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]

Industry Overview - The cannabis sector has faced a prolonged slump due to the lack of federal reforms, but recent comments from President Trump regarding marijuana rescheduling have sparked renewed optimism, leading to a surge in share prices [1] - A potential federal reclassification could significantly transform the industry by easing tax burdens, improving access to banking services, and facilitating broader medical and recreational adoption, with the market expected to exceed $160 billion by 2032 [2] Company Analysis: Village Farms International (VFF) - Village Farms International holds a Zacks Rank 1 and is one of the few cannabis operators consistently generating positive EBITDA and cash flow, with Q2 earnings showing a 690% year-over-year increase in international medical export sales [4][6] - The company has divested its lower-margin fresh-produce business to focus on higher-margin cannabis operations, maintaining its position as one of Canada's top three cannabis players and contributing $2.4 million in incremental Q2 revenues from shipments to the Netherlands [5] - EPS estimates for VFF have improved significantly, with 2025 estimates rising from a loss of 9 cents to earnings of 12 cents, and the stock has increased nearly 274% year to date [6] Company Analysis: Canopy Growth (CGC) - Canopy Growth, with a Zacks Rank 2, has been streamlining operations by exiting lower-margin businesses and selling non-core assets to enhance liquidity and reduce operating expenses [7] - The company's U.S. strategy through Canopy USA provides exposure to key recreational and medical cannabis markets, and federal rescheduling could accelerate the commercialization of its U.S. assets, creating new revenue streams [8] - Loss per share estimates for CGC have narrowed from 57 cents to 50 cents for 2025, and despite a 55% decline in stock price year to date, improvements in top- and bottom-line metrics are encouraging for investors [9] Company Analysis: High Tide (HITI) - High Tide, also holding a Zacks Rank 2, is recognized as one of Canada's fastest-growing cannabis retailers, operating over 170 branded retail locations and leveraging both physical and online sales channels [10] - Loss per share estimates for HITI have improved from 5 cents to 4 cents for 2025, with 2026 EPS rising from 5 cents to 11 cents, and the stock has seen a 9% increase, driven by strong operational performance and optimism regarding federal marijuana rescheduling [11][12]

Core Insights - High Tide Inc. (HITI) is entering the German medical cannabis market by acquiring a majority stake in Remexian, indicating a strategic expansion into Europe [1] Company Developments - The acquisition of Remexian marks a significant move for High Tide Inc. as it seeks to establish a foothold in the growing European medical cannabis sector [1] Market Context - The entry into the German market aligns with the increasing demand for medical cannabis in Europe, presenting potential growth opportunities for companies in this sector [1]

Core Insights - High Tide Inc. is expanding its retail presence by opening two new Canna Cabana locations in Saskatchewan and Ontario, increasing its total store count to 205 across Canada [1][2] Expansion Plans - The new Canna Cabana store in Saskatoon, Saskatchewan, began operations on August 18, 2025, while the Lasalle, Ontario location is set to open on August 25, 2025 [3][5] - The Saskatoon location is strategically positioned with high visibility and minimal competition, catering to a rapidly growing young demographic [4] - The Lasalle location is located in a new retail hub, serving a population of 24,000 residents within a five-minute drive and nearly 90,000 within ten minutes, also facing minimal competition [6] Company Overview - High Tide is recognized as the second-largest cannabis retail brand globally, with a diversified and fully integrated operation across all components of cannabis [7] - Canna Cabana is the largest cannabis retail chain in Canada, with 205 locations across various provinces [7] - High Tide operates innovative retail technologies and a suite of leading accessory e-commerce platforms, enhancing the consumer experience [8] Market Position and Recognition - High Tide has been acknowledged as 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]

