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High Tide
(NASDAQ:HITI)
High Tide (HITI) vs. S&P 500 (SPY)
High Tide Business Overview & Revenue Model
High Tide Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 536.70M | 522.31M | 487.67M | 356.85M | 181.12M | 83.27M | Gross Profit |
| 118.47M | 142.50M | 131.31M | 100.95M | 63.98M | 30.81M | EBIT |
| 3.40M | 5.00M | -41.42M | -20.11M | -18.74M | -677.00K | EBITDA |
| 31.95M | 33.78M | -4.20M | -33.65M | -1.96M | 8.54M | Net Income Common Stockholders |
| -6.80M | -4.34M | -39.31M | -70.85M | -35.04M | -6.35M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.77M | 47.98M | 30.26M | 25.28M | 14.87M | 7.57M | Total Assets |
| 11.11M | 246.21M | 233.40M | 274.74M | 246.22M | 69.81M | Total Debt |
| 19.26M | 74.61M | 72.53M | 69.88M | 55.43M | 46.97M | Net Debt |
| 18.19M | 27.35M | 42.41M | 44.80M | 41.41M | 39.44M | Total Liabilities |
| 20.77M | 100.70M | 99.73M | 112.71M | 94.21M | 58.09M | Stockholders Equity |
| -9.66M | 143.27M | 131.56M | 156.35M | 147.21M | 10.17M |
| Cash Flow | Free Cash Flow | ||||
| 18.94M | 25.80M | 14.58M | -4.56M | -13.54M | 6.08M | Operating Cash Flow |
| 29.36M | 35.55M | 20.66M | 4.50M | -2.83M | 8.85M | Investing Cash Flow |
| -11.68M | -11.01M | -5.72M | -8.59M | -28.49M | -3.30M | Financing Cash Flow |
| -13.52M | -7.72M | -9.26M | 15.17M | 37.81M | 1.17M |
High Tide Technical Analysis
High Tide Peers Comparison
High Tide Earnings Call Summary
High Tide Corporate Events
High Tide Inc. announced the opening of a new Canna Cabana store in Cornwall, Ontario, expanding its footprint to 197 locations across Canada. This strategic expansion, supported by free cash flow and a focus on high-quality real estate, aims to capitalize on the growing demand in Cornwall’s east end, a high-traffic area with minimal competition. The company anticipates reaching its 200th store milestone by the end of May, highlighting its disciplined, demand-driven growth strategy.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide’s strong revenue growth and operational improvements are significant positives, yet the company’s ongoing profitability challenges and bearish technical indicators weigh heavily on the overall score. Valuation metrics are unattractive due to negative earnings and lack of dividends, further impacting the score. While the earnings call reflects positive sentiment for long-term growth, the ability to turn growth into sustainable profits remains crucial for future stock performance improvement.
To see Spark’s full report on TSE:HITI stock, click here.
High Tide Inc. reported approximately CAD $6.8 million in retail sales during the ‘4/20’ long weekend, marking a 10% increase from the previous week. The company also completed its largest-ever 4/20 giveaway, awarding a $100,000 cash prize to an ELITE member from Winnipeg. This event highlights the company’s strong sales momentum and successful customer-first strategy, positioning Canna Cabana as a leading retail brand for cannabis enthusiasts in Canada. Additionally, High Tide granted 136,000 incentive stock options to employees, consultants, and management, reflecting its commitment to rewarding and motivating its workforce.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide shows strong revenue growth and potential for long-term expansion, particularly with its strategic store openings and international market entry plans. However, ongoing profitability challenges, as reflected in negative earnings and adjusted EBITDA decline, weigh heavily on the overall score. Technical indicators signal caution with potential bearish momentum. The lack of dividend yield and negative P/E ratio further impact the valuation negatively. Despite positive earnings call sentiment and strategic initiatives, the company’s ability to turn growth into sustainable profits remains crucial for future stock performance improvement.
To see Spark’s full report on TSE:HITI stock, click here.
