High Tide Inc. (HITI.V) Research

High Tide Inc. operates as a prominent global player in the cannabis retail sector, with business activities spanning Canada, Europe, the United States, and other international markets. The company's portfolio is multifaceted, including the design, manufacturing, and distribution of various smoking accessories and cannabis-inspired lifestyle products. Beyond merchandise, High Tide is actively involved in the wholesale and direct retail of cannabis products, managing and franchising numerous licensed cannabis dispensaries. Furthermore, it offers data analytics services and runs the online retail platforms Grasscity.com and CBDcity.com. As of October 25, 2022, High Tide maintained a substantial retail presence with 149 locations throughout several Canadian provinces, including Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. Founded in 2009, this Calgary, Canada-based company was rebranded as High Tide Inc. in October 2018, having previously operated under the name High Tide Ventures Inc.

Market snapshot

Symbol
HITI.V
Price
$3.32
Day change
+1.53%
Market cap
$291.7M
P/E ratio
-6.63x
52-week range
2.94-5.59
Sector
Healthcare
Industry
Medical - Pharmaceuticals
Next earnings
in 3 months

Peer companies

  • Aurora Cannabis Inc. (ACB.TO)
  • Cipher Pharmaceuticals Inc. (CPH.TO)
  • Medical Facilities Corporation (DR.TO)
  • Spectral Medical Inc. (EDT.TO)
  • Eupraxia Pharmaceuticals Inc. (EPRX.TO)
  • Fennec Pharmaceuticals Inc. (FRX.TO)
  • NervGen Pharma Corp. (NGEN.V)
  • OrganiGram Holdings Inc. (OGI.TO)

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