These Marijuana Stocks Could See Higher Trading Levels This MonthMarijuana stock investors are starting to see the effects of how volatility plays a big part in the sector. This past week of trading has shown a slight increase in momentum. Much of which is based on improving rules and regulations in the cannabis industry. As well as other areas of business in the form of better quality control for cannabis.Plus the increase in production of the growing demand for cannabis products. All of the above contribu ...

Have you been paying attention to shares of High Tide Inc. (HITI) ? Shares have been on the move with the stock up 55.8% over the past month. The stock hit a new 52-week high of $2.69 in the previous session. High Tide Inc. has gained 60.1% since the start of the year compared to the 5.9% move for the Zacks Medical sector and the 5.9% return for the Zacks Medical - Products industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earning ...

Already the Second Largest Cannabis Retailer in North America by Store Count, The Company Now Becomes the Largest Cannabis Retailer in Canada's Fastest Growing City CALGARY, AB, April 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 value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 2901 Eglinton Avenue West, Mississ ...

Financial Data and Key Metrics - Revenue for Q1 2024 was $128.1 million, up 8% year-over-year and 1% sequentially, with brick-and-mortar revenue leading the growth at 16% year-over-year [25][41] - Adjusted EBITDA reached a record $10.4 million, up 25% sequentially and 90% year-over-year, with a margin of 8.1%, up from 4.7% in Q1 2023 [17][20] - Free cash flow was $3.6 million in Q1, marking a significant improvement from negative $847,000 a year ago, with $13.3 million generated over the last three quarters [15][21][26] - Income from operations was positive $2.8 million, a significant improvement from a loss of $3.9 million in Q1 2023, and the company broke even on net income [21][24] Business Line Performance - The brick-and-mortar segment grew 16% year-over-year, contributing over 90% of total revenue, with same-store sales up 7% year-over-year [25][40][42] - E-commerce revenue declined, weighing on consolidated revenue growth, but the segment maintained positive EBITDA similar to a year ago [17] - ELITE membership grew to over 32,000 paid members, with ELITE offerings now representing 12% of in-store inventory, up from less than 2% a year ago [16] Market Performance - In Ontario, the largest market, the average Canna Cabana store achieved a $3.5 million annual revenue run rate, 3.1x higher than the provincial peer average of $1.2 million [18] - Total sales in the five provinces where the company operates were down 6% sequentially, but the company outperformed the market with consistent same-store sales [18] Strategy and Industry Competition - The company focuses on generating positive free cash flow and organic growth, with plans to reaccelerate store expansion, particularly in Ontario, targeting 20-30 new stores this year [15][38][66] - The acquisition of the Queen of Bud brand for $1 million is expected to enhance the company's product portfolio and margins, with plans to expand the brand internationally [22][79][80] - The company aims to increase ELITE membership offerings to 20-30% of in-store inventory, leveraging its discount club model to drive customer loyalty and higher margins [16][89] Management Commentary on Operating Environment and Future Outlook - Management highlighted the inflationary environment and slower holiday sales as factors impacting the overall market, but the company's discount club model continues to outperform [55] - The company is optimistic about M&A opportunities in 2024, though the pace has been slower due to a lack of quality acquisition targets [38][105] - Management expects to reach double-digit adjusted EBITDA margins in the long term, driven by cost controls, scale, and the discount club model [17][20] Other Important Information - General and administration expenses fell to $5.6 million, the lowest in nine quarters, representing 4.4% of revenue, down from 6.3% in Q1 2023 [19][51] - The company ended the quarter with $28.7 million in cash and total debt of $28.4 million, with a debt-to-EBITDA ratio of 0.7x [52] - The company was named to the TSX Venture 50 list for the second time in three years, reflecting its strong performance in the cannabis retail sector [49] Q&A Session Summary Question: Impact of potential excise tax reduction on the business [3] - The company is monitoring potential excise tax changes, which could benefit the industry by improving the financial health of licensed producers (LPs) [4][5] Question: Gross margin improvement drivers [54] - Gross margin improvement was driven by the Cabanalytics platform and ad revenue, with the company maintaining a neighborhood-specific gross margin strategy [54] Question: Market softness and recovery trends [55] - The company noted a slowdown in retail sales due to inflation but remains confident in its discount club model, which outperformed the market [55] Question: Excise tax enforcement and its impact on Cabanalytics [57] - The company is monitoring stricter excise tax enforcement but expects its data analytics platform to offset potential near-term pressures [57][58] Question: Brand strategy and Queen of Bud acquisition [59][79] - The acquisition of Queen of Bud is part of the company's strategy to expand its brand portfolio, with plans to leverage the brand internationally and improve margins [79][80] Question: Ontario store expansion and market saturation [66] - The company plans to add 20-30 stores in Ontario this year, focusing on high-quality locations despite market saturation [66][86] Question: ELITE membership and inventory management [88][90] - ELITE membership growth is accelerating, with inventory allocation increasing to 12%, and the company maintains tight inventory control with cannabis inventory days on hand at 16-17 days [88][90][91] Question: Free cash flow and M&A outlook [100][104] - Free cash flow is expected to be lumpy due to working capital requirements, but the company remains focused on maintaining positive free cash flow while pursuing selective M&A opportunities [100][104][105]

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three months ended January 31, 2024 and 2023 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statements For the three months ended January 31, 2024 and 2023 Condensed Interim Consolidated Financial Statements for the three months ended January 31, 2024 and 2023. The accompanying unaudited condensed interim consolidated financial statements ...