Core Insights - The company anticipates record revenue and adjusted EBITDA growth for Q3 2025, exceeding analyst forecasts, driven by a projected 7.4% increase in same-store sales, the fastest growth rate in two years [1][3][12] Financial Guidance - Revenue is expected to be between CAD 147.0 million and CAD 150.0 million, reflecting a quarter-over-quarter increase of 7% to 9% and a year-over-year increase of 12% to 14% [2] - Gross margin is projected to be between CAD 38.5 million and CAD 40.0 million, with a quarter-over-quarter increase of 9% to 13% and a year-over-year increase of 9% to 13% [2] - Adjusted EBITDA is expected to range from CAD 9.6 million to CAD 10.6 million, indicating a quarter-over-quarter increase of 19% and a year-over-year increase of 0% to 10% [2] Strategic Expansion - The company is expanding its operations internationally, notably through the acquisition of a majority stake in Remexian Pharma GmbH in Germany, positioning itself as a global cannabis powerhouse [3][10] Upcoming Events - Full financial and operational results for Q3 2025 will be released on September 15, 2025, followed by a conference call on September 16, 2025 [4][5]

Corporate Updates - High Tide Inc. is making significant progress on a proposed transaction with a leading German medical cannabis importer and wholesaler, which is fully funded through a junior secured loan [2] - The company has appointed Sri Pavithra Priyalakshmi as Vice President of Digital and eCommerce, bringing over 11 years of global experience in eCommerce and digital transformation [3] - High Tide will participate in Canaccord Genuity's 45th Annual Growth Conference from August 12–14, 2025, with scheduled presentations and one-on-one meetings with institutional investors [4] Financial and Regulatory Developments - High Tide has filed a final short form base shelf prospectus to replace its expiring prospectus, allowing for financing opportunities up to C$100 million over a 25-month period [5][6] - The prospectus enables the company to offer various securities, including common shares and debt securities, and may be used for "at-the-market distribution" [8][9] - The company has retained an investor relations agency for a month to enhance communication with shareholders and the investment community, with a fee of USD $140,000 [12][13] Company Overview - High Tide is a leading retail-forward cannabis enterprise with a diverse portfolio, including Canna Cabana, which is the second-largest cannabis retail brand globally [14] - The company operates a suite of e-commerce platforms for cannabis accessories and has a strong brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [15][16] - High Tide has been recognized as one of Canada's Top Growing Companies and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [18]

High Tide Inc. (HITI) closed the most recent trading day at $2.21, moving +1.61% from the previous trading session. This change outpaced the S&P 500's 1.47% gain on the day. On the other hand, the Dow registered a gain of 1.34%, and the technology-centric Nasdaq increased by 1.95%. Coming into today, shares of the company had lost 6.47% in the past month. In that same time, the Medical sector lost 3.76%, while the S&P 500 gained 0.64%. Analysts and investors alike will be keeping a close eye on the performa ...

Core Viewpoint - High Tide Inc. (HITI) has experienced a significant decline in stock performance recently, with a return of -9.4% over the past month, contrasting with the S&P 500's +2.7% and the Zacks Medical - Products industry's -0.8% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for High Tide is a loss of $0.01 per share, reflecting a -200% change from the previous year, with a consensus estimate change of -100% over the last 30 days [4] - For the current fiscal year, the consensus earnings estimate is -$0.05, indicating a -25% change from the prior year, with no change in the estimate over the last 30 days [4] - The next fiscal year's consensus earnings estimate is $0.05, showing a +213.3% change from the previous year, although this estimate has decreased by -5.9% in the past month [5] Revenue Growth Forecast - High Tide's consensus sales estimate for the current quarter is $106.58 million, representing an +11% year-over-year change [10] - For the current fiscal year, the sales estimate is $416.27 million, indicating a +9.2% change, while the next fiscal year's estimate of $463.33 million reflects an +11.3% change [10] Last Reported Results and Surprise History - In the last reported quarter, High Tide generated revenues of $96.96 million, a +5.9% year-over-year increase, with an EPS of -$0.03 compared to $0 a year ago [11] - The reported revenues exceeded the Zacks Consensus Estimate of $96.73 million by +0.24%, while the EPS fell short by -50% [11] - Over the last four quarters, High Tide surpassed EPS estimates only once but exceeded revenue estimates each time [12] Valuation - High Tide is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [16] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [14][15] Bottom Line - High Tide's Zacks Rank 2 suggests potential for outperforming the broader market in the near term, despite recent stock performance challenges [17]