High Tide Inc. operates as a vertically-integrated company in the cannabis market in Canada, the United States, and internationally. It engages in the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of June 28, 2021, it operated 87 retail locations in Canada. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NASDAQ
Website: hightideinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/22/2022 | $7.75 → $7.25 | Neutral | Cantor Fitzgerald |
| 12/10/2021 | $8.75 → $7.75 | Neutral | Cantor Fitzgerald |
| 11/23/2021 | Neutral | Cantor Fitzgerald | |
| 11/23/2021 | $8.75 | Neutral | Cantor Fitzgerald |
| 9/13/2021 | $12.00 | Buy | ROTH Capital |
| 9/3/2021 | Buy | Desjardins | |
| 9/3/2021 | $15.00 | Buy | Desjardins |
CALGARY, AB, Nov. 18, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1508 Upper James Street, Hamilton, Ontario will begin selling recreational cannabis products and consumption accessories for adult use this week. This opening will mark High Tide's 187th Canna Cabana branded retail cannabis location in Canada, the 73rd in the province of Ontario and the third in the city of Hamilton.
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. CALGARY, AB, Nov. 13, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has closed the Final Tranche (as defined herein) of its previously disclosed subordinated debt facility of $1,000 principal subordinate secured debentures of the Company (each, a "Debenture") for aggregate gross proceeds of $15 million (
CALGARY, AB, Oct. 24, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 97 Bath Road, Kingston, Ontario, will begin selling recreational cannabis products and consumption accessories for adult use as of 4:20 PM on October 31st, 2024. This opening will mark High Tide's 186th Canna Cabana branded retail cannabis location in Canada, the 72nd in the province of Ontario and the first in Kingston.
CALGARY, AB, Oct. 10, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 3406 Dundas Street W, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Sunday, October 13. This opening will mark High Tide's 185th Canna Cabana branded retail cannabis location in Canada, the 71st in the province of Ontario and the 11th in the city of Toronto.
This Opening Represents the 70th Canna Cabana Location in Ontario CALGARY, AB, Oct. 7, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced that its Canna Cabana retail cannabis store located at 201 Danforth Avenue, Toronto, Ontario will begin selling recreational cannabis products and consumption accessories for adult use today. This opening brings the total number of Canna Cabana branded retail cannabis locations to 184 in Canada, 70 stores in the province of Ontario and the 10th in the city of Toronto.
The Company Placed 87th out of 417 Companies, With a Three-Year Growth Rate of 486% CALGARY, AB, Sept. 26, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it placed No. 87 out of 417 companies listed on the 2024 Report on Business ranking of Canada's Top Growing Companies, with a three-year revenue growth rate of 486%. This follows the Company's 2023 ranking of 38th out of 425 companies, with a three-year growth rate of 1,040%. "For the fourth consecutive year, Canada's business magazine of record, the
The Company Also Reports 5th Consecutive Quarter of Positive Free Cash Flow With Trailing Free Cash Flow Totaling $21.8 Million and Achieves 12% Market Share in the Provinces where it Operates1, Up From 10% a Year Ago This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars2, Delivers Quarterly Revenue of $131.7 Million, an All-Time Record and an Increase of 6% Year-Over-Year and Sequentially and Reaches an Annualized Run Rate Exceeding $525 MillionIncome Fr
New Joint Venture Follows Alberta's Decision to Allow Cannabis Pop-Up Stores at Adults-Only Festivals and Events This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. CALGARY, AB, Sept. 10, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has entered into a joint-venture with Positive Intent Events (PIE) to establish a leading position in Canada's nascent cann
CALGARY, AB, Sept. 5, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 389 Main Street, Lucan, Ontario will begin selling recreational cannabis products and consumption accessories for adult use tomorrow, September 6. This opening will mark High Tide's 183rd Canna Cabana branded retail cannabis location in Canada, the 69th in the province of Ontario, and will be the first licensed retail cannabis store to open in Lucan.
