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Stock impact report

High Tide: Discount Cannabis Retailer Hiding In Plain Sight [Seeking Alpha]

High Tide Inc. - Common Shares (HITI) 
Company Research Source: Seeking Alpha
HITI's Cabana Club loyalty program, including a fast-growing paid ELITE tier, drives over 90% of in-store sales and fosters strong customer retention. Sales have surged 137% since 2021, outpacing the 37% growth in regional markets, boosting the company's market share from 4.5% to 12% across five provinces. The membership-driven model provides HITI with a durable competitive advantage and positions the company for long-term growth amid industry consolidation. Tamir Kalifa/Getty Images News I am assigning High Tide Inc. ( HITI ) a "Strong Buy" rating targeting ~$5.80 per share with a 122.22% upside, powered by its sticky discount-club model and Canada's cannabis market squeezing out weaker retailers. Company Overview HITI This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options Show less Read more
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