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High Tide ( (TSE:HITI) ) just unveiled an update.
High Tide Inc. has been recognized by the TSX Venture Exchange as one of the Top 50 companies for the second consecutive year, ranking 21st for 2024. This recognition highlights the company’s successful operations in the Canadian cannabis market and its strategic expansion into international markets such as Germany. High Tide’s Canna Cabana brand has contributed significantly to its growth, boasting over 1.7 million members in its loyalty program. The company continues to position itself as a leader in the cannabis industry by expanding its brand offerings and market reach.
More about High Tide
High Tide Inc. is a leading global cannabis retailer, distinguished by its community-grown and retail-forward approach to the cannabis industry. The company operates the largest cannabis retail chain in Canada, Canna Cabana, and is the second-largest cannabis retailer in the world by store count. High Tide’s operations are diverse, encompassing retail stores, e-commerce platforms, consumption accessories, CBD products, wholesale distribution, and licensing agreements. Their innovative retail solutions include automated kiosks, and the company boasts a portfolio of consumer-facing brands. High Tide has been recognized for its growth, ranking highly in Canada’s top growing companies and on the Financial Times’ list of the Americas’ fastest-growing companies.
YTD Price Performance: -21.69%
Average Trading Volume: 729,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $210.4M
For a thorough assessment of HITI stock, go to TipRanks’ Stock Analysis page.
