HITI News & Events

Stock futures were fractionally lower following marginal gains during Tuesday's session amid continuing conflict in Iran. Though oil ended up down for the session, it was trading higher earlier in the session once again following comments from President Trump on Monday, in which he suggested that a coalition to protect shipping along the Strait of Hormuz remains in the works, though he told reporters that some countries are "less than enthusiastic" about such plans. Meanwhile, investors continue to monitor further developments in Iran, particularly after Iran's security chief Ali Larijani was killed in airstrikes overnight, according to Israeli Defense Minister Israel Katz.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -High Tideup 8.4%ALSO HIGHER -Swarmerup 35.2% after its IPO opened at $12.50 per shareLOWER AFTER EARNINGS -Cibusdown 10.3%Lululemondown 1.6%ALSO LOWER -Intelligent Protectiondown 8.5% after filing to sell 9M shares of common stock for holders

Reports Q1 revenue $178.3M, consensus $173.8M. Raj Grover, CEO, said, "We delivered another quarter of solid results, highlighted by record revenue, record gross profit, and positive free cash flow. Our innovative discount club model, built around customer loyalty, continues to be the backbone of our success. Cabana Club membership keeps growing rapidly, and our stores continue to outperform peers, while our core bricks-and-mortar segment achieved its fifth consecutive quarter of sequential gross margin improvement. Internationally, our German business is gaining strong momentum. The first full fiscal quarter following our acquisition of Remexian exceeded our expectations, and since quarter-end we have seen further improvements in both revenue and margins. As we begin to realize success in Germany, we are also exploring additional international opportunities, including the United Kingdom, where we are engaging with major industry participants with the goal of entering the market through a potential M&A transaction within the next 12 months." Grover, Founder and Chief Executive Officer of High Tide

High Tide and its subsidiary, NuLeaf Naturals announced they have joined the National Compassionate Care Council as founding members. "Federal cannabis policy in the United States is entering a meaningful transition," said Raj Grover, CEO. "Through our experience building health-focused brands such as NuLeaf Naturals and FAB CBD, we have developed meaningful expertise in serving consumers seeking cannabinoid-based wellness products within a responsible regulatory framework. We are pleased to join the NCCC so that High Tide and NuLeaf can help contribute to the development of thoughtful U.S. federal and state medical cannabis policy, while supporting efforts aimed at improving patient access to cannabinoid therapies across the United States. "The NCCC is dedicated to improving patient access to cannabinoid therapies by modernizing healthcare standards and advancing evidence-based policy. The Council brings together healthcare-focused organizations across the medicinal cannabis sector that prioritize product quality, research, and patient outcomes.