Stock Data
$0.08 (3.57%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
HEALTHCARE
Industry
PHARMACEUTICAL RETAILERS
High Tide Inc. is a leading player in the cannabis industry, primarily operating in Canada, the U.S., and internationally. With a focus on retail and wholesale, the company runs licensed cannabis stores and offers data analytics services. High Tide also stands out for manufacturing and distributing consumption accessories, selling products online through its e-commerce platform. Its portfolio includes well-known brands like Daily High Club, DankStop, FABCBD, and more. Founded in 2009 and based in Calgary, Canada, High Tide has evolved significantly since its inception.
High Tide swung to net profitability on a 30% revenue surge to $128.2 million, with Adjusted EBITDA jumping 73% as its Remexian European acquisition and domestic retail expansion both accelerated.
High Tide reports after the close today as investors gauge whether the Canadian cannabis retailer's discount club model can capture market share while rivals like Canopy Growth gain momentum.
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