Harborside


High Tide Inc.

HITI


Canadian symbol: HITI
US symbol: HITI

Currency in USD

Valuation Measures

Market Cap (intraday) 5315.00M
Enterprise Value 3334.92M
Trailing P/E N/A
Forward P/E 123.36
PEG Ratio (5 yr expected) 1N/A
Price/Sales (ttm)1.55
Price/Book (mrq)2.62
Enterprise Value/Revenue 32.20
Enterprise Value/EBITDA 7307.83

Trading Information

Stock Price History

Beta (5Y Monthly) 1.14
52-Week Change 379.37%
S&P500 52-Week Change 330.48%
52 Week High 313.29
52 Week Low 33.00
50-Day Moving Average 36.55
200-Day Moving Average 37.31

Share Statistics

Avg Vol (3 month) 3203.99k
Avg Vol (10 day) 3164.97k
Shares Outstanding 552.69M
Implied Shares Outstanding 6N/A
Float 846.02M
% Held by Insiders 112.72%
% Held by Institutions 14.57%
Shares Short (Sep. 29, 2021) 4309.88k
Short Ratio (Sep. 29, 2021) 41.45
Short % of Float (Sep. 29, 2021) 4N/A
Short % of Shares Outstanding (Sep. 29, 2021) 40.59%
Shares Short (prior month Aug. 30, 2021) 4247.91k

Dividends & Splits

Forward Annual Dividend Rate 4N/A
Forward Annual Dividend Yield 4N/A
Trailing Annual Dividend Rate 3N/A
Trailing Annual Dividend Yield 3N/A
5 Year Average Dividend Yield 4N/A
Payout Ratio 40.00%
Dividend Date 3N/A
Ex-Dividend Date 4N/A
Last Split Factor 21:15
Last Split Date 3May 12, 2021

Financial Highlights

Currency in CAD.

Fiscal Year

Fiscal Year Ends Oct. 30, 2020
Most Recent Quarter (mrq)Jul. 30, 2021

Profitability

Profit Margin -21.16%
Operating Margin (ttm)-7.63%

Management Effectiveness

Return on Assets (ttm)-4.68%
Return on Equity (ttm)-40.11%

Income Statement

Revenue (ttm)152.1M
Revenue Per Share (ttm)4.59
Quarterly Revenue Growth (yoy)97.60%
Gross Profit (ttm)30.77M
EBITDA 4.85M
Net Income Avi to Common (ttm)-32.18M
Diluted EPS (ttm)-0.80
Quarterly Earnings Growth (yoy)N/A

Balance Sheet

Total Cash (mrq)27.89M
Total Cash Per Share (mrq)0.53
Total Debt (mrq)52.75M
Total Debt/Equity (mrq)35.93
Current Ratio (mrq)1.62
Book Value Per Share (mrq)2.80

Cash Flow Statement

Operating Cash Flow (ttm)-4.79M
Levered Free Cash Flow (ttm)8.28M

mrq = Most Recent Quarter
ttm = Trailing Twelve Months
yoy = Year Over Year
lfy = Last Fiscal Year
fye = Fiscal Year Ending
fy = Forward Year
Shares outstanding is taken from the most recently filed quarterly or annual report and Market Cap is calculated using shares outstanding.

Fundamentals are updated every day.
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Insiders transactions are updated every hour.

