation (PAHC) [10] - PAHC has a Zacks Rank of 2 (Buy) and has shown strong earnings performance, beating consensus estimates by 52.17% last quarter [9]

CALGARY, AB, Nov. 25, 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 2432 Eglinton Avenue East, Scarborough, Ontario has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 188th Canna Cabana branded r ...

CALGARY, AB, Nov. 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 1508 Upper James Street, Hamilton, Ontario will begin selling recreational cannabis products and consumption accessories for adult use this week. This opening will mark High Tide's 187th Canna Cabana ...

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.CALGARY, AB, Nov. 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 value across every component of cannabis, announced today that it has closed the Final Tranche (as defined herein) ...

High Tide Inc. (HITI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +31.1% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Medical - Products industry, to which High Tide belongs, has gained 0.6% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors ...

CALGARY, AB, Oct. 24, 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 97 Bath Road, Kingston, Ontario, will begin selling recreational cannabis products and consumption accessories for adult use as of 4:20 PM on October 31st, 2024. This opening will mark High Tide's 18 ...

CALGARY, AB, Oct. 10, 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 3406 Dundas Street W, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Sunday, October 13. This opening will mark High Tide's 185th Cann ...

This Opening Represents the 70th Canna Cabana Location in Ontario CALGARY, AB, Oct. 7, 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 its Canna Cabana retail cannabis store located at 201 Danforth Avenue, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use today. Thi ...