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High Tide announces addition to the cannabis growth ETF (NYSE:BUDX)

Stockhouse Editorial
1 Comment| October 7, 2021

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Click to enlargeCanadian cannabis retailer High Tide Inc. (CSE.HITI) – a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories – announced that as per the recently-disclosed listing of holdings available on its website, the Company's shares have now been included in The Cannabis Growth ETF (NYSE:BUDX)


Raj Grover, President and Chief Executive Officer of High Tide, commented;

“This is now the fourth cannabis ETF that has initiated a position in High Tide since we began trading on the Nasdaq just over four months ago. Additionally, the number of equity research analysts covering High Tide has doubled from two to four over the same time period, with more likely on the way. All of this demonstrates that our growth strategy and the execution of our business plan are not going unnoticed, as we just surpassed 100 stores in Canada which are complemented by our unique online portfolio of businesses, including multiple e-commerce platforms in the ancillary cannabis space focused on the U.S. market. Our Nasdaq listing has led to more awareness of High Tide's business model, with new analysts magnifying our reach with institutions. This expanded visibility should boost trading volumes and help others appreciate how we are EBITDA-positive today and rapidly building our business for the long-term,"


Full article here.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.


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