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.

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High Tide Inc

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Post by albertaoildudeon Jun 26, 2020 5:53pm

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From CEO June 25th

High Tide Inc (CSE: HITI) (OTCQB: HITIF) CEO Raj Grover tells Proactive the Calgary-based cannabis firm recently revealed its 2Q earnings, increasing revenue by 197% from the previous year's quarter. Grover says within the firm's peer group, its the only one in the space to deliver adjusted positive EBITDA of $1.94 million. He adds the firm is quite confident going forward investors will see an increase in both revenue and gross margins.

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