See more : Crest Resources Inc. (CRSTF) Income Statement Analysis – Financial Results
Complete financial analysis of High Tide Inc. (HITI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of High Tide Inc., a leading company in the Medical – Pharmaceuticals industry within the Healthcare sector.
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High Tide Inc. (HITI)
About High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of August 4, 2022, it operated 139 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487.67M | 356.85M | 181.12M | 83.27M | 31.29M | 8.75M | 9.99M | 8.34M |
| Cost of Revenue | 356.36M | 255.90M | 117.14M | 52.45M | 19.98M | 5.64M | 5.29M | 4.05M |
| Gross Profit | 131.31M | 100.95M | 63.98M | 30.81M | 11.32M | 3.11M | 4.71M | 4.30M |
| Gross Profit Ratio | 26.93% | 28.29% | 35.33% | 37.00% | 36.16% | 35.54% | 47.11% | 51.51% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 97.07M | 83.03M | 50.82M | 22.21M | 27.21M | 5.92M | 3.18M | 1.15M |
| Selling & Marketing | 4.14M | 7.87M | 3.44M | 429.00K | 2.25M | 697.98K | 399.16K | 178.54K |
| SG&A | 101.21M | 90.90M | 54.27M | 22.64M | 29.47M | 6.62M | 3.58M | 2.60M |
| Other Expenses | 71.53M | 30.17M | 23.57M | 6.80M | 1.40M | -462.28K | 28.29K | 0.00 |
| Operating Expenses | 172.74M | 121.07M | 77.83M | 29.44M | 30.87M | 6.70M | 3.61M | 2.66M |
| Cost & Expenses | 529.09M | 376.97M | 194.97M | 81.89M | 50.84M | 12.34M | 8.90M | 6.71M |
| Interest Income | 0.00 | 9.95M | 10.24M | 131.00K | 3.31M | 98.00K | 0.00 | 48.07K |
| Interest Expense | 11.64M | 9.95M | 10.24M | 8.00M | 1.83M | 0.00 | 138.75K | 0.00 |
| Depreciation & Amortization | 32.76M | 30.17M | 23.57M | 6.80M | 1.40M | 85.82K | 28.29K | 72.00K |
| EBITDA | -4.20M | -33.65M | 4.82M | 6.12M | -19.73M | -3.97M | 963.33K | 1.70M |
| EBITDA Ratio | -0.86% | 2.82% | 2.66% | 7.35% | -63.05% | -45.38% | 11.27% | 20.32% |
| Operating Income | -41.43M | -20.11M | -18.74M | -677.00K | -19.55M | -3.73M | 958.84K | 1.62M |
| Operating Income Ratio | -8.49% | -5.64% | -10.35% | -0.81% | -62.47% | -42.68% | 9.59% | 19.46% |
| Total Other Income/Expenses | -7.17M | -1.45M | -17.09M | -6.22M | -7.45M | -2.30M | -401.95K | -11.58K |
| Income Before Tax | -48.60M | -73.76M | -35.77M | -6.13M | -27.00M | -6.03M | 561.38K | 1.68M |
| Income Before Tax Ratio | -9.96% | -20.67% | -19.75% | -7.36% | -86.28% | -68.90% | 5.62% | 20.18% |
| Income Tax Expense | -7.64M | -2.92M | -730.00K | 229.00K | -708.00K | -1.49M | 265.07K | 468.15K |
| Net Income | -39.31M | -70.85M | -35.04M | -6.35M | -26.29M | -4.53M | 296.32K | 1.22M |
| Net Income Ratio | -8.06% | -19.85% | -19.34% | -7.63% | -84.02% | -51.81% | 2.97% | 14.57% |
| EPS | -0.53 | -1.13 | -0.83 | -0.42 | -1.99 | -0.36 | 0.02 | 2.68 |
| EPS Diluted | -0.53 | -1.13 | -0.83 | -0.42 | -1.99 | -0.35 | 0.02 | 2.68 |
| Weighted Avg Shares Out | 74.33M | 62.78M | 42.43M | 15.27M | 13.21M | 12.57M | 13.13M | 453.29K |
| Weighted Avg Shares Out (Dil) | 74.33M | 62.78M | 42.43M | 15.27M | 13.21M | 13.13M | 13.13M | 453.29K |
High Tide Reports Second Quarter 2024 Financial Results Featuring Record Free Cash Flow of $9.4 Million and Positive Net Income
The Company Remains the Largest Non-Franchised Cannabis Retailer in Canada, and is the Second Largest Globally by Store Count, with 172 Operating Locations 1 This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement...
High Tide Executes Binding Subscription Agreements for $15 Million in Subordinated Debt
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...
Wall Street Analysts Think High Tide (HITI) Is a Good Investment: Is It?
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...
High Tide Welcomes Alberta's Decision to Allow Private Label Cannabis Sales
The Company is Well Positioned to Take Advantage of Private Label Sales, Including Through its Newly Acquired Queen of Bud Brand Across Ontario, Manitoba, Saskatchewan and Alberta CALGARY, AB , June 4, 2024 /PRNewswire/ - High Tide Inc. ("High Tide"...
High Tide to Open First Canna Cabana in Huntsville, Ontario
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...
Top Cannabis Penny Stocks to Consider in June
The cannabis industry continues to thrive in 2024, making marijuana stocks a hot topic for investors. With the U.S. market valued at $30 billion and projected to reach $50 billion by 2028, there's immense growth potential. Ancillary companies, which provide...
High Tide Inc. (HITI) Flat As Market Sinks: What You Should Know
High Tide Inc. (HITI) reachead $2.38 at the closing of the latest trading day, reflecting no change compared to its last close.
High Tide to Announce Second Fiscal Quarter 2024 Financial Results
CALGARY, AB , May 28, 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...
High Tide (HITI) Is Considered a Good Investment by Brokers: Is That True?
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...
High Tide Inc. (HITI) Stock Falls Amid Market Uptick: What Investors Need to Know
High Tide Inc. (HITI) closed at $2.18 in the latest trading session, marking a -1.36% move from the prior day.
Source: https://incomestatements.info
Category: Stock Reports