Welcome to our dedicated page for High Tide news (Ticker: HITI), a resource for investors and traders seeking the latest updates and insights on High Tide stock.
High Tide Inc. (HITI) generates frequent news as a cannabis-focused retail and distribution company with operations in Canada, Germany, and global e-commerce. News about High Tide often centers on the expansion of its Canna Cabana retail chain, developments in its medical cannabis distribution business in Germany, and updates related to its hemp-derived CBD brands and online platforms.
Investors and followers of HITI can expect regular announcements about new Canna Cabana store openings across Canadian provinces such as Alberta and Ontario, as well as updates on international locations like the Berlin Canna Cabana store. These releases typically describe store locations, local market characteristics, and how new sites fit into High Tide’s broader retail strategy and discount club model.
High Tide’s news flow also includes participation in investor conferences, recognition in business rankings, and commentary on regulatory developments affecting cannabis and CBD markets. The company has issued news about being named to Canada’s Top Growing Companies list and about its ranking on the Financial Times list of Americas’ Fastest Growing Companies. It also publishes releases related to corporate milestones, such as entering the German medical cannabis market through Remexian Pharma GmbH.
On Stock Titan’s HITI news page, readers can review these company-issued updates in one place, including store expansion announcements, international growth initiatives, and regulatory or policy commentary that High Tide chooses to highlight. This makes the page a useful reference for tracking how the company describes its strategy, geographic footprint, and operational progress over time.
High Tide has completed its acquisition of an 80% interest in NuLeaf Naturals for US$31.24 million, marking its largest acquisition to date. This strategic move is expected to increase High Tide's annual run-rate international revenue from approximately CAD$10.6 million in 2020 to CAD$80 million. NuLeaf, a leader in cannabinoid wellness products, achieved significant revenue and EBITDA margins, generating US$19.4 million in revenue and US$5.26 million in adjusted EBITDA in the past year. High Tide aims to leverage NuLeaf’s capabilities for THC-infused products.
High Tide has completed its largest acquisition to date, acquiring an 80% stake in NuLeaf Naturals for US$31.24 million. The transaction is expected to significantly enhance High Tide's international revenue, boosting it from CAD$10.6 million to CAD$80 million annual run-rate. NuLeaf, known for its premium cannabinoid products, reported US$19.4 million in revenue and US$5.26 million in Adjusted EBITDA for the year ending September 30, 2021. The acquisition aligns with High Tide's strategy of expanding its e-commerce capabilities in the cannabis space.
High Tide Inc. has announced a definitive agreement to acquire 80% of NuLeaf Naturals for US$31.24 Million, enhancing its CBD market presence. This acquisition will boost High Tide's U.S. revenue run rate by approximately C$70 Million, leading to a pro forma annual revenue run rate of C$80 Million outside Canada. NuLeaf's revenue for the past year was US$19.4 Million, with a gross margin of 71%. The acquisition aims to leverage manufacturing synergies and expand product offerings across various platforms.
High Tide Inc. (HITI) has announced its acquisition of 80% of NuLeaf Naturals for US$31.24 million, boosting its U.S. revenue run rate by approximately 40% to C$70 million. NuLeaf generated US$19.4 million in revenue with 71% gross margins and 25% adjusted EBITDA margins in the past year. The strategic acquisition aims to enhance High Tide's global CBD presence, leveraging NuLeaf's innovative product lines and manufacturing capabilities. High Tide also anticipates significant cross-selling opportunities, with plans to expand NuLeaf products across its platforms.
On November 9, 2021, High Tide Inc. (HITI) announced the opening of its 104th retail cannabis store in Calgary, Alberta, marking its 58th location in the province. This new Canna Cabana store will serve residents of Calgary and the growing community of Chestermere, offering recreational cannabis products and accessories. The store aims to attract customers from the illicit market by providing steep member discounts and a wide selection. High Tide claims to be the largest cannabis retailer in Alberta and is committed to expanding its presence across Canada.
High Tide Inc. (HITI), Alberta's largest cannabis retailer, supports the proposed Bill 80, which seeks to end the government-run cannabis e-commerce portal, allowing private retailers to handle online sales and home delivery. This transition, expected to occur within 90 days of the bill's passage, aligns Alberta with Ontario and British Columbia's recent policy changes, promoting a free market for cannabis. The company also granted 100,000 stock options to employees and consultants, supporting its growth strategy and employee engagement.
High Tide Inc. (TSXV: HITI, Nasdaq: HITI) has opened two new Canna Cabana retail cannabis stores in Regina, Saskatchewan, and Hamilton, Ontario, bringing its total to 103 locations across Canada. The Regina store is in the Victoria Square Shopping Centre, while the Hamilton store is located in the Meadowlands Power Centre. CEO Raj Grover highlighted the company's focus on providing value to customers with low prices and a wide selection of products. The expansion reflects High Tide's strategy to grow through acquisitions and organic growth, targeting value-conscious consumers.
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High Tide Inc. has transitioned all Canna Cabana retail cannabis stores to a discount club model, enhancing its presence in the value segment and claiming the title of North America's largest cannabis discount retailer. The Cabana Club loyalty program offers exclusive low prices and benefits to over 245,000 members. This strategy aims to capture market share from the illicit cannabis sector, which accounts for 40% of sales, and reflects a successful pilot program that showed significant sales increases. High Tide plans to expand this model across Canada and potentially globally, leveraging its in-house brands.
High Tide has finalized its acquisition of an 80% stake in Blessed CBD for £9,064,000, enhancing its global e-commerce footprint. This marks High Tide's fifth e-commerce acquisition in 2021, increasing its e-commerce revenue run-rate from approximately $10.6 million to nearly $60 million. Blessed CBD, a leading CBD brand in the U.K. with significant site traffic, reported £5.1 million in revenue and £2.8 million in EBITDA for the year ending August 2021. The deal also includes options for High Tide to acquire the remaining 20% of Blessed CBD in three years.