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) maintains its position as Canada's leading vertically integrated cannabis retailer through continuous innovation in retail operations and e-commerce solutions. This news hub provides investors and industry observers with essential updates on corporate developments, financial milestones, and strategic initiatives within the evolving cannabis market.
Access authoritative information about HITI's retail expansions, technology implementations like the Fastendr kiosk system, and quarterly performance metrics. Our curated collection features official press releases covering earnings announcements, partnership agreements, product launches, and regulatory compliance updates.
Key focus areas include Canna Cabana store network growth, cannabis accessory innovations, and operational efficiency improvements. Users can track the company's progress in enhancing customer experiences through both physical retail locations and digital platforms while monitoring its competitive positioning within North American markets.
Bookmark this page for streamlined access to verified information about High Tide's business strategies, leadership decisions, and market responses. Regular updates ensure you maintain current awareness of developments affecting this dynamic cannabis enterprise.
High Tide announced the opening of its first Canna Cabana retail cannabis store in Huntsville, Ontario, set for June 6, 2024. This adds to its total of 172 stores in Canada and 63 in Ontario. Located at 17 Hanes Road, the store is strategically placed in a busy shopping plaza near major retailers. The area attracts 3.2 million seasonal visitors annually, making it a prime location for cannabis sales. CEO Raj Grover highlighted the store's role in expanding their portfolio and leveraging strong free cash flow to accelerate growth in Ontario and other provinces.
High Tide (Nasdaq: HITI) announced it will release its Q2 2024 financial results for the period ending April 30, 2024, on June 13, 2024, after market close. These results will be accessible via SEDAR+, EDGAR, and the company's website.
A webcast to discuss the results, hosted by CEO Raj Grover and CFO Mayank Mahajan, is scheduled for June 14 at 11:30 AM ET. Investors can pre-register for the webcast, and a replay will be available three hours after the live event. Participants can ask questions via local and toll-free call-in lines for both Canada and the United States, as well as a global dial-in option.
High Tide Inc. announced the opening of its 171st Canna Cabana store in Canada, the first in Pickering, Ontario. Situated in a prime retail location, this new store will offer recreational cannabis products and accessories for adult use. With a focus on strategic expansion in high-growth areas like Pickering, High Tide aims to capitalize on the city's population growth and retail opportunities.
High Tide Inc. announced the opening of its 170th Canna Cabana store in Ajax, Ontario, marking the 61st store in the province and the 2nd in Ajax. The new store offers recreational cannabis products and accessories for adult use, situated in a prime location with growth potential. With plans to open more locations between Toronto and Ottawa, High Tide aims to reach 300 stores nationwide.
High Tide Inc. announced the opening of its Canna Cabana retail cannabis store in Owen Sound, Ontario, marking the 60th location in Ontario and 169th in Canada. The strategic location near major retailers is expected to attract customers. The company's Founder and CEO, Raj Grover, expressed excitement for future expansions in 2024, emphasizing strong cash flow generation and rapid growth plans.
High Tide Inc. announced the appointment of Mayank Mahajan as the new Chief Financial Officer, bringing extensive financial expertise across various sectors. The company also granted stock options and restricted share units to officers, directors, and employees. The appointment aims to drive sustainable growth, improve financial accountability, and enhance corporate governance.
High Tide Inc. welcomes the Biden administration's move to reschedule cannabis from Schedule I to Schedule III, potentially allowing companies to deduct business expenses. The company sees this as a historic moment for cannabis reforms in the U.S., aiming to support the growth of a legal sector and displace the illicit market, with positive implications for its international prospects.
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