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High Tide
(NASDAQ:HITI)
High Tide (HITI) vs. iShares MSCI Canada ETF (EWC)
High Tide Business Overview & Revenue Model
High Tide Earnings Call Summary
High Tide Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 522.31M | 487.67M | 356.85M | 181.12M | 83.27M |
| Gross Profit | 142.50M | 131.31M | 100.95M | 63.98M | 30.81M |
| EBITDA | 33.78M | -4.20M | -33.65M | -1.96M | 8.54M |
| Net Income | -4.34M | -39.31M | -70.85M | -35.04M | -6.35M |
Balance Sheet | |||||
| Total Assets | 246.21M | 233.40M | 274.74M | 246.22M | 69.81M |
| Cash, Cash Equivalents and Short-Term Investments | 47.98M | 30.26M | 25.28M | 14.87M | 7.57M |
| Total Debt | 74.61M | 72.53M | 69.88M | 55.43M | 46.97M |
| Total Liabilities | 100.70M | 99.73M | 112.71M | 94.21M | 58.09M |
| Stockholders Equity | 143.27M | 131.56M | 156.35M | 147.21M | 10.17M |
Cash Flow | |||||
| Free Cash Flow | 25.80M | 14.58M | -4.56M | -13.54M | 6.08M |
| Operating Cash Flow | 35.55M | 20.66M | 4.50M | -2.83M | 8.85M |
| Investing Cash Flow | -11.01M | -5.72M | -8.59M | -28.49M | -3.30M |
| Financing Cash Flow | -7.72M | -9.26M | 15.17M | 37.81M | 1.17M |
High Tide Technical Analysis
High Tide Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | C$243.11M | ― | -6.82% | ― | 9.22% | 73.50% | |
52 Neutral | C$23.43M | ― | 366.78% | ― | -39.00% | -11.21% | |
51 Neutral | $7.35B | 0.50 | -65.61% | 2.47% | 15.28% | 1.44% | |
| ― | $179.48M | 19.56 | 4.76% | ― | ― | ― | |
| ― | $251.47M | 94.51 | 3.05% | ― | ― | ― | |
| ― | $21.25M | ― | -16.22% | ― | ― | ― | |
62 Neutral | C$229.16M | ― | -38.89% | ― | -6.80% | 11.94% |
High Tide Corporate Events
High Tide Inc. has opened a new Canna Cabana retail store in Drayton Valley, Alberta, marking its 203rd location in Canada. This expansion is part of High Tide’s strategy to deepen its presence in high-demand markets, with the Drayton Valley store strategically positioned to capitalize on the area’s growing economy. The company also announced the grant of stock options to employees, reflecting its commitment to growth and employee engagement.
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.
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.
High Tide Inc. has secured a $30 million convertible debt agreement with a subsidiary of Cronos Group Inc. to fund future acquisitions and organic growth, aiming to expand its store network in Canada and internationally. This investment highlights High Tide’s strong market position and its role in enhancing the legal cannabis ecosystem, potentially benefiting stakeholders by reducing illicit market share and supporting a competitive retail environment.
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.
High Tide Inc. announced the opening of two new Canna Cabana retail locations in Winnipeg and Toronto, expanding its footprint to 202 stores across Canada. The Winnipeg store, located in a high-traffic area with limited competition, and the Toronto store, situated in a bustling mixed-use mall, are expected to enhance the company’s market presence in these high-potential provinces. The expansion aligns with High Tide’s strategy to reinvest cash flows into growth, leveraging its successful discount club model and loyalty ecosystem. The company’s CEO highlighted the support from Manitoba’s government in maintaining a responsible cannabis retail environment.
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.
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.
High Tide Inc. reported strong financial results for the second fiscal quarter of 2025, generating $4.9 million in free cash flow and achieving a 6.2% year-over-year increase in daily same-store sales across its Canna Cabana network. The company is in exclusive discussions with a leading German medical cannabis importer and wholesaler, marking a strategic move towards entering the German market. High Tide’s Cabana Club membership has grown to 1.9 million members, with its ELITE memberships surpassing 97,000. The company continues to expand its product offerings and maintains its position as the highest revenue-generating cannabis company reporting in Canadian dollars. This growth and strategic expansion into the German market highlight High Tide’s strengthening position in the global cannabis industry.
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.
High Tide Inc. announced it will release its financial and operational results for the second fiscal quarter of 2025 on June 16, 2025. Following the release, a webcast will be hosted by the company’s CEO and CFO to discuss the results and future outlook. This announcement is significant for stakeholders as it provides insights into the company’s performance and strategic direction in the competitive cannabis industry.
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.
High Tide Inc. announced the results of its annual general and special meeting of shareholders, where all nominees for the board of directors were elected, and key resolutions were approved, including the appointment of auditors and a Shareholder Rights Plan. These decisions reflect the company’s strategic direction and governance stability, potentially impacting its market positioning and stakeholder confidence.
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.
High Tide Inc. has announced the opening of its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, marking a significant milestone for the company. This expansion reflects High Tide’s strategic growth approach, focusing on high-traffic locations and sustainable value creation, avoiding the store closures seen in the sector. The company’s growth has been largely self-funded and driven by its loyal customer base, positioning High Tide for continued expansion in the Canadian market.
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.
High Tide Inc. has announced the opening of two new Canna Cabana retail cannabis stores in Brantford, Ontario, and Calgary, Alberta, increasing its total store count to 199 across Canada. The Brantford location is strategically positioned in a busy shopping plaza with national co-tenants, while the Calgary store benefits from a lack of nearby competition, offering strong market capture potential. These openings align with High Tide’s strategy to expand its physical presence in promising markets, as the company nears the milestone of 200 locations nationwide.
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.
High Tide Inc. announced the opening of a new Canna Cabana store in Cornwall, Ontario, expanding its footprint to 197 locations across Canada. This strategic expansion, supported by free cash flow and a focus on high-quality real estate, aims to capitalize on the growing demand in Cornwall’s east end, a high-traffic area with minimal competition. The company anticipates reaching its 200th store milestone by the end of May, highlighting its disciplined, demand-driven growth strategy.