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High Tide ( (TSE:HITI) ) just unveiled an update.
High Tide has achieved significant milestones by surpassing 2 million members in its Cabana Club loyalty program and over 104,000 members in its ELITE tier, reinforcing its position as a leader in the Canadian cannabis retail market. Additionally, the company filed a preliminary base shelf prospectus to provide flexibility for future financing opportunities, allowing for potential issuance of securities up to C$100 million, which could support corporate growth and expansion.
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 reflects strong financial performance and positive earnings call insights. However, valuation concerns due to negative earnings and potential risks from regulatory changes in Germany weigh on the score.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide, Inc. is a leading cannabis enterprise focused on retail-forward operations, engineered to maximize the value of cannabis. Its subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally, with a significant presence in Canada. High Tide is known for its diversified and integrated operations across all components of the cannabis industry.
YTD Price Performance: -34.31%
Average Trading Volume: 32,540
Technical Sentiment Signal: Sell
Current Market Cap: C$254.5M
See more data about HITI stock on TipRanks’ Stock Analysis page.