High Tide Inc V.HITI

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

[Dude51]

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

[paradini]

2 things after reviewing the financials. That can be seen by some as quite negative. Q4- eps (.39) profit margin dropped by 1%.  For a growth company a drop on margin is not great.  this company is betting longer term... rapid expansion will mean more share dilution, or more debt.  This unfortunately will hold the share price back until the fruits ripen.  Here's to

[pacer217]

That will NOT be the reason . Small cap / micro caps will ALWAYS go down after news - especially good news, because of the "BUY on rumour - SELL on news"  that is a never ending fact of life. Especially true here because Institutions for the most part cannot buy here on Micros ane Hedge shorters CAN sell here - it is easy money for them - little resistence. They are still showing

[pacer217]

I wil add that at this moment, even with stock down six % plus, there is exactly ONE retail player wanting to buy! -- ONE - for  500 shares!  there is perhaps 5 or six sellers ( 6800 shares asked)  so ZERO upward pressure.

[Pedal2themetal7]

Until the daily volume increases, and institutional investors can invest, in my opinion not much will change with the SP. I definitely like their business model, and if they continue growing organically it should be an interesting stock to monitor for the next 2-3 years. Their numbers are impressive, and if nothing changes it is only a matter of time before we witness an uptrend in the SP

[monte8]

What the hell!    Did the bottom just dropped down to $2.27!! They had a good quarter, where is the support.   

[monte8]

Whoose piloting this High Tide ship, now at $2.52. Looks to me like some krafty people had worked the stock price down to prurchase from the weaker hands. We did have a good quarter after all!