High Tide Inc. (HITI) reported strong third-quarter financial results, exceeding revenue expectations and posting its 18th consecutive quarter of positive Adjusted EBITDA. The company’s CEO highlighted their unique approach to retail and commitment to shareholder value. HITI shares soared after hours following the positive earnings announcement.
Canadian cannabis retailer High Tide Inc. has announced the relaunch of its flagship brand Canna Cabana’s website, boasting a modern design, improved user interface, and enhanced customer experience. This revamp aligns with the company’s focus on its successful discount club model, which has attracted over 1.5 million members.
High Tide Inc. (TSXV: HITI) reported a remarkable 35% increase in total retail gross revenues on 4/20 compared to the previous Saturday, with strong growth across both its brick-and-mortar stores and e-commerce platforms. The company’s brick-and-mortar stores experienced a 30% growth, while e-commerce sales surged by an impressive 119%. High Tide’s continued success is attributed to its curated real estate strategy, unique offerings like ELITE and Cabana Club, and the expansion of its online presence. The company remains committed to innovation and delivering exceptional experiences to customers through its industry-leading retail-forward cannabis enterprise.
