Market Sentiment - The CNN Money Fear and Greed index showed a slight decline, remaining in the "Neutral" zone with a reading of 54.2, down from 54.5 [5] - U.S. stocks settled mixed, with the Dow Jones index falling more than 250 points during the session [1][3] Company Performance - Adobe Inc. reported better-than-expected third-quarter results and raised its fiscal 2025 outlook [2] - IBEX Ltd. shares surged over 36% after reporting better-than-expected fourth-quarter financial results and issuing FY26 sales guidance above estimates [2] Economic Indicators - The University of Michigan consumer sentiment index declined to 55.4 in September from 58 in August, below market estimates of 58 [2] Sector Performance - Most sectors on the S&P 500 closed negatively, with industrials, health care, and materials stocks recording the largest losses [3] - Consumer discretionary and utilities stocks closed higher, bucking the overall market trend [3] Upcoming Earnings - Investors are awaiting earnings results from Hain Celestial Group Inc., High Tide Inc., and Dave & Buster's Entertainment Inc. [4]

With U.S. stock futures trading slightly higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Hain Celestial Group Inc. HAIN to report quarterly earnings at 3 cents per share on revenue of $371.46 million before the opening bell, according to data from Benzinga Pro. Hain Celestial shares gained 1.9% to $2.19 in after-hours trading.MBody AI and Check Cap Ltd. CHEK announced that they have entered into a definitive merger agreement. Check-Cap ...

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Accessibility StatementSkip Navigation CALGARY, AB, Sept. 12, 2025 /PRNewswire/ -Â 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 executives of the Company will present at several upcoming investor conferences. "These conferences are an important chance to connect directly with investors and share how High Tide's growth story can transl ...

Core Insights - High Tide's Canna Cabana retail cannabis store has shown consistent growth, reaching 203 locations across Canada by July 2025, with significant expansions in Alberta and Ontario [1][8] - Canna Cabana achieved a 12% market share in the cannabis retail market, with stores generating 2.3 times the revenue of competitors [2][8] - The Canadian legal cannabis market was valued at $3.25 billion in 2024, with a projected CAGR of 12% from 2025 to 2030, driven by federal legalization and increased health awareness [3] Company Performance - High Tide's shares increased by 76.2% over the past year, significantly outperforming the industry growth of 3.3% and the S&P 500's 15.5% [7] - The company reported approximately $6.8 million in retail sales from April 17 to April 20, 2025 [2] Market Dynamics - The Ontario government increased the cannabis retail store cap from 75 to 150 locations, enhancing High Tide's growth potential in the largest cannabis market in Canada [3][8] - Peer companies like Village Farms and Aurora Cannabis are also experiencing significant growth, with Village Farms reporting a 690% increase in international medical export sales and Aurora Cannabis seeing an 85% rise in international medical cannabis sales [4][6] Valuation Metrics - High Tide currently trades at a forward Price-to-Sales (P/S) ratio of 0.55X, compared to the industry average of 5.60X, indicating a discounted valuation [9]

Core Insights - High Tide Inc. has completed the acquisition of a 51% interest in Remexian for an estimated purchase price of €26.4 million, with a five-year option to acquire the remaining 49% [1][4][6] - This acquisition marks High Tide's expansion into the European cannabis market, positioning the company as a global player in the industry [2][3] Transaction Details - The acquisition implies an enterprise valuation of €53.4 million, representing 3.64065 times annualized Adjusted EBITDA for the six months ended March 31, 2025 [4] - The purchase price of €26.4 million consists of €7.65 million in cash, €7.65 million via a loan with a 7% annual interest, and 5,864,373 High Tide shares valued at €11.1 million [5] - The transaction has been conditionally approved by the TSXV and is awaiting final approval [5] Strategic Implications - The acquisition diversifies High Tide's revenue base beyond Canada and provides a pathway for expansion across Europe's regulated cannabis markets [3] - High Tide's proven track record of disciplined growth and free cash flow generation is expected to support its long-term global leadership ambitions [3] Future Options - High Tide has a Call Option to acquire the remaining interests in Remexian at an enterprise value based on Adjusted EBITDA, with a minimum price of €15 million [6] - The Call Option can be exercised at different valuations depending on the timing, while a Put Option allows Remexian's owners to sell their remaining interests back to High Tide [6]