High Tide Inc. (NASDAQ:HITI) Q3 2023 Earnings Conference Call September 15, 2023 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance & Listing Raj Grover - Founder, President & CEO Sergio Patino - CFO Conference Call Participants Matt Bottomley - Canaccord Genuity Andrew Partheniou - Stifel Nicolaus Canada Inc. Scott Fortune - ROTH MKM Frederico Gomes - ATB Capital Markets Andrew Semple - Echelon Wealth Partners Operator Good morning. My name is Carla, and I will be your conferen ...

Approved on behalf of the Board: (Signed) "Harkirat (Raj) Grover" (Signed) "Nitin Kaushal" Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended July 31, 2023 and 2022 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statement For the three and nine months ended July 31, 2023 and 2022 Condensed Interim Consolidated Financial Statements for the three and nine months ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2023 was $118.1 million, up 46% year-over-year and consistent sequentially despite three fewer days in the quarter [5][52] - Adjusted EBITDA reached a record $6.6 million, representing a 174% increase year-over-year and a 20% sequential increase, marking the 13th consecutive quarter of positive adjusted EBITDA [6][29] - Fully diluted earnings per share showed a loss of $0.02, significantly improved from a loss of $0.14 in Q2 2022 and a loss of $0.05 in Q1 2023 [6][52] - Cash flows from operations before changes in non-cash working capital were $5.5 million, marking a 241% increase year-over-year [45][54] Business Line Data and Key Metrics Changes - General and Administrative (G&A) expenses decreased to $6.2 million, down $1.3 million sequentially, and represented 5% of revenue in Q2 2023 compared to 6% in Q1 2023 [8][19] - Same-store sales increased by 30% year-over-year and 1% sequentially, with average daily same-store sales up 5% sequentially for the quarter [35][101] - Consolidated gross margin remained consistent at 27%, with gross profit of $31.6 million, up 39% year-over-year [16][62] Market Data and Key Metrics Changes - Canadian revenue represented 88% of total revenue, continuing to be the main focus and driver of growth [16] - The company's market share outside Quebec rose to 9.5% in Q2 from 9% in Q1, marking the seventh consecutive quarter of gains [40] - The average store in Ontario generates more than 3.5 times the revenue of provincial peers, while Alberta stores generate more than twice as much [10] Company Strategy and Development Direction - The company aims to become free cash flow positive by the end of the calendar year, focusing on operational efficiency and cost control [37][50] - Plans to expand retail presence include adding six to eight new locations in the second half of the year, with a long-term goal of achieving 15% market share [31][80] - The company is exploring M&A opportunities, particularly in light of recent market consolidations, while remaining disciplined in its approach [66][80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued same-store sales growth despite a challenging market environment, anticipating that the number of stores will decline while total industry sales expand [48][101] - The company highlighted the importance of navigating the current macroeconomic challenges and maintaining a strong balance sheet [11][36] - Management noted that the illicit market still represents a significant portion of retail sales, indicating potential for growth if this share can be reclaimed [111] Other Important Information - The company ended the quarter with $22.5 million in cash and is in discussions to increase its credit line with ConnectFirst [20][36] - The company has seen a significant increase in its Cabana Club membership, reaching over 1 million members, which is the largest loyalty program in Canadian cannabis retail [47] - The company is focused on enhancing its ELITE offerings, aiming for 25% to 30% of product selection to be ELITE only [53] Q&A Session Summary Question: Comments on competitive landscape and consolidation opportunities - Management acknowledged the recent challenges faced by competitors and indicated that this could present opportunities for High Tide to acquire quality assets [22][56] Question: Plans for new store growth and cash flow generation - Management confirmed plans to open more stores in the second half of the year while maintaining a focus on free cash flow generation [32][59] Question: E-commerce performance and adjusted EBITDA - Management stated that e-commerce sales have slowed but are still generating adjusted EBITDA, with a focus on maintaining operational efficiency [75][76] Question: Free cash flow guidance and capital allocation plans - Management emphasized the goal of achieving free cash flow positivity and indicated plans to accelerate growth through organic expansion and potential M&A opportunities once this is achieved [78][80] Question: G&A cost savings and advertising spend - Management reported significant reductions in G&A expenses and noted a strategic decrease in advertising spend in response to market conditions [82][95]

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and six months ended April 30, 2023 and 2022 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statement For the three and six months ended April 30, 2023 and 2022 Condensed Interim Consolidated Financial Statements for the three and six months ended April 30, 2023 and 2022. The accompanying unaudited condensed interim consolidated fin ...

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