High Tide Inc V.HITI

The path to “profitability” will come.

[Ronbromleygross]

"To get to profitability, we need to stay ahead of our competition and capitalize on quality growth opportunities as they present themselves. We expect to develop one of the largest cannabis [brick and mortar] store portfolios in the U.S. once we are able to participate in that market. We have been in conversations with multiple U.S. groups for a potential acquisition. And given our access to U.S. cannabis retail operators, our track record of executing large M&A deals and being skilled at winning licenses organically positions us well for future growth in the U.S. THC market when the time comes."

High Tide CEO On M&A, New Products And 3 Factors Holding The Cannabis Stock Back - High Tide (NASDAQ:HITI)

M&A is down across most industries, yet High Tide HITI remains on the hunt for targets. "Our M&A strategy is a marked departure from other companies," CEO Raj Grover tells Benzinga. The Calgary, Alberta-based company had an active year and will likely keep busy in 2023.