High Tide Reports Second Consecutive Quarter of Record Revenue and Adjusted EBITDA; $118 Million and $5.5 Million, Respectively
High Tide Inc. - Common Shares (HITI)
Company Research
Source: Business Wire
The Company Also Reports Year-Over-Year Increase in Free Cash Flow1 From ($6.3 Million) to ($2.3 Million) Representing a 64% ImprovementThis news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated December 3, 2021, to its short form base shelf prospectus dated April 22, 2021.12th Straight Quarter of Positive Adjusted EBITDA, Representing an 86% Increase Year-Over-Year and 10% SequentiallyHigh Tide Reaches 9% of Canadian Cannabis Retail Market Share2, Following 1% Sequential Growth in Each of the Past Five QuartersSame-Store Sales Increased by 52% Year-Over-Year and 4% Sequentially, Representing the Sixth Consecutive Quarter of Sequential GainsHigh Tide Remains the Highest Revenue Generating Cannabis Company Reporting in Canadian Dollars3 and Sets Objective of Becoming Free Cash Flow Positive Within This Calendar YearThe Company Remains the Largest Non-Franchised Cannabis Retailer in Canada With 151 locations as Well as Over 97
Show less
Read more
Impact Snapshot
Event Time:
HITI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HITI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HITI alerts
High impacting High Tide Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
HITI
News
- High Tide Claims Top Spot in Financial Times List of Fastest Growing Retailers in the Americas for 2023PR Newswire
- High Tide Inc. (HITI) Q1 2023 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- High Tide Reports Second Consecutive Quarter of Record Revenue and Adjusted EBITDA; $118 Million and $5.5 Million, RespectivelyPR Newswire
- High Tide Announces Participation at Upcoming Investment Conferences: Roth Conference, Benzinga Capital Conference, Canaccord Genuity's Global Cannabis ConferencePR Newswire
- High Tide to Announce First Quarter 2023 Financial ResultsPR Newswire
HITI
Sec Filings
- 3/29/23 - Form 6-K
- 3/20/23 - Form 6-K
- 3/17/23 - Form 6-K
- HITI's page on the SEC website