CALGARY, AB, Sept. 3, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced that at 8:00 PM Mountain Time tonight, it will re-launch the website of its flagship Canadian bricks-and-mortar retail brand, Canna Cabana, which represents more than 90 per cent of the Company's revenue. The new website features the latest tech, resulting in an enhanced user interface and overall improved customer experience, which also includes:
Cantor Fitzgerald reiterated coverage of High Tide with a rating of Neutral and set a new price target of $7.25 from $7.75 previously
Cantor Fitzgerald reiterated coverage of High Tide with a rating of Neutral and set a new price target of $7.75 from $8.75 previously
Cantor Fitzgerald initiated coverage of High Tide with a rating of Neutral
Cantor Fitzgerald initiated coverage of High Tide with a rating of Neutral and set a new price target of $8.75
ROTH Capital initiated coverage of High Tide with a rating of Buy and set a new price target of $12.00
Desjardins initiated coverage of High Tide with a rating of Buy
Desjardins initiated coverage of High Tide with a rating of Buy and set a new price target of $15.00
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6-K - High Tide Inc. (0001847409) (Filer)
6-K - High Tide Inc. (0001847409) (Filer)
6-K - High Tide Inc. (0001847409) (Filer)
6-K - High Tide Inc. (0001847409) (Filer)
6-K - High Tide Inc. (0001847409) (Filer)
6-K - High Tide Inc. (0001847409) (Filer)
The Company Also Reports 5th Consecutive Quarter of Positive Free Cash Flow With Trailing Free Cash Flow Totaling $21.8 Million and Achieves 12% Market Share in the Provinces where it Operates1, Up From 10% a Year Ago This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars2, Delivers Quarterly Revenue of $131.7 Million, an All-Time Record and an Increase of 6% Year-Over-Year and Sequentially and Reaches an Annualized Run Rate Exceeding $525 MillionIncome Fr
The Company is Well Positioned to Take Advantage of Private Label Sales, Including Through its Newly Acquired Queen of Bud Brand Across Ontario, Manitoba, Saskatchewan and Alberta CALGARY, AB, June 4, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, welcomed the announcement by Alberta Gaming Liquor and Cannabis' (AGLC) that it has amended its Retail Cannabis Store Handbook to allow private label cannabis sales. This is good news for High Tide's Cabana Cannabis Co. brand which is already in-market in Ontario, Manitoba and Sas
CALGARY, AB, May 1, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that Mayank Mahajan has joined the Company in the role of Chief Financial Officer. Mr. Mahajan brings an exceptional range of expertise from a career in financial services, technology, manufacturing, trading and leasing that spans more than 15 years. Among his more notable accomplishments, he has overseen M&A and business int
Second Largest Cannabis Retailer in North America by Store Count Well Positioned to Enter German Market Once Regional Pilot Programs Commence CALGARY, AB, April 1, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, welcomes the start of cannabis legalization in Germany. Effective today, German adults will be allowed to possess up to 25 grams of cannabis and grow up to three plants for personal use. Then, beginn
CALGARY, AB, Aug. 18, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1383 Wilson Road N, Oshawa, Ontario will begin selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 155th Canna Cabana branded retail cannabis location in Canada and the 51st in Ontario, Canada's largest province.
VANCOUVER, British Columbia, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Agra Ventures Ltd. ("AGRA" or the "Company") (CSE:AGRA) (OTC: AGFAF), a company with diversified assets focused on the cannabis industry, announces that its Board of Directors (the "Board") has appointed Nick Kuzyk as AGRA's CEO and Director on a permanent basis effective March 1, 2023, subject to the final acceptance of the Canadian Securities Exchange (the "CSE"). Based on his strong performance as Interim CEO and Director over the past six months, the Board has deemed it appropriate for Mr. Kuzyk to continue in the roles and, therefore, the search for a permanent CEO is concluded. Anthony Carnevale, Independent Director, sa
VANCOUVER, British Columbia, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Agra Ventures Ltd. ("AGRA" or the "Company") (CSE:AGRA) (OTC: AGFAF), a growth-oriented and diversified company focused on the international cannabis industry, announces that David Grand has resigned as Chief Executive Officer ("CEO") and Chairman of the Board of Directors (the "Board") of the Company. Mr. Grand expects to remain affiliated with the Company as he transitions to a new role involving AGRA's subsidiary, Boundary Bay Cannabis, and other short-term corporate development initiatives. As the result of his resignation, Nick Kuzyk has been appointed by the Board as AGRA's Interim CEO and as Director, effective immediat
High Tide Inc. ("High Tide" or the "Company") (TSXV:HITI) (NASDAQ:HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, today announced that as per the recently disclosed listing of holdings available on its website, the Company's shares have now been included in Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ). "We are very pleased to have our shares included in the Horizons Marijuana Life Sciences Index ETF," said Raj Grover, President and Chief Executive Officer of High Tide. "This is yet more recognition of High Tide's continued execution which has now resulted in another high profile institution acquiri
