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High Tide Inc. (HITI)

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Last Post: 1/27/2022 5:48:42 PM - Followers: 86 - Board type: Free - Posts Today: 0


 (soon to be on Nasdaq)

Leading Canadian Cannabis Retailer with 70 Operating Retail Locations and $148 million in Annualized Revenue.






High Tide 2021 Highlights:
MAY 13, 2021 High Tide completed a 15:1 reverse stock split with the sole intention of preparing for uplisting to Nasdaq.  The company is on file as stating that they believe that they will be uplisted by the end of May.  Since the R/S, the stock price has started to trend upwards which will only be seen to continue aggressively once it is uplisted and more retail investors and much larger wholesale investors can buy into the stock.

MARCH 22, 2021 High Tide announced their filing of Form 40-F with the SEC, which is a major milestone in the road towards being listed on the Nasdaq,  A copy of the form can be seen on the company's website.   
"We were the first Canadian cannabis retailer to pursue this prestigious listing on Nasdaq and we believe it will allow us to greatly expand our shareholder base, enhance shareholder value and accelerate our already aggressive M&A initiatives in Canada, Europe and the United States," said Raj Grover, President and Chief Executive Officer of High Tide. "We are currently in several discussions with potential acquisition targets in these jurisdictions and look forward to updating the market soon," added Mr. Grover.

High Tide Recaps Milestones of 2020
DECEMBER 29, 2020CALGARY, AB, Dec. 29, 2020 /CNW/ – High Tide Inc. (“High Tide” or the “Company“) (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is thankful to reflect on its most important milestones of 2020 and their strategic significance for the Company going forward. From the acquisition of Meta Growth Corp. (“Meta”), to the expansion of its large cannabis retail position in Ontario, to being the first member of its peer group to report positive adjusted EBITDA, High Tide is emerging from an otherwise challenging year as a strong enterprise that is ready to capitalize on the opportunities of 2021.

High Tide’s 2020 Highlights:
Acquired Meta to become the largest retailer in Canada by revenue, which increased High Tide’s store count from 37 to 67 locations. Adjusted EBITDA for the three months ended July 31, 2020 was $3.96 million compared to $1.94 million for the second quarter ended April 30, 2020.Total revenue increased by 184% for the nine-month period ended July 31, 2020, as compared to same period last year.E-commerce revenue increased by 137% during the year and launched CBDcity.com in May of 2020.Gross profit margin for the three months ended July 31, 2020 increased to 40%, which leads the Company’s peer group.Over 55% of daily retail cannabis transactions are currently conducted by Cabana Club members.Launched Valiant Distribution to streamline the distribution and sales of wholesale products.Improved the Company’s balance sheet through several transactions, most notably including restructuring $10.8 million of debt into an interest-free debenture due in 2025.For the period ended July 31, 2020, 23% of the Company’s revenue was generated in the US.First Canadian or U.S. cannabis retailer to apply to list on Nasdaq.

High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 70 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide’s retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses including e-commerce platforms Grasscity.com and CBDcity.com, and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Aphria Inc. (TSX:APHA) (NYSE:APHA) and Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB)

