HITI
High TideHITI
HITI
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 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
316% more call options, than puts
Call options by funds: $873K | Put options by funds: $210K
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
6% more funds holding
Funds holding: 31 [Q2] → 33 (+2) [Q3]
0.31% less ownership
Funds ownership: 4.33% [Q2] → 4.02% (-0.31%) [Q3]
6% less capital invested
Capital invested by funds: $7.58M [Q2] → $7.09M (-$486K) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4.50
29%
upside
Avg. target
$4.50
29%
upside
High target
$4.50
29%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Roth MKM Scott Fortune 14% 1-year accuracy 1 / 7 met price target | 29%upside $4.50 | Buy Reiterated | 18 Sept 2024 |
Financial journalist opinion
Based on 12 articles about HITI published over the past 30 days
Positive
Benzinga
1 day ago
NASDAQ-Listed High Tide Under The Magnifying Glass: Key Insights For Cannabis Investors
We've been offering some mid-term analysis for main cannabis stocks and now it's High Tide's HITI turn. The occasion couldn't be better, since the stock recently surged 21% in the previous rounds.
Positive
Seeking Alpha
2 days ago
High Tide: Strategic Expansions Drive Impressive Growth While Remaining Undervalued
I am bullish on High Tide due to its strategic expansions, particularly in Canada, which have driven significant revenue growth. HITI's impressive expansion included opening 23 new stores by July 2024, contributing to a 6% YoY revenue increase and a 12% market share in Canada. Despite challenges in the U.S. and international markets, the Company's strategic focus on e-commerce and potential physical store investments position it for future growth.
Positive
Seeking Alpha
2 days ago
High Tide: Cabana Club Goes Global
High Tide announced the global expansion of Cabana Club with CBD, accessory, and snack sales into the US, EU, and UK markets. The immediate earnings potential is limited, but the strategic potential of the brand's market expansion is significant. HITI stock remains undervalued despite a recent rally, and I estimate an upside of 47% into a fair value of $5.02 even with conservative international expansion and margin potential.
Positive
Benzinga
2 days ago
NASDAQ-Listed Weed Stock, High Tides Surges Over 21% In Last Two Sessions
Data from Benzinga Pro shows High Tide Inc. HITI shares experienced a significant surge, gaining over 21% in the last two trading sessions, closing at $3.47 on Monday, December 2.
Positive
Zacks Investment Research
2 days ago
High Tide Inc. (HITI) Hit a 52 Week High, Can the Run Continue?
High Tide (HITI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Neutral
PRNewsWire
3 days ago
High Tide Marks Cyber Monday by Taking Cabana Club Global
The Company Simplifies and Unites its Retail Ecosystem Under the Cabana Club Banner. Cabana Club Expands Coverage Beyond Canada to Cover the Entire United States, European Union, and United Kingdom.
Neutral
PRNewsWire
1 week ago
High Tide Opens Second Canna Cabana in Scarborough, Ontario
CALGARY, AB , Nov. 25, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 2432 Eglinton Avenue East, Scarborough, Ontario has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide's 188th Canna Cabana branded retail cannabis location in Canada, the 74th in the province of Ontario, the 11th in the city of Toronto, and second in the borough of Scarborough.
Positive
Zacks Investment Research
2 weeks ago
Is It Worth Investing in High Tide (HITI) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Neutral
PRNewsWire
2 weeks ago
High Tide to Open Third Canna Cabana in Hamilton, Ontario
CALGARY, AB , Nov. 18, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 1508 Upper James Street, Hamilton, Ontario will begin selling recreational cannabis products and consumption accessories for adult use this week. This opening will mark High Tide's 187th Canna Cabana branded retail cannabis location in Canada, the 73rd in the province of Ontario and the third in the city of Hamilton.
Positive
MarijuanaStocks
2 weeks ago
3 Marijuana Stocks For Today Watchlist
The future of cannabis investing rests in the hands of politicians who may not have the industry's best interests at heart. Right now, the majority of marijuana stocks are feeling the impact of cannabis politics surrounding reform and regulatory issues. Each party, Republicans and Democrats, walks a different path to passing comprehensive reform and looking at the sector as a whole.
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