Added to YB: 2024-09-04
Pitch date: 2024-09-03
HITI [bullish]
High Tide Inc.
+49.74%
current return
Author Info
No bio for this author
Company Info
High Tide Inc. engages in the cannabis retail business in Canada. It operates through Bricks and Mortar Operations; and E-commerce Operations segments.
Market Cap
CAD 331.0M
Pitch Price
CAD 1.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.81
P/E
-31.40
EV/Sales
0.62
Sector
Pharmaceuticals
Category
growth
High Tide Inc. - $HITI
HITI: Leading Canadian cannabis retailer, 10.9% market share, 1.5M+ discount club members. FCF+ & net income+. Expanding in Canada (150 store cap), eyeing Germany/US. New paid membership growing fast. Non-dilutive financing secured. Trades at 5x NTM Adj. EBITDA vs peers 7-8x. Risks: German elections, US rescheduling delay.
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