Interview: Chief Revenue Officer Andy Palalas joined "Regulated" podcast

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HITI News: High Tide Announces Appointment of New Chief Technology Officer and Provides Timing for Release of Second Quarter 2022 Financial Results and Webcast 05/09/2022 02:00:00 AM
HITI News: High Tide Closes Acquisition of Crossroads Cannabis, Adding Three Established Retail Cannabis Stores in Ontario 04/27/2022 02:00:00 AM
HITI News: High Tide Reports Approximately $1.37 Million in Retail Sales on 4/20 and Releases Updated Cabana Club Membership Numbers 04/25/2022 02:00:00 AM
HITI News: High Tide Closes Acquisition of Boreal Cannabis, Adding Two Established Retail Cannabis Stores in Northern Alberta 04/22/2022 02:00:00 AM
HITI News: High Tide to Open Two New Canna Cabana Retail Cannabis Stores to Mark 4/20 Holiday 04/19/2022 02:00:00 AM
#1726   $HITI ~ Good earnings beat after market Protocola 01/27/22 05:48:42 PM
#1725   They are moving further into the CBD space. happyglass 11/28/21 11:13:58 PM
#1724   Sadly, I just found out Hiti has closed happyglass 11/28/21 02:57:20 PM
#1723   $HITI cannabis companies cut 6,000 jobs during COVID-19 pandemic BottomBounce 11/22/21 11:03:42 AM
#1722   What happened to our mods, come back JohnCM ? Protocola 11/15/21 03:14:06 PM
#1721   I see why the price tanked today. happyglass 10/21/21 11:47:15 PM
#1720   https://www.prnewswire.com/news-releases/high-tide-reports-third-quarter-2021-fi happyglass 09/15/21 02:17:46 PM
#1719   I'll take a look! JohnCM 09/08/21 11:47:52 AM
#1718   I posted an interview on the canopy board, happyglass 09/08/21 12:35:20 AM
#1717   I mentioned earlier. I think we are within JohnCM 08/28/21 11:09:37 PM
#1716   I think that is about to turn around. happyglass 08/28/21 10:44:59 PM
#1715   The entire sector is trampled. JohnCM 08/28/21 06:04:46 PM
#1714   If people knew, the price would be much happyglass 08/28/21 03:44:08 PM
#1713   High Tide Announces the Elimination of All META JohnCM 08/27/21 12:05:54 PM
#1712   How could someone possibly not have a clue? JohnCM 08/21/21 01:12:20 PM
#1711   So funny that nobody seems to have a happyglass 08/20/21 08:27:02 PM
#1710   By Solomon Israel @ MJBizDaily JohnCM 08/17/21 08:00:16 AM
#1709   I was wondering the same thing. Aleafia happyglass 08/13/21 05:06:58 PM
#1708   We spiking today. Anyone know why? Moving Numbers 08/13/21 03:06:33 PM
#1707   Thanks for the info! :) happyglass 08/09/21 12:43:26 PM
#1706   CALGARY, August 9, 2021 /CNW/ – High Tide JohnCM 08/09/21 06:05:55 AM
#1705   Lol! That is what I thought. We are golden. happyglass 08/08/21 10:21:39 AM
#1704   Too large????????????????????????????????????????????????????????????? JohnCM 08/07/21 06:23:59 PM
#1703   Do you think that float is too large? happyglass 08/07/21 05:14:45 PM
#1702   Outstanding Shares JohnCM 08/07/21 01:45:22 PM
#1701   I am gradually buying back in here. happyglass 08/07/21 01:40:01 PM
#1700   Yup. MJ bounced. JohnCM 07/29/21 08:27:07 PM
#1699   Time to buy back in now the dust happyglass 07/29/21 05:23:23 PM
#1698   BOUNCE! JohnCM 07/28/21 09:36:40 PM
#1697   garbage ghost land iancnyc 07/27/21 01:42:54 PM
#1696   ELVIS !......... has left the building . Ultimate Weapon 07/19/21 09:34:32 PM
#1695   High Tide knows how to promote! JohnCM 07/03/21 06:03:25 PM
#1694   Uplisting and reverse splits can be lucrative if happyglass 07/03/21 05:56:59 PM
#1693   ahhh i divested this as well finally following iancnyc 06/29/21 12:03:19 PM
#1692   Good quarter. JohnCM 06/28/21 07:43:00 PM
#1691   Divested means "out." JohnCM 06/26/21 07:07:24 PM
#1690   Took profits, diversified, if what i took away Fanthos 06/25/21 05:31:18 PM
#1689   Divested? What the he** do you mean JohnCM? JJ8 06/25/21 01:54:15 PM
#1688   Good! I divested after the wild ride from $0.15 JohnCM 06/23/21 03:13:48 PM
#1687   Pretty interesting ride so far. Havent sold anything yet Fanthos 06/23/21 10:11:07 AM
#1685   LOD $6.95 divided by 15 = $0.463 JohnCM 06/18/21 04:19:10 PM
#1684   excellent entry point this am .....anything less than Ultimate Weapon 06/18/21 12:53:30 PM
#1683   https://mjbizdaily.com/bc-to-allow-home-delivery-for-private-sector-cannabis-sto jsnhgns 06/18/21 11:50:01 AM
#1682   High Tide Provides Timing for Release of Second Pennyfool 06/17/21 10:16:20 AM
#1681   https://www.stockscores.com/chart.asp?TickerSymbol=HITI&TimeRange=180&Inter JohnCM 06/12/21 05:03:24 PM
#1680   Get ready for monday madness If the manipulators iancnyc 06/12/21 10:39:27 AM
#1679   same old pattern every quarter i heard someone say iancnyc 06/11/21 01:32:30 PM
#1678   Thanks...Hopefully we'll have another good week to accumulate Pennyfool 06/10/21 01:04:52 PM
#1677   I think you are correct. How far happyglass 06/10/21 01:55:23 AM
#1676   i think i heard 2 weeks so it’s iancnyc 06/09/21 10:11:53 PM
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