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High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. Our growing network of stores across Canada is complemented by our leading, vertically-integrated position in the North American and European e-commerce space related to hemp-derived CBD and consumption accessories. This combination and our track record of execution have enabled us to consistently generate superior margins across our ecosystem. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.

HITI Profile

Sector: Process Industries
Industry: Health Care

High Tide is a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue, with 105 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan, and was featured in the third annual Report on Business Magazine’s ranking of Canada’s Top Growing Companies in 2021. The Company is also North America’s first and only cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com and more recently in the hemp-derived CBD space through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and CBDcity.com, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide’s strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value.

Financials Packages

2019

2018

2017

Analyst Coverage

Andrew Semple
Equity Research Analyst – Special Situations, Echelon Wealth Partners
(416) 687-6656
[email protected]
Sedar Profile

David M. Kideckel, PhD
Analyst, Managing Director, ATB Capital Markets
(416) 587-2549
[email protected]