Bounce Back !Nice to see a bounce back from yesterday's lows. Way overdone!
This take down in share price was started a couple weeks ago on the rumor of financing. It was just a rumor!
The CEO has stated it would not tap into financing unless it abolutely had to!
In the mean time, there were a couple press releases of stores openings; 3 additional locations (2 in Ontarion and 1 in alberta).
Above all, High Tide Chief Executive Raj Grover states "This remarkable growth has been driven by our strong free cash flow, allowing us to expand without tapping into our cash reserves".
The company said it would end 2024 having opened 29 stores across Canada, which is in line with their publicly stated goal of adding 20 to 30 locations accross Canada this year.