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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 Recaps Key Milestones of 2023
Rhea-AI Summary
High Tide Inc. (HITI) Pays Down $2.8M from Convertible Debenture Balance, Reflects on Record Growth and Achievements in 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
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News
High Tide to Open First Canna Cabana in Mississauga, Ontario
Rhea-AI Summary
High Tide Inc. (HITI) Enters Mississauga, Ontario with New Canna Cabana Retail Store
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
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News
High Tide Opens Second Canna Cabana in Kanata, Ontario
Rhea-AI Summary
High Tide Inc. (HITI) Opens 161st Canna Cabana Store in Kanata, Ontario
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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none
News
High Tide Opens 160th Canna Cabana Location, the First on Tsuut';ina Nation
Rhea-AI Summary
High Tide Inc. (HITI) announces the opening of its 160th Canna Cabana retail cannabis store in Canada, the 78th in Alberta, and the first on the Tsuut'ina Nation. The store is strategically located in a high-traffic retail power center, aiming to cater to the community members, residents, and ELITE and Cabana Club members within a two-kilometer radius. The CEO, Raj Grover, expresses excitement about the new store's potential for high revenue and acknowledges the partnerships with First Nations communities in Manitoba. The President of Taza Development Corp. also expresses confidence in the addition of the new store to the retail mix.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
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News
High Tide to Open New Canna Cabana Store in Winnipeg, Manitoba
Rhea-AI Summary
High Tide Inc. (HITI) announces the opening of its 159th Canna Cabana retail cannabis store in Canada, the 11th in Manitoba, and the 6th in Winnipeg. The new store is located in Osborne Village, a high-density neighborhood, and will offer recreational cannabis products and consumption accessories for adult use starting December 1, 2023. The location is strategically positioned near national and provincial anchor stores, as well as various restaurants and retail businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.89%
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News
High Tide Opens New Canna Cabana Store in Former Kiaro Location
Rhea-AI Summary
High Tide Inc. (HITI) announces the opening of its 158th Canna Cabana retail cannabis store in Saskatoon, Saskatchewan, the 11th in the province and the 2nd in the city. The new store is strategically located in the downtown community of Riversdale, a growing market with a population of over 250,000. High Tide's CEO, Raj Grover, emphasizes the cost-saving strategy of targeting prime pre-existing cannabis retail locations for new stores, highlighting the company's expansion efforts in the hypercompetitive Canadian cannabis landscape. The company also plans to open more locations before the end of the year, focusing on providing unique and compelling products at unbeatable prices to its loyal club members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
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none
News
High Tide Opens New Canna Cabana Location on Davie Street in Vancouver, British Columbia
Rhea-AI Summary
High Tide Inc. (HITI) expands its retail cannabis operations by acquiring assets of Canadian Cannabis Media Corp. in Vancouver. The $1.33 million transaction includes a fully outfitted store, bringing High Tide's total Canna Cabana retail cannabis stores in British Columbia to 8. The Davie Street location is strategically situated in a vibrant neighborhood with minimal competition, catering to residents and tourists.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
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News
High Tide Announces Purchases of Shares by Insiders
Rhea-AI Summary
High Tide Inc. (HITI) announced that certain insiders acquired 125,917 common shares at an average price of $1.88 per share, reflecting confidence in the stock's value and growth prospects. Insiders now own 9.37% of the company's issued and outstanding shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.9%
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News
High Tide Restructures $8.9 Million of Outstanding Secured Debt
Rhea-AI Summary
High Tide Inc. has completed a restructuring of $8.9 million of its outstanding debt held by a key industry lender. The debt was settled in common shares of High Tide at a deemed price of $2.0168 per share. Future structured payments have been changed to a semi-annual obligation. High Tide has reduced its outstanding debt to $32 million, representing 1.2 times the Adjusted EBITDA reported over the past four quarters. The company has also grown its annual revenue to over half a billion dollars and generated $4.1 million in free cash flow during the last reported quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
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none
News
High Tide Opens Canna Cabana Store in Former Fire & Flower Location
Rhea-AI Summary
High Tide Inc. announces the opening of its Canna Cabana retail cannabis store in Calgary, Alberta. This marks High Tide's 157th Canna Cabana location in Canada and the 78th in Alberta. The store is strategically located in a major retail power center and surrounded by high-density residences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.96%
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Stock HITI logo
High Tide Inc.

Nasdaq:HITI

HITI Rankings

#3855 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.