CALGARY, AB, July 30, 2021 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (TSXV:HITI) (NASDAQ:HITI) (FRA: 2LYA), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, today announced that as per the recently disclosed listing of holdings available on its website, the Company's shares have now been included in Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ). "We are very pleased to have our shares included in the Horizons Marijuana Life Sciences Index ETF," said Raj Grover, President and Chief Execu
The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada, and is the Second Largest Globally by Store Count, with 172 Operating Locations1 This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. The Company Generated $9.4 Million of Positive Free Cash Flow2 in the Second Fiscal Quarter. The Company has Generated $22.7 Million of Positive Free Cash Flow in the Past Four Quarters, Which Represents a Trailing Free Cash Flow Yield of Over 8% Compared to the Company's Enterprise Value The Company Generated Positive Net Income of $0.2 Mill
First Quarter Results Include Revenue of $128.1 Million, Adjusted EBITDA of $10.4 Million, and $3.6 Million of Free Cash Flow This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. The Company is Now the Second-Largest Cannabis Retailer in North America by Store Count1High Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars2The Company Generated $3.6 Million of Positive Free Cash Flow3 in the Quarter, Despite a $5.4 Million Reduction in Accounts Payable and Accrued Liabilities. Over the Last Three Quarters, the
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. The Company increased its positive free cash flow run rate from $4.1 million in the third fiscal quarter of 2023 to $5.7 million in the fourth fiscal quarter of 2023, representing a sequential increase of 40%Current annual revenue run rate is approaching $510 million, maintaining High Tide's position as Canada's top revenue-generating cannabis company1The Company celebrated its 15th consecutive quarter and its 5th straight quarter of record2 positive adjusted EBITDA3Same-store sales increased 13%
CALGARY, AB, Nov. 27, 2023 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it is taking yet another step to expand its bricks-and-mortar retail cannabis operations, by acquiring certain assets of Canadian Cannabis Media Corp. related to its store located at 1208 Davie Street in Vancouver, British Columbia (the "Store") for $1.33 Million, paid via a combination of High Tide shares and cash (the "Transaction"), pursuant to a definitive agreement (the "Acquisition Agreement"). This exceptional site includes asse
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short-form base shelf prospectus dated August 3, 2023. 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, Includ
The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar Year This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short-form base shelf prospectus dated April 22, 2021. 13th Straight Quarter of Positive Adjusted EBITDA, Representing a 174% Increase Year-Over-Year and 20% Sequentially, Driven by Significant Cost Reductions in General and Administrative ExpensesHigh Tide Reaches 9.5% of Canadian Cannabis Retail Market Share Outside of Quebec1, Up From 9% in the Previous QuarterSame-Store Sales Increase
The Company Achieved Significant Sequential Improvement in Cost Reduction in Line With Its Goal to Achieve Positive Free Cash Flow by the End of This Calendar Year This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short-form base shelf prospectus dated April 22, 2021. 13th Straight Quarter of Positive Adjusted EBITDA, Representing a 174% Increase Year-Over-Year and 20% Sequentially, Driven by Significant Cost Reductions in General and Administrative ExpensesHigh Tide Reaches 9.5% of Canadian Cannabis Retail Market Share Outside of Quebec1, Up From 9% in the Previous QuarterSame-Store Sales Increase
The Company Also Reports Year-Over-Year Increase in Free Cash Flow1 From ($6.3 Million) to ($2.3 Million) Representing a 64% Improvement This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short form base shelf prospectus dated April 22, 2021. 12th Straight Quarter of Positive Adjusted EBITDA, Representing an 86% Increase Year-Over-Year and 10% Sequentially High Tide Reaches 9% of Canadian Cannabis Retail Market Share2, Following 1% Sequential Growth in Each of the Past Five Quarters Same-Store Sales Increased by 52% Year-Over-Year and 4% Sequentially, Representing the Sixth Consecutive Quart
The Company has also signed an LOI with Berlin-based health and life science company Sanity Group to better take advantage of potential German adult-usecannabis legalization This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short form base shelf prospectus dated April 22, 2021. Current annual revenue run rate exceeds $450 million, maintaining High Tide's position as Canada's top revenue-generating cannabis company1The Company celebrated its 11th consecutive quarter of positive adjusted EBITDA2The Company now counts approximately 4.5 million total customers globally across all platforms3The Company'
The Company has also signed an LOI with Berlin-based health and life science company Sanity Group to better take advantage of potential German adult-use cannabis legalization This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated December 3, 2021, to its short form base shelf prospectus dated April 22, 2021. Current annual revenue run rate exceeds $450 million, maintaining High Tide's position as Canada's top revenue-generating cannabis company1 The Company celebrated its 11th consecutive quarter of positive adjusted EBITDA2 The Company now counts approximately 4.5 million total customers globally across all platforms3
