High Tide Inc HITI
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
News
-
High Tide Makes the Report on Business Annual Ranking of Canada's Top Growing Companies for Fourth Consecutive Year
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High Tide Reports Third Quarter 2024 Financial Results Featuring Record Revenue of $131.7 Million, and 2nd Consecutive Quarter of Positive Net Income
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High Tide Announces Launch of Queen of Bud Branded White Label Products in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario
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High Tide Announces Joint Venture with Positive Intent Events to Bring Legal Cannabis to the World of Events and Entertainment
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High Tide to Open Canna Cabana in Lucan, Ontario
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High Tide to Launch Next-Gen Canna Cabana 2.0 Website
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High Tide to Announce Third Fiscal Quarter 2024 Financial Results
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High Tide Surpasses 1.5 Million Cabana Club Members
Trading Information
- Previous Close Price
- CAD 2.72
- Day Range
- CAD 2.73–2.86
- 52-Week Range
- CAD 1.56–3.83
- Bid/Ask
- CAD 2.76 / CAD 2.78
- Market Cap
- CAD 223.47 Mil
- Volume/Avg
- 48,628 / 68,246
Key Statistics
- Price/Earnings (Normalized)
- 6.07
- Price/Sales
- 0.42
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- Total Yield
- —
Company Profile
High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.
- Sector
- Healthcare
- Industry
- Pharmaceutical Retailers
- Stock Style Box
- Small Core
- Total Number of Employees
- 1,449
- Website
- https://www.hightideinc.com
Comparables
Valuation
|
Metric
|
HITI
|
VRNO
|
AYR.A
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.07 | — | 1.49 |
Price/Book Value | 1.56 | 0.92 | 0.34 |
Price/Sales | 0.42 | 1.23 | 0.33 |
Price/Cash Flow | 6.39 | 9.50 | — |
Price/Earnings
HITI
VRNO
AYR.A
Financial Strength
|
Metric
|
HITI
|
VRNO
|
AYR.A
|
|---|---|---|---|
Quick Ratio | 0.64 | 0.48 | 0.57 |
Current Ratio | 1.26 | 0.99 | 1.75 |
Interest Coverage | −2.11 | 1.16 | −1.50 |
Quick Ratio
HITI
VRNO
AYR.A
Profitability
|
Metric
|
HITI
|
VRNO
|
AYR.A
|
|---|---|---|---|
Return on Assets (Normalized) | 13.72% | −2.09% | −7.55% |
Return on Equity (Normalized) | 24.85% | −3.82% | −18.32% |
Return on Invested Capital (Normalized) | 20.08% | 0.10% | −5.13% |
Return on Assets
HITI
VRNO
AYR.A
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United States