Major Holders

Currency in USD
Breakdown
12.72%% of Shares Held by All Insider
4.57%% of Shares Held by Institutions
5.24%% of Float Held by Institutions
26Number of Institutions Holding Shares

Top Institutional Holders

HolderSharesDate Reported% OutValue
AdvisorShares Investments, LLC169,946Jun. 29, 20210.32%1,359,568
Geode Capital Management, LLC46,134Jun. 29, 20210.09%369,072
Susquehanna International Group, LLP39,337Jun. 29, 20210.07%314,696
Belvedere Trading Llc28,281Jun. 29, 20210.05%226,248
Citadel Advisors LLC24,545Jun. 29, 20210.05%196,360
Cibc World Markets, Inc.18,999Jun. 29, 20210.04%151,992
Simplex Trading, LLC18,716Jun. 29, 20210.04%149,728
Bank of Montreal/Can/15,957Jun. 29, 20210.03%127,656
Creative Planning12,312Jun. 29, 20210.02%98,496
Jane Street Group, LLC11,668Jun. 29, 20210.02%93,344

Top Mutual Fund Holders

HolderSharesDate Reported% OutValue
ETF Managers Tr-EFTMG Alternative Harvest ETF1,579,556Sep. 29, 20213.00%9,872,225
Spinnaker ETF Tr-Cannabis ETF351,524May 30, 20210.67%3,093,411
AdvisorShares Trust-AdvisorShares Pure Cannabis ETF312,516Sep. 29, 20210.59%1,953,225
Fidelity NASDAQ Composite Index Fund46,134Aug. 30, 20210.09%336,316
Investment Managers Ser Tr II-Cannabis Growth ETF30,200Jul. 30, 20210.06%198,112
Coming Soon

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Press Releases by High Tide Inc.


High Tide Receives Approval for Canna Cabana Inc. to Operate in British Columbia

High Tide Receives Approval for Canna Cabana Inc. to Operate in British Columbia

According to a recent study by the Canadian Institute for Substance Use Research (CISUR), legal cannabis sales in British Columbia doubled between 2019 and 2020. The same study also found that in 2020 the BC market saw $290 million in gross revenues.1 "I am delighted to share this very positive news of our approval to operate in the pro... Read More...
High Tide Welcomes Ontario Legislation to Make Private Sector Cannabis Delivery Permanent

High Tide Welcomes Ontario Legislation to Make Private Sector Cannabis Delivery Permanent

"Along with many other businesses, legal cannabis retailers have seen their bottom lines impacted by the pandemic. As lockdowns were put in place, the Government of Ontario listened to legal cannabis businesses and allowed us to offer curbside pickup and delivery services to our customers on a temporary basis. This decision helped many s... Read More...
High Tide Becomes First Non-Franchised Canadian Cannabis Retailer to Surpass 100-Store Milestone

High Tide Becomes First Non-Franchised Canadian Cannabis Retailer to Surpass 100-Store Milestone

The Windsor store is High Tide's first in that community, which is Ontario's 10th-largest city with a population of nearly 220,000. The store is located in a major retail and commercial district in the south of the city, anchored by numerous national big-box retailers, including a national hardware store chain, and is well-connected to H... Read More...
High Tide Doubles Presence in Ottawa with new Retail Cannabis Stores in Gloucester and Kanata

High Tide Doubles Presence in Ottawa with new Retail Cannabis Stores in Gloucester and Kanata

"I am pleased that customers in suburban Ottawa will now be able to take advantage of our unique one stop cannabis shop concept for all of their cannabis and consumption accessories needs.  While downtown Ottawa residents have been able to access our two Canna Cabana stores for some time, expansion into underserviced suburban areas remai... Read More...
High Tide Makes The Globe and Mail's Third-Annual Ranking of Canada's Top Growing Companies With 733% Growth Over Three Years

High Tide Makes The Globe and Mail’s Third-Annual Ranking of Canada’s Top Growing Companies With 733% Growth Over Three Years

"Today's recognition from The Globe and Mail, one of Canada's most prestigious daily newspapers, is further validation of High Tide's continued operational execution. Our team earned this ranking by growing our revenue by 733% over just three years. Since opening our first cannabis retail store in October of 2018 we have been able to grow... Read More...
High Tide Opens New Canna Cabana Retail Cannabis Stores in Fort Erie and Innisfil, Ontario

High Tide Opens New Canna Cabana Retail Cannabis Stores in Fort Erie and Innisfil, Ontario

