High Tide Celebrates 200th Canna Cabana Store Opening in Alberta

High Tide ( (TSE:HITI) ) has shared an announcement.

High Tide Inc. has announced the opening of its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, marking a significant milestone for the company. This expansion reflects High Tide’s strategic growth approach, focusing on high-traffic locations and sustainable value creation, avoiding the store closures seen in the sector. The company’s growth has been largely self-funded and driven by its loyal customer base, positioning High Tide for continued expansion in the Canadian market.

The most recent analyst rating on (TSE:HITI) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on High Tide stock, see the TSE:HITI Stock Forecast page.

Spark’s Take on TSE:HITI Stock

According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.

High Tide’s overall score reflects robust revenue growth and strategic store expansions, which are tempered by ongoing profitability challenges and valuation concerns. The company’s efforts in operational improvements and cash generation are positives, but the negative P/E ratio and free cash flow issues need addressing.

To see Spark’s full report on TSE:HITI stock, click here.

More about High Tide

High Tide, Inc. is a leading community-grown, retail-forward cannabis enterprise, recognized as the second-largest cannabis retailer globally by store count. The company operates the largest cannabis retail chain in Canada, Canna Cabana, with 200 locations. High Tide is known for its diversified operations across cannabis retail, innovation, consumption accessories, brands, CBD, wholesale distribution, and licensing. It has been acknowledged for its growth and innovation in the industry.

Average Trading Volume: 56,668

Technical Sentiment Signal: Sell

Current Market Cap: C$254.1M

Find detailed analytics on HITI stock on TipRanks’ Stock Analysis page.