Jul. 3 at 2:20 PM
$HITI Real company wulith Real growth👀👀🚀
A strengthening cannabis sector is generally positive for High Tide (HITI), and HITI may actually be one of the better-positioned cannabis companies because it has been producing real revenue growth and improving profitability rather than relying solely on industry optimism.
Key reasons include:
* Improving sector sentiment: HITI often benefits because it’s one of the larger, more established cannabis retailers.
* Strong execution: High Tide recently reported record quarterly revenue of C
$179.3 million (+30% year over year), record adjusted EBITDA, positive net income, and positive free cash flow.
* Germany growth: Through its Remexian subsidiary, HITI has become a major player in Germany’s medical cannabis market
* The company recently secured a C
$40 million credit facility and continues to expand its retail footprint through new stores and acquisitions.
* Further progress on U.S. cannabis rescheduling or other regulatory reforms.
