High Tide ( (TSE:HITI) ) has issued an announcement.
High Tide Inc. has announced a change in its auditing firm, transitioning from Ernst & Young LLP to Davidson & Company LLP, effective April 17, 2025. This change, made at the company’s request and approved by its board of directors, is part of its continuous efforts to enhance its operational efficiency. The transition is not expected to impact the company’s financial reporting, as there were no reservations or modified opinions in previous audits. This move reflects High Tide’s proactive approach to maintaining robust financial practices, potentially strengthening its position in the competitive cannabis industry.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide’s strong revenue growth and strategic expansion are tempered by ongoing profitability challenges and bearish technical indicators. While the earnings call reflects positive long-term growth prospects, the valuation is unattractive due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide Inc. is a leading global cannabis retailer, known for its community-grown, retail-forward approach. It operates the largest cannabis retail chain in Canada, Canna Cabana, and offers a diverse range of products and services including retail innovation, consumption accessories, CBD products, and wholesale distribution. High Tide has been recognized for its growth and innovation, ranking among Canada’s top growing companies and the fastest-growing companies in the Americas.
YTD Price Performance: -30.42%
Average Trading Volume: 662,794
Technical Sentiment Signal: Buy
Current Market Cap: $187.2M
See more insights into HITI stock on TipRanks’ Stock Analysis page.