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High Tide Inc. (HITIF)

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Last Post: 5/3/2021 1:50:05 PM - Followers: 89 - Board type: Free - Posts Today: 0



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






High Tide 2021 Highlights:
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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HITIF News: High Tide acquires Ontario licensed cannabis retail store, Canna Cabana 04/29/2021 06:40:55 AM
HITIF News: High Tide reports 80% surge in one week's total sales 04/23/2021 06:30:00 AM
HITIF News: Cannabis retailer High Tide files for up to C$100M base shelf prospectus 04/09/2021 10:56:58 AM
HITIF News: High Tide reports FQ1 results 03/31/2021 11:13:54 PM
HITIF News: High Tide opens first cannabis retail store in Alberta, names new COO 03/19/2021 06:24:06 AM
#453  Sticky Note A Rising Tide Will Lift All Boats...and Blast JohnCM 01/19/21 06:38:07 PM
#343  Sticky Note High Tide Recaps Milestones of 2020 JohnCM 12/29/20 06:55:47 AM
#1598   High Tide Increases U.S. Presence Through Acquisition of iancnyc 05/03/21 01:50:05 PM
#1597   High Tide Acquires One of the Original Ontario iancnyc 04/29/21 01:41:47 PM
#1596   Infamous cup and handle on the 1 month. Idk21 04/28/21 03:34:14 PM
#1595   High Tide Expands Ontario Presence with New Toronto iancnyc 04/26/21 08:40:37 AM
#1594   85 stores now. And they are looking at JohnCM 04/26/21 07:36:54 AM
#1593   Curious what the absolute minimum is for stock JohnCM 04/25/21 07:02:41 PM
#1592   High Tide reports 80% surge in one week's iancnyc 04/25/21 01:33:47 PM
#1591   Well to be fair it went up 3.39% iancnyc 04/23/21 07:54:12 PM
#1590   And yet nothing will move it Fanthos 04/23/21 07:49:21 PM
#1589   High Tide Reports Approximately $775,000 in Retail Sales iancnyc 04/23/21 01:44:13 PM
#1588   Mmdef just announced Nasdaq and are up over Idk21 04/23/21 10:19:39 AM
#1587   undervalued should be dollar atleast luckydrunk 04/23/21 10:17:02 AM
#1586   YEA, IM ADDING~! 775K REVENUE IN ONE (1) DAY. INTHEKNOW1 04/23/21 09:00:38 AM
#1585   https://investorshub.advfn.com/uimage/uploads/2021/4/23/jeqdkoriginal_320174136. INTHEKNOW1 04/23/21 08:58:21 AM
#1584   High Tide reports 80% surge in one week's INTHEKNOW1 04/23/21 08:47:54 AM
#1583   Bounced off RSI(14) 30 JohnCM 04/22/21 12:22:04 AM
#1582   This was all happening as they were opening JohnCM 04/22/21 12:20:21 AM
#1581   Well i think this finally hit bottom and iancnyc 04/21/21 11:45:46 PM
#1580   NASDAQ impending. JohnCM 04/21/21 12:28:44 AM
#1579   Are we there yet? JohnCM 04/21/21 12:14:08 AM
#1578   That Reddit post hasn't weathered well. Scumbag Fraudsters 04/20/21 11:31:00 AM
#1576   No doubt Raj knows best...go $HITIF Protocola 04/19/21 11:12:29 AM
#1575   I really couldn’t care about dilution short term Idk21 04/19/21 06:54:01 AM
#1574   Endless dilution! Buyer BEWARE!!!!!!!!! SurgeGuy2.0 04/18/21 09:33:52 PM
#1573   The Halo Collective is building some great synergies, happyglass 04/18/21 12:23:00 PM
#1572   ahh that looks like a nice climb over iancnyc 04/17/21 10:55:50 PM
#1571   TILT one of better charts. Sideways ... JohnCM 04/17/21 10:43:32 PM
#1570   yep with the occasional odd ball out due iancnyc 04/17/21 04:16:43 PM
#1569   Entire sector moves in tandem. JohnCM 04/17/21 04:15:00 PM
#1568   After a one month swoon, the EFT MJ JohnCM 04/17/21 04:14:07 PM
#1567   Yeah man I get what you mean, especially Idk21 04/17/21 03:09:17 PM
#1566   $0.428 and $0.4085, and $0.2125. StockItOut 04/17/21 11:33:23 AM
#1565   Good plan, I almost prefer to see it happyglass 04/17/21 09:39:06 AM
#1564   If I trade at all Im more of happyglass 04/17/21 09:34:54 AM
#1563   i saw that, bought back in at 50 iancnyc 04/17/21 12:45:01 AM
#1562   https://www.stockscores.com/chart.asp?TickerSymbol=HITIF&TimeRange=15&Interval=60&V JohnCM 04/16/21 11:55:14 PM
#1561   I HAVE ADDED QUITE A FEW LOL INTHEKNOW1 04/16/21 01:59:42 PM
#1560   I am not a day trader so only Idk21 04/16/21 01:49:14 PM
#1559   Money talks, What can we do but happyglass 04/16/21 01:37:35 PM
#1558   it’s the way they sell it that is iancnyc 04/16/21 01:30:44 PM
#1557   you must be accumulating a lot because it’s iancnyc 04/16/21 01:26:21 PM
#1556   When the people who put the seed money happyglass 04/16/21 11:32:20 AM
#1554   If and that’s a big IF it falls Idk21 04/16/21 08:40:13 AM
#1553   that’s possible but not before this hits the iancnyc 04/16/21 08:36:49 AM
#1552   Store openings are already priced in, we know Idk21 04/16/21 08:35:21 AM
#1551   yep that’s why i no longer will hold iancnyc 04/16/21 08:30:52 AM
#1550   Small companies expand all the time at stock dale1953 04/16/21 08:25:17 AM
#1549   another store opening more good news for these iancnyc 04/16/21 08:22:43 AM
#1548   why wouldn’t u sell what you have and iancnyc 04/16/21 08:21:25 AM
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