Added to YB: 2024-04-09
Pitch date: 2024-04-08
HITI [bullish]
High Tide Inc.
+0.92%
current return
Author Info
No bio for this author
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 3.25
Price Target
7.56 (+130%)
Dividend
N/A
EV/EBITDA
9.73
P/E
-5.33
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)