The Company Maintains its Market Leadership Position in Mississauga with its Sixth Location in the City CALGARY, AB, June 26, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it has entered into a definitive asset purchase agreement dated June 25, 2024 (the "Purchase Agreement") pursuant to which High Tide will acquire ...

CALGARY, AB, June 20, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 5308 17 Ave SW Calgary will begin selling recreational cannabis products and consumption accessories for adult use tomorrow, June 21. This opening will mark High Tide's 173rd Canna Cabana branded ret ...

财务数据和关键指标变化 - 收入为1.243亿美元,同比增长5%,环比下降3%,主要由于传统淡季和工作日数减少 [13][23] - 毛利率为28.4%,创9个季度新高,同比提升1.7个百分点,环比提升0.3个百分点 [25][35][106] - 调整后EBITDA为1000万美元,同比增长52%,保持8.1%的高毛利率 [14][27] - 自由现金流创纪录达940万美元,同比由负转正,环比增长2.6倍 [11][38][39] - 净收入转正,实现盈利,这在加拿大大麻行业中是一个重要里程碑 [12][27] 各条业务线数据和关键指标变化 - 实体零售业务收入同比增长11%,是公司主要收入来源,占总收入93% [23][35] - 电商业务收入同比下降37%,但通过成本控制仍保持正EBITDA [36][37] - 数据分析、广告和其他收入同比增长35%,环比增长18%,毛利率高达100% [35] 各个市场数据和关键指标变化 - 公司在5个省份的市场份额从上季度的10.4%提升至10.9% [15] - 在最大市场阿尔伯塔省和安大略省的市场份额分别达到20%和10% [15] - 同店销售同比增长4%,环比略有上升 [24] - 总体行业销售环比下降4.4%,但公司实现0.5%的增长 [24] 公司战略和发展方向及行业竞争 - 公司计划2024年新开20-30家门店,已在2024年初新开10家,超过2023年全年新开12家 [17][18] - 正在积极寻求并购机会,但会保持谨慎,不会为了交易而付出过高的代价 [18][19][84][85][86] - 正在关注德国市场,计划将成功模式复制到该市场,并密切关注美国市场的发展 [72][73][74][75] - 行业内其他公司频繁破产,但公司凭借创新的会员俱乐部模式持续增长市场份额 [15][16][100][101] 管理层对经营环境和未来前景的评论 - 尽管面临宏观环境压力,但公司通过创新模式和卓越执行持续领先同行 [11][12][14][15] - 看好公司在加拿大和德国市场的发展前景,并密切关注美国市场的机遇 [72][73][74][75] - 对公司未来的现金流和盈利能力保持乐观,将继续加大门店扩张和并购力度 [11][12][17][18] 其他重要信息 - 公司完成1500万美元的债务融资,将用于支付现有债务和门店扩张 [20][21][22] - 会员俱乐部会员数超过143万,其中付费会员达4.4万,同比增长226% [16][45][46] - 公司在阿尔伯塔省获得批准推出自有品牌产品,将进一步提升毛利率 [28][29][50][51] 问答环节重要的提问和回答 问题1 **Scott Fortune 提问** 询问ELITE会员增长的原因和未来计划 [44][45][46][47] **Raj Grover 回答** 通过提供优质产品和服务,以及将ELITE会员产品占比从12%提升至20-30%来推动ELITE会员快速增长 [45][46][47][48] 问题2 **Ty Collin 提问** 询问数据分析业务的表现和未来预期 [55][56][57][58][59] **Raj Grover 回答** 尽管部分客户破产,但公司数据分析业务客户数量和收入仍在持续增长 [57][58][59][60] 问题3 **Matt Bottomley 提问** 询问公司在并购时如何平衡支付合理估值和获取优质门店资产 [81][82][83][84][85][86] **Raj Grover 回答** 公司将保持谨慎和纪律,不会为了完成交易而支付过高的估值,而是专注于获取优质且可持续的门店资产 [84][85][86][87][88][89]

文章核心观点 - 公司Q2财报显示收入增长放缓,但调整后EBITDA利润率保持稳定,表现良好[2][5] - 公司近期几个季度的收入增长略高于加拿大整体零售销售增长,显示公司正在增加市场份额[8] - 公司有望通过扩张门店数量、发展私有品牌等方式继续增长[10][12] - 公司估值仍然被市场严重低估,根据DCF模型计算公司股票价值有73%的上涨空间[13][15] 根据目录分类总结 财务表现 - 公司Q2收入同比增长5.2%至1.243亿加元,略低于预期[4] - 调整后EBITDA利润率为8.1%,与上一季度持平,显示公司盈利能力持续改善[5] - 公司经营活动产生的自由现金流为940万加元,其中400万加元来自于营运资金的减少[6] 行业表现 - 公司近期几个季度的收入增长略高于加拿大整体零售销售增长,显示公司正在增加市场份额[8] - 行业整体增长放缓,但长期来看仍有5.4%的复合年增长率[9] - 安大略省放宽了每家公司可开设的门店数量限制,为公司扩张提供了机会[10] 其他发展 - 公司完成了女王大麻品牌的收购,丰富了私有品牌产品线[12] - 阿尔伯塔省最近允许销售私有品牌大麻,为公司私有品牌销售带来新机遇[12] - 公司任命了新的首席财务官,有助于公司未来的融资和并购[11]

High Tide Inc. (HITI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced break-even earnings, delivering a surprise of 100%. Over the last four quarters, the company has surpasse ...

Condensed Interim Consolidated Financial Statements For the three and six months ended April 30, 2024 and 2023 (Stated in thousands of Canadian dollars, except share and per share amounts) (Unaudited) High Tide Inc. Condensed Interim Consolidated Financial Statements For the three and six months ended April 30, 2024 and 2023 Condensed Interim Consolidated Financial Statements for the three and six months ended April 30, 2024 and 2023. The accompanying unaudited condensed interim consolidated financial state ...

The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada, and is the Second Largest Globally by Store Count, with 172 Operating Locations1 This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. The Company Generated $9.4 Million of Positive Free Cash Flow2 in the Second Fiscal Quarter. The Company has Generated $22.7 Million of Positive Free Cash F ...

Five-Year Debt Financing Provides More Fuel to Continue Growing While Remaining Free Cash Flow Positive This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023 to its short form base shelf prospectus dated August 3, 2023 CALGARY, AB, June 13, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value acros ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about High Tide Inc. (HITI) . High Tide currently has an average brokerage rec ...

CALGARY, AB, June 3, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its Canna Cabana retail cannabis store located at 17 Hanes Road, Huntsville, Ontario will begin selling recreational cannabis products and consumption accessories for adult use on Thursday, June 6, 2024. This opening will mark High Tide's 172nd Canna ...