High Tide Inc. (V:HITI*CA)
Business Focus: Cannabis Product Retailers
| Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
| Company Contact | |
| Address: | #112, 11127 15Th Street Ne CALGARY AB T3K 2M4 |
| Tel: | N/A |
| Website: | https://hightideinc.com |
| IR: | See website |
| Key People | ||
| Harkirat Grover Executive Chairman of the Board, President, Chief Executive Officer | Sergio Patino Chief Financial Officer | Aman Sood Chief Operating Officer |
| Andreas-Alexander Palalas Chief Marketing Officer | Sandy Sharma Vice President of Human Resources | Joy Lisa Avzar Vice President, Legal Counsel |
| Omar Yar Khan Chief Communications, Public Affairs Officer | Shimmy Posen Corporate Secretary | |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 January 2024, High Tide Inc revenues increased 8% to C$128.1M. Net loss decreased 91% to C$340K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Merchandise Margins - Total - % increase of 4% to 28%, General and administration decrease of 25% to C$5.6M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $284.15M as of Jan 31, 2024 |
| Annual revenue (TTM): | $497.66M as of Jan 31, 2024 |
| EBITDA (TTM): | $37.80M as of Jan 31, 2024 |
| Net annual income (TTM): | -$35.87M as of Jan 31, 2024 |
| Free cash flow (TTM): | $18.95M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $36.56M as of Jan 31, 2024 |
| Shares outstanding: | 79,335,467 as of Apr 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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