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 has expanded its retail footprint with the opening of two new Canna Cabana stores in North York and Winnipeg, increasing its total locations to 147 across Canada. The North York store is strategically located near major retailers and York University, while the Winnipeg store is situated in a busy shopping mall. High Tide's retail approach emphasizes high-traffic locations, with per-store sales in Ontario exceeding the provincial average. The company is on track to reach its goal of 150 stores by the end of 2022.
High Tide Inc. (Nasdaq: HITI) announced the opening of its 145th Canna Cabana cannabis retail location in Stittsville, Ontario, marking its 47th store in the province. This new store, situated in a suburban area with a strong technology and public service workforce, is aimed at expanding High Tide's market presence. The CEO, Raj Grover, emphasized the company's commitment to rapid expansion in successful markets, particularly in Ottawa, where existing stores have exceeded performance expectations. High Tide continues to innovate within the cannabis retail space, reflecting a robust growth strategy.
High Tide has opened two new Canna Cabana retail stores in Ontario, increasing its total store count in the province to 46. The Kitchener store at 235 Ira Needles Blvd is now operational, while the Barrie store at 201 Cundles Road E is set to open shortly. These stores are part of High Tide's strategy to expand its presence across Canada, with a goal of reaching 150 stores by the end of 2022. This expansion highlights High Tide's focus on the growing cannabis market, particularly in regions with strong demographics for cannabis consumption.
High Tide Inc. (HITI) has initiated the sale of cannabis seeds in the United States through its subsidiaries, Grasscity and Smoke Cartel. This move follows a recent ruling by the American DEA classifying cannabis seeds as hemp, allowing for legal sales. The cannabis seeds market is projected to grow from USD 1.3 billion in 2021 to USD 6.5 billion by 2031, with a CAGR of 18.4%. High Tide aims to leverage its strong e-commerce platforms, which have generated substantial traffic, to enhance its market presence and gross margins. Additionally, the Company granted 106,635 restricted share units to directors.
High Tide Inc. (HITI) has launched Cabana Elite, a paid membership program aimed at enhancing customer loyalty within its Cabana Club. The program offers exclusive benefits like discounts on products and services, with the first year priced at just $2.50 per month to encourage adoption. The existing Cabana Club boasts over 860,000 members, making it Canada’s largest cannabis loyalty program. The initiative is expected to drive revenue growth and strengthen High Tide's position in the retail cannabis market.
High Tide has launched a new paid membership program called Cabana Elite, designed for its existing Cabana Club members. This program offers exclusive benefits, including discounts on products and flash sales. For a limited time, the membership fee is reduced to $2.50 per month, a 50% discount. With over 860,000 current Cabana Club members, this initiative aims to enhance customer loyalty and expand the customer base. Additionally, High Tide has granted 25,000 stock options to employees as part of its incentive plan.
High Tide Inc. (NASDAQ: HITI) has become the top revenue-generating cannabis company in Canada, according to New Cannabis Ventures. The Company opened its 142nd Canna Cabana location in Windsor, Ontario, enhancing its retail presence. Key metrics include quarterly sales of
High Tide Inc. (HITI) has announced that its Colorado-based subsidiary, NuLeaf Naturals, launched Full Spectrum Multicannabinoid oil and plant-based softgels for sale in Manitoba via the Manitoba Liquor & Lotteries Corporation. The oil, available in 1800 ml containers at 12 mg/ml concentration, features Delta 9, CBD, CBC, CBG, and CBN. The softgels contain 3 mg of each cannabinoid in packs of 120. Following recent listings in Ontario, this expansion aims to enhance access for consumers across Canada. High Tide continues its commitment to innovation in the cannabinoid market.
High Tide Inc. (NASDAQ: HITI) announced the opening of its 141st Canna Cabana retail cannabis store at 5628 Dunbar Street, Vancouver, as of October 25, 2022, at 4:20 PM. This marks their third location in Vancouver and fourth in British Columbia. The new store aims to serve both local residents and visitors, being strategically located near a major grocery chain and colleges with over 80,000 combined students. High Tide continues to expand its discount club model, enhancing its presence in a major cannabis market with plans to operate eight stores in BC by year-end.
High Tide Inc. (NASDAQ: HITI) has announced that its subsidiary, NuLeaf Naturals, has successfully listed its Full Spectrum Hemp Multicannabinoid oil and plant-based softgels for sale in Ontario. This approval from the Ontario Cannabis Store allows NuLeaf's products—featuring five cannabinoids including Delta 9, CBC, CBD, CBG, and CBN—to reach Canadian consumers. These products will be available in 1800 ml containers and 120-pack softgel formats. The launch in Ontario marks a significant milestone for NuLeaf, aiming to capture market share in Canada and combat illicit CBD sales.
