Professional
Added to YB: 2025-11-21
Pitch date: 2025-11-19
HITI [neutral]
High Tide Inc.
-13.68%
current return
Author Info
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Company Info
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally.
Market Cap
CAD 289.0M
Pitch Price
CAD 3.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.73
P/E
-5.33
EV/Sales
0.62
Sector
Pharmaceuticals
Category
N/A
Pernas Research Passes On: HiTide
HITI (pass): Canada's largest cannabis retailer w/ 210+ stores, 12% market share, strong $2.6M avg store revenue (2x competitors), 90% loyalty member transactions. Limited scale benefits due to regulated wholesale pricing, MSD EBITDA margins. Recent German medical cannabis acquisition. Regulatory complexity requires lower entry price - watchlist for now.
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