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 > HITI revenu

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Comment by DirtyCadillac69on Jan 22, 2021 11:16am

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RE:HITI revenu

High Tide's 2020 Highlights:

Acquired Meta to become the largest retailer in Canada by revenue, which increased High Tide's store count from 37 to 67 locations.
Adjusted EBITDA for the three months ended July 31, 2020 was $3.96 million compared to $1.94 million for the second quarter ended April 30, 2020.
Total revenue increased by 184% for the nine-month period ended July 31, 2020, as compared to same period last year.
E-commerce revenue increased by 137% during the year and launched CBDcity.com in May of 2020.
Gross profit margin for the three months ended July 31, 2020 increased to 40%, which leads the Company's peer group.
Over 55% of daily retail cannabis transactions are currently conducted by Cabana Club members.
Launched Valiant Distribution to streamline the distribution and sales of wholesale products.
Improved the Company's balance sheet through several transactions, most notably including restructuring $10.8 million of debt into an interest-free debenture due in 2025.
For the period ended July 31, 2020, 23% of the Company's revenue was generated in the US.
First Canadian or U.S. cannabis retailer to apply to list on Nasdaq.