High Tide, Inc. (TSE:HITI) has released an update.
High Tide, Inc. has announced its Q1 2024 financial results, revealing a significant year-over-year increase in revenue, achieving $128.1 million, and marking a record $10.4 million in adjusted EBITDA. The company also reported a third consecutive quarter of positive free cash flow, totaling $13.3 million over the past three quarters, and highlighted a break-even net income. These achievements underscore High Tide’s growth and robust financial health as North America’s second-largest cannabis retailer by store count.
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