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The latest announcement is out from High Tide ( (TSE:HITI) ).
High Tide Inc. is expanding its Canna Cabana retail chain by opening three new locations in Calgary, London, and Brampton, bringing its total to 218 stores across Canada. This expansion highlights the company’s strategic growth in high-demand markets and its commitment to reaching its annual goals, reinforcing its position as a dominant player in the cannabis retail industry.
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 stock score is primarily influenced by its strong financial performance, particularly in revenue growth and cash flow generation. However, the bearish technical indicators and negative valuation metrics significantly weigh down the overall score. The lack of earnings call data and corporate events further limits the assessment.
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 with a focus on delivering value across all components of cannabis. It operates the Canna Cabana retail chain, the largest in Canada, and has a significant presence in the global cannabis market. High Tide also owns multiple e-commerce platforms and a German pharmaceutical company for medical cannabis distribution.
Average Trading Volume: 116,840
Technical Sentiment Signal: Hold
Current Market Cap: C$315.3M
For an in-depth examination of HITI stock, go to TipRanks’ Overview page.