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The latest announcement is out from High Tide ( (TSE:HITI) ).
High Tide Inc. announced a new ‘Buy Local’ initiative to be launched in its Canna Cabana stores across Canada, starting June 24, 2025. This initiative aims to promote locally grown and produced cannabis products by providing dedicated shelf space for them in each store. The move is designed to support local producers and offer customers more choices, potentially enhancing High Tide’s community engagement and market positioning.
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 stock score of 55 reflects strong revenue growth and strategic expansion, particularly in physical retail and loyalty programs. However, significant challenges remain, including achieving profitability, bearish technical indicators, and valuation concerns due to a negative P/E ratio. The positive outlook from recent earnings calls partially offsets these challenges, but continued focus on achieving profitability and addressing technical weaknesses is crucial.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide Inc. is a leading cannabis enterprise known for its retail-forward approach and is 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 involved in various aspects of the cannabis industry, including retail innovation, consumption accessories, CBD products, wholesale distribution, and licensing. It has been recognized for its growth and innovation in the industry.
YTD Price Performance: -35.98%
Average Trading Volume: 46,182
Technical Sentiment Signal: Sell
Current Market Cap: C$248M
For detailed information about HITI stock, go to TipRanks’ Stock Analysis page.