Added to YB: 2024-04-09
Pitch date: 2024-04-08
HITI [bullish]
High Tide Inc.
+15.08%
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 3.25
Price Target
7.56 (+89%)
Dividend
N/A
EV/EBITDA
13.81
P/E
-31.40
EV/Sales
0.62
Sector
Pharmaceuticals
Category
growth
High Tide: Potential For Long-Term Compounding Through Its Differentiated Ecosystem
HITI: Scalable Canadian cannabis retailer with 168 stores, $500M+ rev run rate. Prioritizing FCF to fund growth; 3.53% avg FCF margin last 3Q. 22% ROIC opening new stores that add $88k FCF/yr to ecosystem. Can 3x to $900M mkt cap in 3 yrs if execution continues (5% FCF margin, 300 stores). Upside options in Germany & US. Meets Akre's criteria but short track record.
Read full article (11 min)