High Tide Inc. has announced a change in its auditing firm, transitioning from Ernst & Young LLP to Davidson & Company LLP, effective April 17, 2025. This change, made at the company’s request and approved by its board of directors, is part of its continuous efforts to enhance its operational efficiency. The transition is not expected to impact the company’s financial reporting, as there were no reservations or modified opinions in previous audits. This move reflects High Tide’s proactive approach to maintaining robust financial practices, potentially strengthening its position in the competitive cannabis industry.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide’s strong revenue growth and strategic expansion are tempered by ongoing profitability challenges and bearish technical indicators. While the earnings call reflects positive long-term growth prospects, the valuation is unattractive due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:HITI stock, click here.
High Tide Inc. has opened a new Canna Cabana store in Cochrane, Alberta, marking its 196th location in Canada and 85th in Alberta. This expansion is strategically positioned to serve over 8,000 residents with no nearby cannabis retail competition, enhancing High Tide’s market presence in the region. Additionally, the company is progressing in its efforts to enter the German medical cannabis market, leveraging its substantial Canadian sales history to become a major importer and distributor in Germany, which could significantly impact its international growth and stakeholder interests.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide’s strong revenue growth and strategic expansion are tempered by ongoing profitability challenges and bearish technical indicators. While the earnings call reflects positive long-term growth prospects, the valuation is unattractive due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:HITI stock, click here.
High Tide Inc. announced the opening of a new Canna Cabana retail cannabis store in Kitchener, Ontario, increasing its total store count to 195 locations across Canada. Positioned in a high-visibility area with strong growth potential, the new store aims to capitalize on a young, growing population and nearby residential developments. Despite macroeconomic challenges, High Tide remains committed to disciplined growth and maximizing free cash flow, with a focus on building a resilient business. Additionally, the company has adopted a shareholder rights plan to ensure compliance with cannabis laws and protect shareholder interests in the event of unsolicited take-over bids.
Spark’s Take on TSE:HITI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HITI is a Neutral.
High Tide demonstrates strong revenue growth and operational improvements, yet continues to struggle with profitability, as reflected in its financial performance and valuation metrics. While the earnings call highlighted key growth areas, ongoing challenges such as EBITDA declines and market expansion uncertainties temper enthusiasm. Technical indicators suggest bearish momentum, adding caution to the outlook.
To see Spark’s full report on TSE:HITI stock, click here.
High Tide Inc. announced it will release its first fiscal quarter 2025 financial results on March 17, 2025. The company will host a webcast on March 18, 2025, to discuss these results and future plans, highlighting its strategic positioning in the cannabis industry. This announcement is significant for stakeholders as it provides insights into High Tide’s operational performance and future growth prospects.
High Tide Inc. is set to expand its retail footprint in Ontario with the opening of two new Canna Cabana stores in Collingwood and Cambridge. These new locations, strategically positioned to attract both local residents and tourists, will enhance the company’s market presence and accessibility to legal cannabis. The Collingwood store is located in a high-traffic area popular with tourists, while the Cambridge store benefits from a dense residential area with limited competition. This expansion marks a step towards High Tide’s milestone of 200 stores nationwide, reinforcing its commitment to providing affordable cannabis through its innovative discount club model.
High Tide Inc. has paused its acquisition of a 51% interest in Purecan GmbH, initially intended to facilitate its entry into the German medical cannabis market. The company is now exploring alternative arrangements with Purecan to maintain its planned commercial exposure in Germany, while remaining committed to finding other opportunities in the market. This strategic reassessment underscores High Tide’s dedication to expanding its presence in the international cannabis market, despite uncertainties in the current transaction.
High Tide Inc. has been recognized by the TSX Venture Exchange as one of the Top 50 companies for the second consecutive year, ranking 21st for 2024. This recognition highlights the company’s successful operations in the Canadian cannabis market and its strategic expansion into international markets such as Germany. High Tide’s Canna Cabana brand has contributed significantly to its growth, boasting over 1.7 million members in its loyalty program. The company continues to position itself as a leader in the cannabis industry by expanding its brand offerings and market reach.