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And we keep drifting higher!
And so we go higher! The trend continues
Even the big dogs know this should have a much higher share price! Shorts should be scared as nothing is going in their favor lately!
Yeah, I think you are say they should have been a bit more aggressive being such a young company, but they did say they were going to be a little more conservative a cc or two ago. This is an awesome quarter and all involved and invested should be extremely happy.
The Company Has Achieved Positive Free Cash Flow¹ of $4.1 Million This Quarter, in Advance of its Previously Stated Goal to Reach This Milestone by December 2023
Same-Store Sales Increased by 19% Year-Over-Year and 8% Sequentially. Calculated Daily Same-Store Sales Increased by 5%, Representing the Eighth Consecutive Quarter of Same-Store Sales Growth
The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada With 156 Locations and Surpasses 1.1 Million Cabana Club Members, Including 3 Million US Customers and a Global Customer Database Surpassing 4.6 Million
The Company Further Enhanced the Growth Trajectory of its Cabana ELITE Paid Membership Program Which Grew to Over 18,800 Members as of Today, Representing a 39% Increase from Q2, Growing at a Faster Pace Than the Previous Two Quarters
14th Straight Quarter of Positive Adjusted EBITDA² of $10.2 Million, Representing Increases of 140% Year-Over-Year and 55% Sequentially, Including a One-Time Return of $2.4 Million From Manitoba’s SRF
High Tide Maintains Canadian Cannabis Retail Market Share Excluding Quebec³ at 9.5%, Through Continued Organic Growth
High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars4, and is the Fastest Growing Retailer in the Americas as Reported by The Financial Times5
Beautiful up trend! I'd hate to be short in any cannabis company right now.
I came across this video. The big players know we are undervalued!
Not likely
It definitely is hard to call the bottom. Once the usa gets serious about legalization, I believe all the nasdaq stocks like and related will get hot. I screwed up with acb thinking the bottom was in, but I still believe they will eventually start climbing too.
Awesome. It's nice to see they too understand the shareprice is undervalued and putting money down and not just words. https://hightideinc.com/high-tide-announces-purchases-of-shares-by-insiders/
"High Tide Claims Top Spot in Financial Times List of Fastest Growing Retailers in the Americas for 2023"
Eventuality someone will discover this board and how awesome hiti is doing!
https://www.prnewswire.com/news-releases/high-tide-claims-top-spot-in-financial-times-list-of-fastest-growing-retailers-in-the-americas-for-2023-301783620.html
Not sure if you are invested here anymore, but the cc and earnings over the last week once again showes we are out performing the rest. Now they are going to focus on cashflow positive which I feel is easily in reach. Fundamentally this company will survive. Once the valuation multiple is properly applied, all those shorts on hiti will be feeling the pain!
If you want to listen to the earnings call
High Tide Earnings Event Webcast
The Company will host a webcast and conference call to discuss the Financial Statements at 11:30 AM (Eastern Time) Monday, March 20, 2023.
Webcast Link for High Tide Earnings Event: https://events.q4inc.com/attendee/193203965
Participants may pre-register for the
High Tide Reports Second Consecutive Quarter of Record Revenue and Adjusted EBITDA; $118 Million and $5.5 Million, Respectively
https://hightideinc.com/high-tide-reports-second-consecutive-quarter-of-record-revenue-and-adjusted-ebitda-118-million-and-5-5-million-respectively/
Very nice! Free cashflow is coming next! This stock price definitely should break away from the others imo. https://www.greenmarketreport.com/high-tide-shifts-growth-strategy-posts-64-sales-growth/
On the investors doc:
"There’s too much empty talk out there. Enough with the wishful thinking and future speculation. High Tide knows a real cannabis can’t be built on imaginary hype. In this industry, it can be hard to discern the winners and movers in the halls of smoke and mirrors. It’s only when you look at the real world do you see who’s really putting up. High Tide is winning by embracing the realities of the cannabis market; the only ones with the tangible expertise, record, and resolve to execute in any waters. We bring an unrivaled physical retail footprint that punches far above its weight. Bearing the strength of over 6,000 SKUs to enrich any experience. Backed by the fortitude of 10+ years in a highly-regulated landscape. Stoking a community of nearly 1 million loyalists to drive value. Laser-focused on the real revenue-building opportunities in front of us. In a category that’s often blowing hot air, High Tide embraces the hard work, running quicker, striking faster, looking closer, lasting longer; all to create results you can see, stores you can visit, accessories you can hold, communities you can join, and passion you can feel. If you’re tired of bluster, invest in a company Running not on hopes and dreams But executing on bricks-and-mortar, With a record of strong results for more than a decade, And delivering real-world success you certainly can’t fake."
All this makes me think it's finally starting. Some news dribbling both in the states and overseas. https://ca.internationalcbc.com/march-2023-is-set-to-be-a-historic-month-for-european-cannabis/
Germany legalization update:
https://internationalcbc.com/report-german-health-minister-confirms-timetable-for-cannabis-legalization/
I believe around 50M. I'd have to go back and look for the exact.
And yet more! I still believe medical will be federally legal in some way in 2023! https://www.marijuanamoment.net/biden-signs-equity-focused-executive-order-that-touts-marijuana-clemency-actions-calling-criminalization-a-failed-approach
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