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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 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
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News
High Tide Opens Second Canna Cabana in Mississauga, Ontario
Rhea-AI Summary
High Tide Inc. announces the opening of its 164th Canna Cabana retail cannabis store in Mississauga, Ontario, marking the 55th location in the province and the 2nd in Mississauga. The store is strategically located in a high-traffic retail plaza, surrounded by a large residential population. With plans to expand to 300 locations in Canada, High Tide aims to capitalize on Ontario's increased retail cannabis store cap of 150.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
Tags
none
-
News
High Tide to Announce First Fiscal Quarter 2024 Financial Results
Rhea-AI Summary
High Tide Inc. announces the release of financial and operational results for the quarter ended January 31, 2024. The company will host a webcast to discuss the results and future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
earnings
News
High Tide Welcomes Passage of First Pillar of Germany';s Cannabis Legalization Plan
Rhea-AI Summary
High Tide Inc. welcomes Germany's vote to legalize recreational cannabis, positioning the country as the second G7 nation to allow consumption and cultivation for adults. The approval sets the timeline for personal use by April 1, 2024, with social clubs operating by July 1st. The government plans to draft laws for commercial supply chains and cannabis specialty stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.85%
Tags
none
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News
High Tide Recognized as a Top 10 Ranked Company in the Diversified Industries Sector by the TSX Venture 50 for 2024
Rhea-AI Summary
High Tide Inc. has been recognized for the second time in three years by the TSX Venture Exchange as a 2024 Top 50 Performer, ranking fifth in the top 10 diversified industries sector. The company is the only Canadian cannabis company included in the rankings, showcasing its strength in share price appreciation, trading volume, and market capitalization growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
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none
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News
High Tide Signs Limited Cannabis Distribution Agreement With Manitoba Liquor and Lotteries
Rhea-AI Summary
High Tide Inc. (HITI) expands its wholesale and distribution services into Manitoba through Valiant Distribution Canada, strengthening strategic relationships and expertise in the cannabis value chain. The agreement with the Manitoba Liquor and Lotteries Corporation enables Valiant to warehouse and distribute cannabis products to licensed retailers in the province.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
High Tide Releases Audited 2023 Financial Results Featuring Record Fourth Quarter Revenue of $127.1 Million, Record Adjusted EBITDA of $8.4 Million and Record Free Cash Flow of $5.7 Million, Respectively
Rhea-AI Summary
High Tide Inc. filed its year-end audited 2023 financial results, reporting a 40% increase in free cash flow, a 37% revenue increase, and the maintenance of its position as Canada's top revenue-generating cannabis company. The company also achieved record positive adjusted EBITDA, maintained its position as the largest non-franchised cannabis retailer in Canada, and saw significant growth in its Cabana Club membership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.63%
Tags
earnings
-
News
High Tide To Open First Canna Cabana Store in Fort McMurray, Alberta
Rhea-AI Summary
High Tide Inc. announced the opening of its 163rd Canna Cabana retail cannabis store in Canada, marking the first location in the Regional Municipality of Wood Buffalo. The company's CEO, Raj Grover, expressed optimism about the store's success, especially due to the large percentage of highly paid oil sands workers in the area. High Tide also highlighted its innovative discount club model and rapidly growing membership numbers, exceeding 1.2 million as of the third fiscal quarter disclosure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
none
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News
High Tide Founder and CEO, Raj Grover, Makes Grow Up';s 2024 Top 50 Cannabis Leaders in Canada List
Rhea-AI Summary
High Tide Inc. CEO, Raj Grover, named in Grow Up's 2024 Top 50 Cannabis Leaders in Canada list. The company's innovative mindset has led to significant milestones in the five years since Canadian legalization, despite industry challenges. Grover attributes success to team dedication and customer loyalty, and looks to solidify strength in Canada while exploring emerging markets in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
none
News
High Tide to Announce Fourth Quarter and Full Fiscal Year 2023 Financial Results
Rhea-AI Summary
High Tide Inc. (HITI) announced the release of its financial and operational results for the quarter and year ended October 31, 2023. The results will be available on SEDAR+, EDGAR, and the company's website. A webcast to discuss the financial results and plans for 2024 will be hosted by the CEO and CFO on January 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
earnings
Stock HITI logo
High Tide Inc.

Nasdaq:HITI

HITI Rankings

#3925 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.