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High Tide Q3: Incredible Sales Momentum, Weaker Gross Margin (Rating Upgrade)
Seeking Alpha· 2024-09-18 08:41
I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...
High Tide (HITI) - 2024 Q3 - Earnings Call Transcript
2024-09-17 19:18
High Tide Inc. (NASDAQ:HITI) Q3 2024 Earnings Conference Call September 17, 2024 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and CEO Mayank Mahajan - CFO Conference Call Participants Scott Fortune - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Mike Regan - Excelsior Andrew Semple - Ventum Financial Doug Cooper - Beacon Securities Operator Good morning. My name is Nadia, and I'll be your conference operator today. At this time I would lik ...
High Tide Inc. (HITI) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-09-16 22:10
High Tide Inc. (HITI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a surprise of 100%. Over the last four quarters, the compa ...
High Tide (HITI) - 2024 Q3 - Quarterly Report
2024-09-16 20:01
Exhibit 99.1 Condensed Interim Consolidated Financial Statements For the three and nine months ended July 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 and nine months ended July 31, 2024 and 2023 Condensed Interim Consolidated Financial Statements for the three and nine months ended July 31, 2024 and 2023. The accompanying unaudited condensed interim consolidated fi ...
High Tide Reports Third Quarter 2024 Financial Results Featuring Record Revenue of $131.7 Million, and 2nd Consecutive Quarter of Positive Net Income
Prnewswire· 2024-09-16 20:01
The Company Also Reports 5th Consecutive Quarter of Positive Free Cash Flow With Trailing Free Cash Flow Totaling $21.8 Million and Achieves 12% Market Share in the Provinces where it Operates1, Up From 10% a Year Ago 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. High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars ...
Is It Worth Investing in High Tide (HITI) Based on Wall Street's Bullish Views?
ZACKS· 2024-09-13 14:36
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 ...
High Tide Announces Launch of Queen of Bud Branded White Label Products in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario
Prnewswire· 2024-09-12 10:00
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, Sept. 12, 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 stores in Britis ...
High Tide Inc. (HITI) Laps the Stock Market: Here's Why
ZACKS· 2024-09-11 22:56
High Tide Inc. (HITI) closed the most recent trading day at $2.22, moving +1.37% from the previous trading session. This change outpaced the S&P 500's 1.07% gain on the day. On the other hand, the Dow registered a gain of 0.31%, and the technology-centric Nasdaq increased by 2.17%. The company's stock has climbed by 11.17% in the past month, exceeding the Medical sector's gain of 3.34% and the S&P 500's gain of 2.92%. Market participants will be closely following the financial results of High Tide Inc. in i ...
Can HITI Stock Get a Boost From Bricks-and-Mortar Sales in Q3 Earnings?
ZACKS· 2024-09-09 15:15
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 ...
High Tide to Open Canna Cabana in Lucan, Ontario
Prnewswire· 2024-09-05 10:00
CALGARY, AB, Sept. 5, 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 389 Main Street, Lucan, Ontario will begin selling recreational cannabis products and consumption accessories for adult use tomorrow, September 6. This opening will mark High Tide's 183rd Canna Caban ...