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High Tide Inc. - HITI STOCK NEWS

Welcome to our dedicated news page for High Tide (Ticker: HITI), a resource for investors and traders seeking the latest updates and insights on High Tide.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect High Tide's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of High Tide's position in the market.

News
High Tide Announces Participation at Upcoming Cannabis Investment and B2B Conferences
Rhea-AI Summary
High Tide Inc. announces its participation at upcoming cannabis investment and B2B conferences, including the International Cannabis Business Conference in Berlin, Germany, and the Benzinga Cannabis Capital Conference in Hollywood, Florida. The company's Founder and CEO, along with other key executives, will be attending these events to showcase High Tide's presence in the cannabis industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
none
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News
High Tide Announces Transition of Chief Financial Officer
Rhea-AI Summary
High Tide Inc. announces the transition of Chief Financial Officer role to a new candidate, effective May 1, 2024, with Sergio Patino stepping down. The new candidate's details will be disclosed in a future press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
Tags
none
-
News
High Tide to Open Fifth Canna Cabana Store in Mississauga, Ontario
Rhea-AI Summary
High Tide Inc. becomes the largest cannabis retailer in Canada's fastest-growing city with the opening of its 168th Canna Cabana store in Mississauga, Ontario. The company's innovative retail strategy has secured over 10% market share in the provinces where it operates, positioning it for potential expansion into the German market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
none
News
High Tide Welcomes Start of German Cannabis Legalization
Rhea-AI Summary
High Tide Inc. is well-positioned to enter the German cannabis market following the legalization of cannabis in Germany. The company has signed a non-binding letter of intent with Sanity Group to leverage synergies and prepare for commercial sales through cannabis specialty shops. High Tide's experience as the second largest cannabis retailer in North America and its strategic partnerships make it poised to introduce its unique cannabis discount club model to German consumers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
Tags
none
-
News
High Tide Closes Acquisition of Premium Canadian Cannabis Brand, Queen of Bud
Rhea-AI Summary
High Tide Inc. completes the acquisition of Queen of Bud brand, enhancing its cannabis product assortment and expanding into new markets. The transaction includes 378,486 common shares valued at $900,000 and $100,000 in cash. The acquisition is expected to boost gross margins by approximately 5% and provide immediate access to the US and European markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
acquisition
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News
High Tide to Open Fourth Canna Cabana in Mississauga, Ontario
Rhea-AI Summary
High Tide Inc. announces the opening of its 167th Canna Cabana retail cannabis store in Mississauga, Ontario, marking the 58th in the province and the 4th in the city. The store is strategically located within a major retail power center and aims to cater to adult consumers with recreational cannabis products and accessories. CEO Raj Grover expresses excitement for continued growth and expansion, highlighting the company's innovative Cabana Club membership model and long-term market objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.26%
Tags
none
News
High Tide to Open Third Canna Cabana in Mississauga, Ontario
Rhea-AI Summary
High Tide Inc. announces the opening of its 166th Canna Cabana retail cannabis store in Canada, the 3rd in Mississauga, Ontario. The company aims to capitalize on the growing cannabis market in Ontario and expand its Cabana Club membership internationally. Additionally, the Board of Directors approved the grant of 95,976 restricted share units to officers of the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
none
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News
High Tide Reports First Quarter 2024 Financial Results Featuring Record Revenue, Record Adjusted EBITDA, and Third Consecutive Quarter of Positive Free Cash Flow as well as Break-Even Net Income
Rhea-AI Summary
High Tide Inc. reports strong financial results for the first fiscal quarter of 2024, with revenue reaching $128.1 million, adjusted EBITDA of $10.4 million, and $3.6 million of free cash flow. The company remains the second-largest cannabis retailer in North America, generating record income and positive net income. High Tide's focus on responsible growth has led to robust free cash flow generation, a significant increase in adjusted EBITDA margin, and strong cost controls. The company's ELITE program continues to drive membership growth and market share expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.49%
Tags
earnings
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News
High Tide to Acquire Premium Canadian Cannabis Brand, Queen of Bud
Rhea-AI Summary
High Tide Inc. announces the acquisition of all IP, including trademarks and assets of the Queen of Bud brand, expanding its international brand portfolio. Founder Ashley Newman to become global brand ambassador. Queen of Bud's popular cannabis product portfolio is available in Canada, with ancillary products in the US and Europe. The acquisition strengthens High Tide's brand roster, offering growth opportunities and value to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.64%
Tags
acquisition
News
High Tide Opens New Canna Cabana Location in Toronto, Ontario
Rhea-AI Summary
High Tide Inc. announced the opening of its 165th Canna Cabana retail cannabis store in Toronto, marking the 55th in Ontario and the 11th in Toronto. The store is strategically located at a high-traffic area near Toronto's gay village, aiming to attract locals and tourists. The CEO highlighted the city's population density and tourist influx, emphasizing the store's accessibility and potential for success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
none
Stock HITI logo
High Tide Inc.

Nasdaq:HITI

HITI Rankings

#3853 Ranked by Market Cap
#2561 Ranked by Stock Gains
N/A Ranked by Dividends

HITI Stock Data

181.08M
71.28M
9.21%
10.9%
3.96%
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Retail Trade
Link
Canada
Calgary

About HITI

high tide inc. operates as a vertically-integrated company in the cannabis market in canada. it engages in the design, manufacture, and distribution of cannabis accessories and alternative lifestyle products. the company is also involved in the retailing of cannabis products. as of august 7, 2020, it operated 34 canna cabana retail cannabis stores in ontario, alberta, and saskatchewan. the company was formerly known as high tide ventures inc. and changed its name to high tide inc. in october 2018. high tide inc. was founded in 2009 and is headquartered in calgary, canada.