High Tide: Higher Margins Are Now The Base Scenario

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 ...