HITI

High Tide
HITI

$2.33
0%
 

About: High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.

Employees: 1,449

0
Funds holding %
of 6,656 funds
Analysts bullish %
0
News positive %
of 10 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

1,258% more call options, than puts

Call options by funds: $952K | Put options by funds: $70.1K

1.0% less ownership

Funds ownership: 5.75% [Q3] → 4.75% (-1.0%) [Q4]

17% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 6

19% less funds holding

Funds holding: 31 [Q3] → 25 (-6) [Q4]

27% less capital invested

Capital invested by funds: $7.99M [Q3] → $5.8M (-$2.19M) [Q4]

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$4.5
93%
upside
Avg. target
$4.5
93%
upside
High target
$4.5
93%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Roth MKM
Scott Fortune
93%upside
$4.5
Buy
Reiterated
25 Mar 2024

Financial journalist opinion

Based on 10 articles about HITI published over the past 30 days