An update from High Tide ( (TSE:HITI) ) is now available.
High Tide Inc. announced the opening of a new Canna Cabana retail cannabis store in Kitchener, Ontario, increasing its total store count to 195 locations across Canada. Positioned in a high-visibility area with strong growth potential, the new store aims to capitalize on a young, growing population and nearby residential developments. Despite macroeconomic challenges, High Tide remains committed to disciplined growth and maximizing free cash flow, with a focus on building a resilient business. Additionally, the company has adopted a shareholder rights plan to ensure compliance with cannabis laws and protect shareholder interests in the event of unsolicited take-over bids.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide demonstrates strong revenue growth and operational improvements, yet continues to struggle with profitability, as reflected in its financial performance and valuation metrics. While the earnings call highlighted key growth areas, ongoing challenges such as EBITDA declines and market expansion uncertainties temper enthusiasm. Technical indicators suggest bearish momentum, adding caution to the outlook.
To see Spark’s full report on TSE:HITI stock, click here.
More about High Tide
High Tide, Inc. is a leading community-grown, retail-forward cannabis enterprise and the second-largest cannabis retailer globally by store count. The company is uniquely built around the cannabis consumer, with diversified and integrated operations across all components of cannabis, including its Canna Cabana retail chain, which is the largest in Canada.
YTD Price Performance: -40.66%
Average Trading Volume: 651,048
Technical Sentiment Signal: Strong Buy
Current Market Cap: $161.5M
Find detailed analytics on HITI stock on TipRanks’ Stock Analysis page.