Canaccord Reaffirms Buy on High Tide Inc. (HITI) Following German Cannabis Push

Core Insights - High Tide Inc. (NASDAQ:HITI) is recognized as a promising penny stock, with analysts at Canaccord Genuity Group maintaining a "Buy" rating and a price target of $7.25, driven by the company's expansion into the German cannabis market through the acquisition of Remexian [1] - The company has sustained growth in the Canadian cannabis retail sector, achieving a remarkable return of 154.68% over three years, significantly outperforming the market average of 62.39% [2] - High Tide Inc. holds the largest market share in Canadian cannabis retail, operating 207 Canna Cabana stores and utilizing a membership program to enhance customer retention [3] Company Overview - High Tide Inc. operates in the Canadian cannabis retail industry through two segments: Bricks and Mortar Operations and E-commerce Operations, and has been in business since 2009, focusing on integrating technology, data, and customer experience [4]