As Benzinga Cannabis Capital Conference returns to Chicago this Oct. 8-9 for its 19th edition, gathering top CEOs, investors investors and leaders in the cannabis industry, let's scroll through the latest leadership changes in the space. Get your tickets now before prices surge by following this link. Cannabis ancillary company EnWave Corporation (TSXV:ENW) (FSE: E4U) announced on Thursday that it had tapped Danna Dunnage as its new vice president of global sales and business development. Dunnage joins EnWave bringing vast executive experience, having spent over 25 years in sales and strategy roles in the food service, distribution, hospitality and SAAS industries. The Vancouver-bas
Chicago Atlantic Real Estate Finance (NASDAQ:REFI) stands out in the cannabis capital providers and mortgage REIT (mREIT) sectors due to its premium valuation, impressive dividend yield, and robust growth track record. Pablo Zuanic, a senior equity analyst, noted in a recent report, "Of the six publicly listed cannabis capital providers, five are NASDAQ listed, being NLCP (OTC:NLCP) the exception. However, some may not currently provide the right comp due to poor liquidity, size, and relative newness." Performance And Valuation Comparison REFI trades at a 3% premium to its book value, reflecting strong investor confidence in its growth prospects. This stands in contrast to other cannabis
In Florida, where a ballot initiative to legalize recreational marijuana this coming November is drawing unprecedented financial support, two new stores recently kicked off medical cannabis sales. Cannabis retail chain RISE Dispensaries, owned by Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF) announced earlier this month that RISE Dispensary New Port Richey, its 17th retail location in the Sunshine State and 94th nationwide, will open on June 21. Located at 6213 State Road 54, New Port Richey, the new shop will offer medical patients a diverse collection of cannabis products, including RYTHM premium flower and full spectrum vapes, Dogwalkers pre-rolls, Good Green flower, Dr. Solo
"With 14 new locations announced since the beginning of this year, we remain on target to reach our communicated goal of adding 20 to 30 new Cabanas by the end of this calendar year. Given our strong free cash flow profile, we plan to continue our brisk greenfield trajectory, which may be supplemented by additional M&A in the second half of this year. I'm excited about how our innovative discount club model is continuing to outperform our peers, and we are confident our market share will increase as our retail expansion picks up steam," said Raj Grover, Founder and Chief Executive Officer of High Tide.
High Tide Inc. (NASDAQ:HITI) will acquire a retail cannabis store in Mississauga, Ontario, currently operating as Cantopia for CA$600,000 ($438,417). Canadian cannabis retailer confirmed Wednesday it has entered into a definitive asset purchase agreement dated June 25, 2024 under which it will acquire Cantopia. The store is located in Mississauga at a bustling retail plaza surrounded by several small businesses. It is adjacent to an internationally recognized quick-serve restaurant and is steps away from a national discount retailer and a Canadian discount grocery chain. “High Tide has always been focused on quality over quantity when looking at M&A opportunities, and this acquisition
High Tide Inc. ("High Tide" or the "Company") (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has entered into a definitive asset purchase agreement dated June 25, 2024 (the "Purchase Agreement") pursuant to which High Tide will acquire a retail cannabis store in Mississauga, Ontario, currently operating as Cantopia for $600,000 (the "Transaction"). The store is located at 6400 Millcreek Drive, Mississauga and is situated in a bustling retail plaza surrounded by several small businesses. It is adjacent to an internationally recognized quick-serve restaurant and is s
The New York Cannabis Control Board officially approved home cultivation rules for residents in June, allowing adults over 21 to grow weed at home, by specific plant count limits. ILGM (I Love Growing Marijuana), a cannabis seed company, celebrated the milestone by offering a fun giveaway of $100 worth of cannabis seeds to each of 420 lucky New Yorkers. Meanwhile, the cannabis retail footprint in the Empire State state has been steadily growing and will continue following Governor Kathy Hochul’s office announcement to issue an additional 105 adult-use licenses, bringing total to 654 issued year-to-date. On Thursday, Nicklz on 48th Street and Eighth Avenue in Times Square kicked off can
High Tide Inc. (NASDAQ:HITI) indicators, particularly the sustained positive free cash flow and improvement in net income, suggest a financial recovery and enhanced investment appeal, signaling potential value for investors. High Tide reported $9.4 million in free cash flow for the second fiscal quarter 2024. The trailing free cash flow yield relative to the company's enterprise value exceeded 8%. Net income for the quarter was $0.2 million, marking a significant improvement from a $1.6 million loss year-over-year. This means that the company is generating a high cash rate compared to its overall market value. Revenue And Profitability Revenue for the quarter increased by 5% to $124.3 mi