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High Tide ( (TSE:HITI) ) just unveiled an update.
High Tide has announced the opening of its 77th Canna Cabana location in Ontario, specifically in downtown Hamilton, marking its 192nd store in Canada. This expansion aligns with the company’s strategy to position its stores in high-foot-traffic areas, enhancing its presence in the Canadian cannabis retail market. Additionally, High Tide is entering the German medical cannabis market with the acquisition of Purecan, aiming to replicate its Canadian market success and become a leading distributor of Canadian medical cannabis products in Germany.
More about High Tide
High Tide Inc. is a leading community-grown, retail-forward cannabis enterprise. It is the second-largest cannabis retailer globally by store count, with operations spanning across bricks and mortar retail, retail innovation, consumption accessories, brands, CBD, and wholesale distribution. High Tide’s retail chain, Canna Cabana, is the largest in Canada, and the company also operates a suite of e-commerce platforms and consumer-facing brands.
YTD Price Performance: -20.78%
Average Trading Volume: 721,747
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $212.9M
For detailed information about HITI stock, go to TipRanks’ Stock Analysis page.