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High Tide Inc V.HITI

Alternate Symbol(s):  HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.


TSXV:HITI - Post by User

Post by Dude51on Jan 30, 2024 10:37am
76 Views
Post# 35852503

Shake shake shake, wa wa wa. Shake that tree, lol

Shake shake shake, wa wa wa. Shake that tree, lol Hang in, why would this stock be going down? One reason or link(preferriable)? Some entity just fookin with this stock, makes no cents? Plus look to the US if you need more incentive.

Time ET Ex Price Change Volume Buyer Seller Markers
10:29:03 V 2.47 -0.13 100 1 Anonymous 1 Anonymous K
10:28:38 V 2.47 -0.13 100 79 CIBC 1 Anonymous K
10:28:15 V 2.47 -0.13 100 7 TD Sec 1 Anonymous K
10:28:06 V 2.46 -0.14 2,100 1 Anonymous 7 TD Sec K
10:27:37 V 2.46 -0.14 100 79 CIBC 7 TD Sec K
10:27:37 V 2.46 -0.14 100 79 CIBC 7 TD Sec K
10:27:37 V 2.46 -0.14 100 79 CIBC 7 TD Sec K
10:26:57 V 2.45 -0.15 100 79 CIBC 80 National Bank K
10:26:57 V 2.45 -0.15 100 79 CIBC 80 National Bank K
10:26:37 V 2.45 -0.15 100 79 CIBC 1 Anonymous K
From Stockwatch:
  • Revenue increased by 37% to $487.7 million for the year ended October 31, 2023, and increased sequentially by 2% to $127.1 million in the fourth fiscal quarter of 2023
  • Free cash flow increased from $4.1 million in the third fiscal quarter of 2023 to $5.7 million in the fourth fiscal quarter of 2023, representing an increase of 40% sequentially. Annualizing this quarter's performance results in a free cash flow yield of 11% on the Company's enterprise value as of the close of January 26, 2024 5
  • Gross profit increased by 30% to $131.3 million for the year ended October 31, 2023. Gross profit for the fourth fiscal quarter of 2023 was $33.0 million, representing an increase of 12% year-over-year and 3% sequentially, excluding the one-time $2.4 million impact from the repeal of Manitoba's SRF in the third fiscal quarter of 2023
  • Gross margin was 27% for the year ended October 31, 2023. Gross margin for the fourth fiscal quarter of 2023 was 26%, fairly consistent versus 27% in the fourth fiscal quarter of 2022 and equal to the third fiscal quarter of 2023, excluding the impact from Manitoba's SRF
  • Adjusted EBITDA 6 was a record $30.6 million for the year ended October 31, 2023, up 110% year-over-year, and was also a record at $8.4 million for the fourth fiscal quarter of 2023, up 7% sequentially, Superscript 2 and was up 67% versus the fourth fiscal quarter of 2022. Adjusted EBITDA margin for the year ended October 31, 2023 was 6.3%, versus 4.1% for the year ended October 31, 2022. Adjusted EBITDA margin in the fourth fiscal quarter of 2023 was 6.6%, which compares to 4.6% in the fourth fiscal quarter of 2022 and 6.3% Superscript 2 in the third fiscal quarter of 2023
  • Salaries, wages and benefits represented 11.6% of revenue for fiscal 2023, compared to 12.3% in fiscal 2022. In the fourth fiscal quarter of 2023, salaries, wages and benefits represented 11.6% of revenue, compared to 12.1% in the fourth fiscal quarter of 2022, and 11.1% in the third fiscal quarter of 2023
  • General and administrative expenses represented 5.5% of revenue for fiscal 2023, compared to 7.3% in fiscal 2022. In the fourth fiscal quarter of 2023, general and administration expenses represented 5.3% of revenue, compared to 7.4% in the fourth fiscal quarter of 2022 and was consistent with the prior quarter
  • Revenue from the Cabanalytics Business Data and Insights platform, including ad revenue, was $26.3 million for fiscal 2023, compared to $21.7 million for fiscal 2022, representing an increase of 21% year-over-year. Cabanalytics revenue grew to $6.8 million in the fourth fiscal quarter of 2023, representing an increase of 3% sequentially
  • The Company's locations generated same-store sales growth of 13% year-over-year and 3% sequentially. Over the last eight quarters, the Company's same-store sales are up a remarkable 110%
  • During the fourth fiscal quarter of 2023, the Company completed its annual impairment testing. Driven primarily by a global post-pandemic slowdown in e-commerce sales, to which the Company's e-commerce assets have not been immune, the Company experienced non-cash impairment charges primarily relating to goodwill of $34.3 million. However, these assets represent less than 9% of the Company's consolidated revenues for the fourth fiscal quarter of 2023. Loss from operations was $34.2 million in the fourth fiscal quarter of 2023. Excluding the impact of these non-cash charges, the Company generated positive income from operations in the fourth fiscal quarter of 2023
  • Cash on hand as of October 31, 2023, was a record $30.1 million, compared to $25.1 million as of October 31, 2022, and $25.7 million as of July 31, 2023
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