Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
HITI
Upturn stock ratingUpturn stock rating

High Tide Inc (HITI)

Upturn stock ratingUpturn stock rating
$2.3
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: HITI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $5

1 Year Target Price $5

Analysts Price Target For last 52 week
$5Target price
Low$1.56
Current$2.3
high$3.62

Analysis of Past Performance

Type Stock
Historic Profit 6.03%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 184.70M USD
Price to earnings Ratio -
1Y Target Price 5
Price to earnings Ratio -
1Y Target Price 5
Volume (30-day avg) 5
Beta 0.67
52 Weeks Range 1.56 - 3.62
Updated Date 06/30/2025
52 Weeks Range 1.56 - 3.62
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.09

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-06-11
When After Market
Estimate -0.01
Actual -0.0295

Profitability

Profit Margin -1.76%
Operating Margin (TTM) 1.73%

Management Effectiveness

Return on Assets (TTM) 3.27%
Return on Equity (TTM) -6.69%

Valuation

Trailing PE -
Forward PE 72.46
Enterprise Value 205534700
Price to Sales(TTM) 0.34
Enterprise Value 205534700
Price to Sales(TTM) 0.34
Enterprise Value to Revenue 0.51
Enterprise Value to EBITDA 10.11
Shares Outstanding 81036304
Shares Floating 69320909
Shares Outstanding 81036304
Shares Floating 69320909
Percent Insiders 14.08
Percent Institutions 7.97

Analyst Ratings

Rating 3
Target Price 5
Buy 1
Strong Buy 4
Buy 1
Strong Buy 4
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

High Tide Inc

stock logo

Company Overview

overview logo History and Background

High Tide Inc. was founded in 2009 and has grown through organic expansion and strategic acquisitions to become a leading retail-focused cannabis company.

business area logo Core Business Areas

  • Retail Cannabis: Operation of retail cannabis stores across Canada, selling cannabis products and accessories to consumers. This is the company's primary revenue driver.
  • Wholesale Distribution: Manufacturing and distribution of cannabis accessories and consumption devices through Valiant Distribution and subsidiary brands.
  • E-commerce: Online retail sales of cannabis accessories and lifestyle products through platforms such as Grasscity.com, Smoke Cartel, Daily High Club, and DankStop.

leadership logo Leadership and Structure

Raj Grover serves as the President and CEO. The company has a board of directors and a management team responsible for overseeing different aspects of the business.

Top Products and Market Share

overview logo Key Offerings

  • Cannabis Products: A wide range of cannabis flowers, edibles, concentrates, and extracts sold in retail stores. Market share varies by province in Canada, and this segment faces competition from other licensed cannabis retailers and the illicit market.
  • Cannabis Accessories: Bongs, pipes, vaporizers, and other accessories sold through retail and e-commerce platforms. High Tide holds a significant share of the online accessories market through its e-commerce platforms. Competitors include other online retailers and traditional head shops.
  • Consumption Devices: High Tide manufactures and distributes consumption devices. Competitors include companies that manufacture vaporizers, and bongs.

Market Dynamics

industry overview logo Industry Overview

The cannabis industry is experiencing rapid growth, driven by increasing legalization and changing consumer attitudes. However, the industry is also subject to evolving regulations and intense competition.

Positioning

High Tide is positioned as a leading retail-focused cannabis company with a diversified business model. Its competitive advantages include its large retail footprint, strong e-commerce presence, and vertical integration.

Total Addressable Market (TAM)

The global legal cannabis market is estimated to reach hundreds of billions of dollars. High Tide is positioned to capture a portion of this market through its retail, wholesale, and e-commerce operations. However, specific estimates for High Tide's addressable market would require further analysis of geographic and product-specific segments.

Upturn SWOT Analysis

Strengths

  • Large retail footprint
  • Strong e-commerce presence
  • Vertical integration
  • Diversified business model
  • Experienced management team

Weaknesses

  • Reliance on the Canadian cannabis market
  • Intense competition
  • Regulatory uncertainty
  • Profitability challenges
  • Negative cash flow

Opportunities

  • Expansion into new markets
  • Acquisitions of complementary businesses
  • Development of new products and services
  • Increased cannabis legalization
  • Growth of the cannabis industry

Threats

  • Increased competition
  • Regulatory changes
  • Economic downturn
  • Fluctuations in cannabis prices
  • Illicit market competition

Competitors and Market Share

competitor logo Key Competitors

  • CGC
  • TLRY
  • CRON
  • ACB

Competitive Landscape

High Tide's advantages include its focus on the retail market and its diversified business model. Disadvantages include intense competition and regulatory uncertainty.

Major Acquisitions

Valiant Distribution

  • Year: 2021
  • Acquisition Price (USD millions): 15
  • Strategic Rationale: Expanded High Tide's wholesale distribution capabilities.

Smoke Cartel

  • Year: 2021
  • Acquisition Price (USD millions): 8
  • Strategic Rationale: Strengthened High Tide's e-commerce presence in the US market.

Growth Trajectory and Initiatives

Historical Growth: High Tide has grown through acquisitions and organic expansion, increasing its retail footprint and e-commerce presence.

Future Projections: Analyst estimates for future growth are based on factors such as market expansion, regulatory changes, and product innovation.

Recent Initiatives: Recent initiatives include acquisitions of other cannabis retailers, expansion of its e-commerce platforms, and development of new cannabis products.

Summary

High Tide Inc. demonstrates strong retail and e-commerce capabilities within the growing cannabis sector, amplified by strategic acquisitions. Profitability and regulatory hurdles remain key challenges. Expansion and product diversification present significant opportunities. Competitors and market fluctuations require vigilant management of resources and proactive strategic adjustments.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company press releases
  • Financial reports
  • Industry analysis reports

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. The data provided is based on available information and may not be entirely accurate or complete. Market conditions are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About High Tide Inc

Exchange NASDAQ
Headquaters Calgary, AB, Canada
IPO Launch date 2019-01-28
Founder, CEO, President & Executive Chairman Mr. Harkirat Grover
Sector Healthcare
Industry Pharmaceutical Retailers
Full time employees 1750
Full time employees 1750

High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. It operates through Bricks and Mortar Operations; and E-commerce Operations segments. The company operates retail cannabis stores; and provides data analytics services. In addition, it manufactures and distributes consumption accessories. Further, the company sells its products through a network of retail stores, e-commerce platforms, and the wholesale distribution arm. It offers its products under the Daily High Club, DankStop, FABCBD, GC, Nuleaf, Smoke Cartel, Blessed CBD, Fastendr, Queen of Bud, Cabana Cannabis Co, Vodka Glass, Puff Puff Pass, Dopezilla, Atomik, Hue, and Evolution brands. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. The company was founded in 2009 and is headquartered in Calgary, Canada.