High Tide Inc. (HITI)
Summary
High Tide: Remexian Recovers, Canna Cabana Momentum Fair
High Tide Inc. reported good financials for Q1, but the performance was mixed across businesses. Canna Cabana's retail performance showed a hiccup in same-store sales, driven by a market slowdown. The focus is now on an industry recovery. While supply chain issues in Portugal still pressured Q1 financials, HITI's distribution business is already recovering well.
High Tide: The Art Of Selling Cash-Secured Puts For Income Investing
High Tide Inc. offers compelling value for income investors via cash-secured put strategies, given its low valuation and strong fundamentals. HITI's balance sheet is robust, with cash exceeding debt, and the company remains free cash flow positive despite aggressive store expansion. At a net purchase price of $2.34, HITI trades at only 0.38x forward revenue and 10.6x 2027 earnings, supporting a favorable risk/reward profile.
High Tide: Why The Market Is Wrong After Q4
High Tide Inc. reported record Q4 earnings that the market didn't appreciate. The core Canadian Canna Cabana business continues to thrive, creating great long-term earnings potential. The European cannabis wholesale business was weak in Q4 due to transitory disruption in Portugal. Remexian's performance should recover.
High Tide Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Point72 Asset Management LP Point72 Asset Management LP | 242,558 | $641,183.55 | $525,138.07 | -$116,045.48 | -18.1% |
| RWM Revisor Wealth Management LLC Revisor Wealth Management LLC | 12,049 | $28,796.71 | $25,965.59 | -$2,831.12 | -9.83% |
 Kathryn Brown Morton Brown Family Wealth LLC | 20 | $45.8 | $43.4 | -$2.4 | -5.24% |
| HFT Hui Fai Tam Caitong International Asset Management Co. Ltd. | 4 | $9 | $8.56 | -$0.44 | -4.89% |
 Alexandra Stickelman Root Financial Partners, LLC | 892 | $2,363.8 | $1,904.42 | -$459.38 | -19.43% |
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High Tide Inc. Profile
| Pharmaceuticals Industry | Healthcare Sector | Harkirat Grover CEO | NASDAQ (CM) Exchange | 42981E401 CUSIP |
| CA Country | 1,750 Employees | - Last Dividend | 13 May 2021 Last Split | 28 Jan 2019 IPO Date |
Overview
High Tide Inc. is a prominent entity within the burgeoning cannabis industry, with operations spread across Canada, the United States, and other international locations. Initially established as High Tide Ventures Inc. in 2009, the company underwent a rebranding in October 2018 to its current name, reflecting its expansive reach and diversified interests within the cannabis sector. Its business model is bifurcated into Retail and Wholesale segments, through which it engages directly in the licensed retail sale of cannabis products, alongside offering valuable data analytics services to the cannabis industry. With its headquarters nestled in Calgary, Canada, High Tide Inc. has cultivated a significant presence in the cannabis retail market, leveraging both its physical stores and e-commerce platforms to cater to a broad spectrum of consumer needs.
Products and Services
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Licensed Retail Cannabis Stores: High Tide operates several licensed retail outlets across its operational territories. These stores are strategically located to ensure broad market reach and are designed to offer a wide array of cannabis products to adult users in a safe and compliant environment.
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Data Analytics Services: The company taps into the power of data analytics to provide actionable insights to the cannabis industry. These services help businesses understand market trends, consumer preferences, and operational efficiencies, ensuring informed decision-making processes.
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Manufacturing and Distribution of Consumption Accessories: Beyond cannabis products, High Tide Inc. is involved in the design, manufacture, and distribution of a variety of cannabis consumption accessories. These products enhance the overall consumer experience, catering to diverse preferences and needs.
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Online Sales via E-Commerce Platform: The company has embraced the digital transformation within retail by offering its products online. This e-commerce platform enables High Tide to reach a wider audience, offering convenience and accessibility to its customers.
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Product Brands: High Tide boasts a portfolio of reputable brands, including Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, and Blessed CBD. Each brand caters to specific consumer segments and preferences, ranging from high-quality CBD products to glass smoking accessories, showcasing the company’s versatility and deep understanding of the market.
