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 Inc. (HITI) announced the conversion of most of its senior secured debt into common shares, facilitating the finalization of a credit facility with a Canadian bank. The company has reduced over $40 million of debt in six months and currently holds $31.6 million total debt, with only $3.8 million due in the next year. Following a $23.6 million equity offering, High Tide's Adjusted EBITDA reached $4.6 million in the latest quarter. Additionally, the company has been included in the AdvisorShares Pure Cannabis ETF (NYSE: YOLO), enhancing visibility among investors.
High Tide Inc. (TSXV: HITI, NASDAQ: HITI) has opened a new Canna Cabana retail store in Calgary, Alberta, marking its 88th location for selling recreational cannabis products and accessories in Canada. This store, located on a high-traffic road, reinforces the company’s position in the Calgary market. CEO Raj Grover emphasized the importance of expanding both their brick-and-mortar and e-commerce operations in North America and Europe. High Tide is recognized as the most profitable Canadian retailer of recreational cannabis based on Adjusted EBITDA.
High Tide Inc. has achieved a significant milestone as the first major publicly traded cannabis retailer to list on the Nasdaq under the ticker symbol HITI. This development is expected to enhance liquidity and attract a broader range of retail and institutional investors globally. The company's strategy focuses on strengthening its integrated value chain, with 87 retail locations across Canada and a portfolio of consumption accessory businesses. High Tide aims to optimize its capital costs and broaden its market appeal through this strategic listing.