"With the opening of the new Fort Erie and Innisfil locations we continue to broaden our Ontario footprint into strategic regional markets, with several additional openings slated to take us to thirty stores in Canada's largest province over the coming days," said Raj Grover, President and Chief Executive Officer of High Tide. "I am also... Read More...
High Tide Reports Third Quarter 2021 Financial Results Featuring a 99% Increase in Revenue and Sixth Consecutive Quarter of Positive Adjusted EBITDA

High Tide Reports Third Quarter 2021 Financial Results Featuring a 99% Increase in Revenue and Sixth Consecutive Quarter of Positive Adjusted EBITDA

The Company will host a conference call to discuss the results at 6:00pm Eastern Time on September 14, 2021. Third Quarter 2021 – Financial Highlights: Revenue increased by 99% to $48.1 million in the three months ended July 31, 2021, compared to $24.1 million in the same quarter last year. The third quarter of 2021 financial results i... Read More...
High Tide Expands into Ontario's Durham Region with New Retail Cannabis Store in Ajax

High Tide Expands into Ontario’s Durham Region with New Retail Cannabis Store in Ajax

"The opening of the new Ajax store is part of our organic growth strategy that focuses on locations with strong cannabis consumer demographics.  With a diversified labour force, including vibrant construction and manufacturing sectors, and a population of over 100 thousand, Ajax definitely fits this bill," said Raj Grover, President and ... Read More...
High Tide Provides Timing for Release of Third Quarter 2021 Results and Conference Call

High Tide Provides Timing for Release of Third Quarter 2021 Results and Conference Call

Following the release of its second quarter financial and operational results, High Tide will host a conference call with Raj Grover, President and Chief Executive Officer, and Rahim Kanji, Chief Financial Officer, at 6:00 PM Eastern Time on September 14, 2021. The conference call will discuss High Tide's third quarter 2021 financial and... Read More...
High Tide Closes Acquisition of Regina Retail Portfolio Bolstering Presence in Saskatchewan

High Tide Closes Acquisition of Regina Retail Portfolio Bolstering Presence in Saskatchewan

The Acquisition was completed pursuant to the terms of a share purchase agreement, as amended on August 5, 2021, (the "Acquisition Agreement"), copies of which are available on the Company's SEDAR profile. High Tide acquired all of the issued and outstanding shares of 102 Saskatchewan ("102 Shares") from 102 Saskatchewan's shareholders i... Read More...
HMMJ ) and Results of Annual General Meeting

HMMJ ) and Results of Annual General Meeting

"We are very pleased to have our shares included in the Horizons Marijuana Life Sciences Index ETF," said Raj Grover, President and Chief Executive Officer of High Tide.  "This is yet more recognition of High Tide's continued execution which has now resulted in another high profile institution acquiring our shares since we listed them on... Read More...
High Tide Continues Rapid Expansion into United States Through Acquisition of Leading Online Retailer DankStop

High Tide Continues Rapid Expansion into United States Through Acquisition of Leading Online Retailer DankStop

"This acquisition is yet another example of how High Tide's U.S. e-commerce infrastructure and network keep getting stronger.  Rolling multiple established e-commerce platforms into our network is positioning us nicely to create numerous synergies and efficiencies across our ecosystem. Along with this transaction, our last two acquisitio... Read More...
High Tide Opens 20th Ontario Cannabis Retail Store On Ottawa's Rideau Street

High Tide Opens 20th Ontario Cannabis Retail Store On Ottawa’s Rideau Street

"The opening of our twentieth store in Canada's largest province, along with the continued growth of our e-commerce business, is powered by High Tide's strong fundamentals," said Raj Grover, President and Chief Executive Officer of High Tide. "With pandemic related restrictions on construction now lifted, we will be accelerating the rate... Read More...
Canadian Cannabis Retail Chain High Tide Welcomes Proposed U.S. Cannabis Administration and Opportunity Act