Core Viewpoint - High Tide Inc. (HITI) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook based on rising earnings estimates, which are a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Recent Performance of High Tide - High Tide's earnings estimates have been revised upward, with a 42.9% increase in the Zacks Consensus Estimate over the past three months [8]. - For the fiscal year ending October 2025, the expected earnings per share for High Tide is -$0.04, unchanged from the previous year [8]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - High Tide's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Viewpoint - High Tide (HITI) is positioned as a strong investment opportunity in the cannabis sector, with positive growth projections and a favorable Zacks Rank of 2 (Buy) [1] Company Overview - High Tide, Inc. is a retail-focused cannabis company involved in the manufacture and distribution of consumption accessories, operating through Retail, Wholesale, and Corporate segments [2] - The company offers various brands including Canna Cabana, Fastendr, Grasscity, and others, and was founded in 2009, headquartered in Calgary, Canada [2] Earnings History - High Tide has experienced three consecutive misses of the Zacks Consensus Estimate, alongside one beat, with the most recent earnings showing a loss of -$0.03 against a consensus of -$0.02, resulting in a positive earnings surprise of 50% [4] Earnings Estimates Revisions - Earnings estimates for High Tide have been revised upward, with the full year 2025 loss estimate improving from -$0.05 to -$0.04, and 2026 estimates increasing from a gain of $0.06 to $0.11 [5] Growth Projections - Analysts project revenue of $421 million for the current fiscal year, indicating a 10.7% growth, with expectations of $548 million in the next fiscal year, representing a 29.9% sales growth [6] Valuation Metrics - High Tide does not have a forward PE ratio, but the projected multiple for the end of the next fiscal year is 31x, with a low price to book ratio of 2.9x and a price to sales ratio of 0.74x [7]

Core Viewpoint - High Tide Resources Corp. has successfully closed a non-brokered private placement offering of 7,500,000 common shares at a price of $0.05 per share, raising gross proceeds of up to $375,000 [1][2]. Group 1: Offering Details - The net proceeds from the offering will be allocated for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes [2]. - The offering is subject to final acceptance by the Canadian Securities Exchange (CSE) and the common shares will be under a hold period of four months and one day from the closing date [2]. Group 2: Insider Participation - Certain directors and insiders subscribed to the offering for a total of 2,300,000 common shares, which constitutes a related party transaction as defined under Multilateral Instrument 61-101 [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as insider participation does not exceed 25% of the fair market value of the company's market capitalization [3]. Group 3: Company Overview - High Tide Resources is focused on developing mineral projects critical to infrastructure, owning a 100% interest in the Labrador West Iron Project, which has an inferred iron resource of 654.9 million tonnes at 28.84% Fe [5][6]. - The Labrador West Iron Project is located adjacent to IOCC's Carol Lake Mine in Labrador City, NL, and the technical report was filed on SEDAR on April 6, 2023 [5]. - The company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometers southeast of Fermont, Quebec [6].

Company Overview - High Tide Inc. (HITI) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Price Performance - HITI shares have increased by 22.58% over the past week, significantly outperforming the Zacks Medical - Products industry, which rose by 2.32% during the same period [6] - Over the past quarter, HITI shares have risen by 53.42%, and they are up 75% over the last year, while the S&P 500 has only moved 9.37% and 14.67%, respectively [7] Trading Volume - The average 20-day trading volume for HITI is 601,249 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for HITI has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from -$0.05 to -$0.04 [10] - For the next fiscal year, two estimates have been revised upwards, with no downward revisions noted [10] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, HITI is recommended as a solid momentum pick for investors [12]