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An update from High Tide ( (TSE:HITI) ) is now available.
High Tide Inc. announced the opening of four new Canna Cabana locations in Alberta and Ontario, increasing its total store count to 215 across Canada. This expansion reflects the company’s strategic growth in key markets, enhancing its brand presence and market share while also granting stock options to employees to align with its growth objectives.
The most recent analyst rating on (TSE:HITI) stock is a Hold 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 strong financial performance, particularly in revenue growth and cash flow, is offset by technical indicators suggesting bearish momentum and a negative valuation due to ongoing losses. The lack of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide Inc. is a leading retail-forward cannabis enterprise focused on maximizing the value of cannabis. Its subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally, with a significant presence in Canada through its extensive retail chain.
Average Trading Volume: 136,746
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$366.7M
For an in-depth examination of HITI stock, go to TipRanks’ Overview page.