Canadian Cannabis Retail Chain High Tide Welcomes Proposed U.S. Cannabis Administration and Opportunity Act

High Tide, which is Canada's most profitable retailer of recreational cannabis as measured by Adjusted EBITDA1, and also operates several of the world's most popular e-commerce platforms for consumption accessories and hemp-derived CBD totalling almost 100 million site visits in 20202, reiterated its commitment to continue expanding into... Read More...
High Tide Reports Second Quarter 2021 Financial Results Featuring a 99% Increase in Revenue and Another Record Adjusted EBITDA of $4.7 Million

High Tide Reports Second Quarter 2021 Financial Results Featuring a 99% Increase in Revenue and Another Record Adjusted EBITDA of $4.7 Million

Second Quarter 2021 – Financial Highlights: Revenue increased by 99% to $40.9 million in the three months ended April 30, 2021, compared to $20.6 million in the same quarter last year. The second quarter of 2021 financial results incorporate the acquisition of META Growth Corp. on November 18, 2020, and Smoke Cartel, Inc. on March 24, ... Read More...
High Tide Continues to Expand U.S. E-Commerce Presence Through Acquisition of Daily High Club

High Tide Continues to Expand U.S. E-Commerce Presence Through Acquisition of Daily High Club

"In alignment with our intention to become a dominant player in the U.S. e-commerce marketplace through a combination of organic growth and accretive acquisitions, specifically targeting businesses with strong brand loyalty, I am thrilled to announce the acquisition of Daily High Club," said Raj Grover, President and Chief Executive Offi... Read More...
High Tide Provides Timing for Release of Second Quarter 2021 Results and Conference Call

High Tide Provides Timing for Release of Second Quarter 2021 Results and Conference Call

Following the release of its second quarter financial and operational results, High Tide will host a conference call with Raj Grover, President and Chief Executive Officer, and Rahim Kanji, Chief Financial Officer, at 8:30 AM Eastern Time on Tuesday, June 29th, 2021. The conference call will discuss High Tide's second quarter 2021 financ... Read More...
High Tide Announces Elimination of Senior Secured Debt and Addition to AdvisorShares Pure Cannabis ETF (NYSE: YOLO)

High Tide Announces Elimination of Senior Secured Debt and Addition to AdvisorShares Pure Cannabis ETF (NYSE: YOLO)

"With our recently closed $23.6 million equity offering, and total debt currently sitting at $31.6 million – of which only $3.8 million is due in the next twelve months – High Tide's financial strength has never been stronger. Having reported Adjusted EBITDA of $4.6 million for our latest quarter ended January 31, 2021, which did not inc... Read More...
High Tide Announces Upsized Bought Deal Public Offering to $20.2 Million

High Tide Announces Upsized Bought Deal Public Offering to $20.2 Million

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, May 19, 2021 - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (OTCQB: HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by th... Read More...
High Tide Increases U.S. Presence Through Acquisition of Leading CBD E-Commerce Retailer FABCBD

High Tide Increases U.S. Presence Through Acquisition of Leading CBD E-Commerce Retailer FABCBD

Founded in 2017 with its headquarters in Milwaukee, Wisconsin, FABCBD has quickly grown to become one of the most popular brands for hemp-derived CBD products across the U.S., including CBD oils, creams, gummies, and dog treats.  In 2020 FABCBD had over 1.3 Million online impressions and an average order value of US$91.90.  FABCBD's foun... Read More...
High Tide Acquires One of the Original Ontario Licensed Cannabis Retail Stores

High Tide Acquires One of the Original Ontario Licensed Cannabis Retail Stores

In connection with the Transaction, the Company acquired all of the shares of a company owned by the original holder of the cannabis retail store authorization issued by the Alcohol and Gaming Commission of Ontario. High Tide and the vendor agreed to reduce the original purchase price, agreed in March 2019, which was to be partially paid... Read More...
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