High Tide (HITI) is set to release results for the third quarter of fiscal 2024 on Sept. 16 after market close. The prominent retail cannabis player posted breakeven earnings per share in the last reported quarter against the Zacks Consensus Estimate of a loss of 1 cent. The company topped earnings estimates in each of the trailing four quarters, the average surprise being 97.92%. During the third quarter of fiscal 2024, HITI stock declined 16.4% against the industry's 1.2% rise. Q3 Estimates for HITI For t ...

Core Insights - High Tide Inc. is expanding its retail cannabis operations with the opening of its 183rd Canna Cabana location in Lucan, Ontario, marking the first licensed retail cannabis store in the area [1][3] - The new store is strategically located between London, Ontario, and Grand Bend, in a rapidly growing retail plaza with various anchor tenants [2] - The company aims to reach 300 Canna Cabana locations across Canada, focusing on underserved areas, while competitors face financial difficulties [3] Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a fully integrated operation across all cannabis components [6] - Canna Cabana is the largest cannabis retail chain in Canada, with 183 locations across multiple provinces [6] - High Tide operates various e-commerce platforms for cannabis accessories and has a diverse brand portfolio, including Queen of Bud and Cabana Cannabis Co [7][8] Recent Developments - The company has launched a new website and is preparing for its third fiscal quarter filing, indicating ongoing growth and innovation [4] - High Tide has granted 60,000 incentive stock options to employees, reflecting its commitment to employee engagement and retention [5] Industry Position - High Tide has been recognized as one of Canada's Top Growing Companies for three consecutive years and ranked highly in the retail category of the Financial Times' list of Americas' Fastest Growing Companies for 2023 [10]

CALGARY, AB, Sept. 3, 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 at 8:00 PM Mountain Time tonight, it will re-launch the website of its flagship Canadian bricks-and-mortar retail brand, Canna Cabana, which represents more than 90 per cent of the Company's revenue. The new website features the latest tech, resulting in ...

The latest trading session saw High Tide Inc. (HITI) ending at $1.92, denoting a +1.59% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.6%. On the other hand, the Dow registered a loss of 0.39%, and the technology-centric Nasdaq decreased by 1.12%. Prior to today's trading, shares of the company had gained 3.28% over the past month. This has lagged the Medical sector's gain of 4.78% and outpaced the S&P 500's gain of 3.15% in that time. The investment community will be ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about High Tide Inc. (HITI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. High Tide currently has an average brokerage recommenda ...

High Tide Continues to Grow its Presence in Mississauga with the Opening of its Seventh Canna Cabana in Ontario's Third Largest City CALGARY, AB, Aug. 22, 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 will release its financial and operational results for the quarter ended July 31, 2024, after financial markets c ...

In the latest market close, High Tide Inc. (HITI) reached $1.99, with a +1.53% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, added 0.57%. The company's stock has climbed by 1.03% in the past month, falling short of the Medical sector's gain of 4.9% and the S&P 500's gain of 1.77%. The investment community will be paying close attention to the earnings performance of High Tide Inc. in its upcom ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about High Tide Inc. (HITI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. High Tide currently has a ...

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, Aug. 2, 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, is pleased to announce the initial closing of its previously disclosed s ...

Alberta Ontario "I can't think of a better way to end our third fiscal quarter than by announcing the opening of four new Canna Cabanas, bringing our ever-expanding store count to 180 across Canada and 65 in Ontario. Many of these new stores are part of our organic expansion strategy, which includes onboarding proven locations previously run by competitors through lease takeovers, resulting in minimal store buildout costs. Since January 1, we have already added 18 new Cabanas to our retail portfolio and are ...