Welcome to our dedicated page for High Tide Common Shares news (Ticker: $HITI), a resource for investors and traders seeking the latest updates and insights on High Tide Common Shares stock.
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 Common Shares'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.
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High Tide Inc. announces the opening of its 167th Canna Cabana retail cannabis store in Mississauga, Ontario, marking the 58th in the province and the 4th in the city. The store is strategically located within a major retail power center and aims to cater to adult consumers with recreational cannabis products and accessories. CEO Raj Grover expresses excitement for continued growth and expansion, highlighting the company's innovative Cabana Club membership model and long-term market objectives.
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End-of-Day
4.26%
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Rhea-AI Summary
High Tide Inc. announces the opening of its 166th Canna Cabana retail cannabis store in Canada, the 3rd in Mississauga, Ontario. The company aims to capitalize on the growing cannabis market in Ontario and expand its Cabana Club membership internationally. Additionally, the Board of Directors approved the grant of 95,976 restricted share units to officers of the Company.
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End-of-Day
0.56%
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Rhea-AI Summary
High Tide Inc. reports strong financial results for the first fiscal quarter of 2024, with revenue reaching $128.1 million, adjusted EBITDA of $10.4 million, and $3.6 million of free cash flow. The company remains the second-largest cannabis retailer in North America, generating record income and positive net income. High Tide's focus on responsible growth has led to robust free cash flow generation, a significant increase in adjusted EBITDA margin, and strong cost controls. The company's ELITE program continues to drive membership growth and market share expansion.
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-5.49%
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High Tide Inc. announces the acquisition of all IP, including trademarks and assets of the Queen of Bud brand, expanding its international brand portfolio. Founder Ashley Newman to become global brand ambassador. Queen of Bud's popular cannabis product portfolio is available in Canada, with ancillary products in the US and Europe. The acquisition strengthens High Tide's brand roster, offering growth opportunities and value to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.64%
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High Tide Inc. announced the opening of its 165th Canna Cabana retail cannabis store in Toronto, marking the 55th in Ontario and the 11th in Toronto. The store is strategically located at a high-traffic area near Toronto's gay village, aiming to attract locals and tourists. The CEO highlighted the city's population density and tourist influx, emphasizing the store's accessibility and potential for success.
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Rhea-AI Sentiment
End-of-Day
-2.35%
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Rhea-AI Summary
High Tide Inc. announces the opening of its 164th Canna Cabana retail cannabis store in Mississauga, Ontario, marking the 55th location in the province and the 2nd in Mississauga. The store is strategically located in a high-traffic retail plaza, surrounded by a large residential population. With plans to expand to 300 locations in Canada, High Tide aims to capitalize on Ontario's increased retail cannabis store cap of 150.
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Rhea-AI Sentiment
End-of-Day
-3.41%
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High Tide Inc. announces the release of financial and operational results for the quarter ended January 31, 2024. The company will host a webcast to discuss the results and future prospects.
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0.57%
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High Tide Inc. welcomes Germany's vote to legalize recreational cannabis, positioning the country as the second G7 nation to allow consumption and cultivation for adults. The approval sets the timeline for personal use by April 1, 2024, with social clubs operating by July 1st. The government plans to draft laws for commercial supply chains and cannabis specialty stores.
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Rhea-AI Sentiment
End-of-Day
5.85%
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High Tide Inc. has been recognized for the second time in three years by the TSX Venture Exchange as a 2024 Top 50 Performer, ranking fifth in the top 10 diversified industries sector. The company is the only Canadian cannabis company included in the rankings, showcasing its strength in share price appreciation, trading volume, and market capitalization growth.
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Rhea-AI Sentiment
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-2.29%
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High Tide Inc. (HITI) expands its wholesale and distribution services into Manitoba through Valiant Distribution Canada, strengthening strategic relationships and expertise in the cannabis value chain. The agreement with the Manitoba Liquor and Lotteries Corporation enables Valiant to warehouse and distribute cannabis products to licensed retailers in the province.
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High Tide Inc. Common Shares
Nasdaq:HITI
HITI Rankings
HITI Stock Data
183.92M
71.28M
9.21%
10.9%
3.96%
All Other Miscellaneous Store Retailers (except Tobacco Stores)
Retail Trade
United States of America
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.