Added to YB: 2025-06-20
Pitch date: 2025-06-19
HITI [neutral]
High Tide Inc.
+32.34%
current return
Author Info
MVC Investing is a long-term investor. BSc in Economics, MSc in Finance. Equity Analyst with a focus on Fundamental Analysis and Valuation. Sign up for the newsletter.
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 3.03
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 (HITI): Q2 FY2025 Earnings Review
HITI (earnings update): Q2 2025 beat with 11% rev growth to $137.8M, +12% adj for 1 fewer day. Adj EBITDA $8.1M vs $5.9M est. Core retail biz (97% rev) strong at +15.6% YoY with improving margins. E-commerce (3% rev) struggling, potential divestiture. German medical entry planned. FCF+ $4.9M. 1.9M members (+33% YoY). Path to 300+ stores from 200. Targeting 12-month EBITDA margin expansion.
Read full article (8 min)