The the stock of company has fallen by 14.48% in the past month, lagging the Medical sector's gain of 0.48% and the S&P 500's loss of 0.21%. HITI's full-year Zacks Consensus Estimates are calling for earnings of -$0.03 per share and revenue of $374.14 million. These results would represent year-over-year changes of +66.67% and +3.48%, respectively. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafte ...

Shares of this company have returned -15.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Medical - Products industry, to which High Tide belongs, has gained 2.1% over this period. Now the key question is: Where could the stock be headed in the near term? Earnings Estimate Revisions We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a ...

To commemorate the 21st annual Jeep® Beach event in Daytona Beach, Florida, the Jeep brand is celebrating the Sunshine State with the debut of the new 2024 Jeep Gladiator High Tide Edition. The first High Tide Edition for Jeep Gladiator, launching exclusively for Floridians, delivers a distinct appearance combined with legendary Jeep 4x4 capability. To commemorate the 21st annual Jeep® Beach event in Daytona Beach, Florida, the Jeep brand is celebrating the Sunshine State with the debut of the new 2024 Jeep ...

The stock market rally has been showing no sign of stopping, and while most of it has been driven by Big Tech, it is worth looking into some little-known penny stocks. These stocks usually see huge breakouts and trade at big premiums during bullish rallies. We haven't seen that happen across most penny stocks just yet, but I think it's a good reason to buy up some high-potential names if you are willing to stomach the risks. Of course, many of these penny stocks are more than just short- to mid-term plays. ...

CALGARY, AB, June 28, 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 40 Great Plains Road, Emerald Park, Saskatchewan will begin selling recreational cannabis products and consumption accessories for adult use on Saturday, June 29. Additionally, its store located at 1 ...

CALGARY, AB, June 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 value across every component of cannabis, announced today that it has entered into a definitive asset purchase agreement dated June 25, 2024 (the "Purchase Agreement") pursuant to which High Tide will acquire a retail cannabis store in Mississauga, Ontario, currently operating as Cantopia for $600,000 (the "Tra ...

Core Insights - High Tide Inc. is expanding its retail footprint with the opening of its 173rd Canna Cabana location in Calgary, Alberta, which will start selling recreational cannabis products on June 21, 2024 [1][9] - The new store is strategically located in a high-traffic area, benefiting from residential traffic and proximity to a major shopping center [8] - The company aims to add 20 to 30 new stores in 2024, focusing on taking over existing cannabis retail locations to reduce build-out costs [11] Retail Operations - Canna Cabana is the largest non-franchised cannabis retail chain in Canada, with 173 locations across multiple provinces [10] - The company has established a discount club model, becoming the first cannabis discount club retailer in North America in 2021 [10] - High Tide operates a suite of e-commerce platforms and accessory sites globally, enhancing its retail presence [2] Market Position - High Tide is the second-largest cannabis retailer in North America by store count, with a diversified and fully integrated operation across all components of cannabis [12] - The company has been recognized as one of Canada's Top Growing Companies for three consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [14]

High Tide's Q2 report showed a year-over-year revenue increase of 5.2% into 124.3 million CAD, missing the estimated 127.5 million CAD by a couple of percentage points. The sales declined quarter-over-quarter due to the industry's seasonal weakness in especially February. The adjusted EPS came in at $0.00 compared to estimates of a normalized $0.02. In my previous article, I highlighted the importance of improved margins. The quarter came after High Tide showed a great margin improvement in Q4 and Q1, as th ...

This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced break-even earnings, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings c ...

Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and six months ended April 30, 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 and six months ended April 30, 2024 and 2023 Condensed Interim Consolidated Financial Statements for the three and six months ended April 30, 2024 and 2023. The accompanying unaudited condensed interim consolidated fi ...