High Tide Scheduled to Announce Q2 Earnings on June 15
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 hours ago
0mins
Source: seekingalpha
- Earnings Announcement Date: High Tide (HITI) is set to release its Q2 earnings on June 15 after market close, with a consensus EPS estimate of -$0.02, reflecting a 50% year-over-year improvement, indicating potential for enhanced profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $125.53 million, representing an 8.9% year-over-year decline, which highlights the volatility in the cannabis sector that may exert pressure on the company's performance and investor confidence.
- Historical Performance Review: Over the past two years, High Tide has only beaten EPS estimates 25% of the time, yet has surpassed revenue estimates 100% of the time, demonstrating stability in revenue growth despite the need for improvement in profitability metrics.
- Industry Context: While High Tide shows strong revenue growth, the overall volatility in the cannabis industry remains a significant risk factor that could impact future performance and investor decision-making.
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Analyst Views on HITI
Wall Street analysts forecast HITI stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.310
Low
7.50
Averages
7.50
High
7.50
Current: 2.310
Low
7.50
Averages
7.50
High
7.50
About HITI
High Tide Inc. is a retail-focused cannabis company. The Company’s segments include bricks-and-mortar, e-commerce and medical cannabis distribution. Its Bricks-and-mortar segment includes the Company’s Canadian bricks-and-mortar locations. Its E-commerce segment includes the Company’s United States and international subsidiaries and supports the distribution of accessories and other items to the United States. The medical cannabis distribution segment includes the medical cannabis distribution operations. It offers a suite of proprietary brands which include Dopezilla, Atomik, Puff Puff Pass, Vodka Glass, Queen of Bud, and Cabana Cannabis Co. Canna Cabana is the Company’s primary retail cannabis business, offering the retail sale of various cannabis products and accessories through its provincially authorized cannabis retail store locations. Canna Cabana operates a retail cannabis chain with approximately 219 branded stores operating across Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
High Tide Scheduled to Announce Q2 Earnings on June 15
- Earnings Announcement Date: High Tide (HITI) is set to release its Q2 earnings on June 15 after market close, with a consensus EPS estimate of -$0.02, reflecting a 50% year-over-year improvement, indicating potential for enhanced profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $125.53 million, representing an 8.9% year-over-year decline, which highlights the volatility in the cannabis sector that may exert pressure on the company's performance and investor confidence.
- Historical Performance Review: Over the past two years, High Tide has only beaten EPS estimates 25% of the time, yet has surpassed revenue estimates 100% of the time, demonstrating stability in revenue growth despite the need for improvement in profitability metrics.
- Industry Context: While High Tide shows strong revenue growth, the overall volatility in the cannabis industry remains a significant risk factor that could impact future performance and investor decision-making.
See More
High Tide Secures C$40 Million Loan Agreement with BMO
- Loan Agreement Secured: High Tide Inc. has secured a loan agreement with Bank of Montreal for C$40 million in new senior secured credit facilities, with closing expected within 30 days, marking a pivotal moment for the company's growth trajectory.
- Lower Capital Costs: The new credit facilities will replace the existing senior credit facility, which is anticipated to materially lower capital costs, thereby enhancing the company's financial flexibility and supporting future expansion plans.
- Market Share Growth: High Tide's subsidiary, Canna Cabana, operates 228 locations in Canada, capturing a 12% market share, and this financing will facilitate further expansion in global markets, particularly in its retail presence in Germany.
- Recognition of Sustained Growth: High Tide has been recognized as one of Canada's Top Growing Companies for five consecutive years, reflecting its strong performance and market leadership in the rapidly evolving cannabis industry, which is likely to continue attracting investor interest.
See More
High Tide Acquires Northern Helm to Expand Retail Operations
- Acquisition Details: High Tide is acquiring four retail stores from Northern Helm for $7.74 million, which will increase its total store count in Ontario to 103, thereby enhancing its market share and driving revenue growth.
- Strategic Objective: This acquisition represents a significant step towards High Tide's long-term goal of building a network of over 350 stores, demonstrating its commitment and capability in retail market expansion.
- Financial Impact: The purchase price reflects 4.5 times the annualized Adjusted EBITDA of the stores, indicating that High Tide is acquiring cash-flowing assets at reasonable multiples, which is expected to create long-term value for shareholders.
- Diversified Growth: High Tide's medical cannabis division is rapidly emerging as a second engine of growth, further solidifying its competitive advantage in the cannabis industry and driving sustainable growth across its overall business.
See More
High Tide Secures C$40 Million Loan Approval
- Loan Agreement Details: High Tide has secured a loan agreement with Bank of Montreal for C$40 million in new credit facilities, which includes a C$25 million revolving credit and a C$15 million delayed draw term loan, expected to significantly lower financing costs and support the company's expansion plans.
- Clear Use of Funds: The new credit facilities will be utilized to refinance existing loans and second-lien debentures while providing capital for general working needs and future acquisitions, ensuring the company remains competitive in the rapidly growing cannabis market.
- Market Position Strengthened: High Tide's subsidiary, Canna Cabana, is the largest cannabis retail chain in Canada with 228 domestic and 1 international location, holding a 12% market share, and this financing will further bolster its market leadership.
- Future Growth Potential: The company anticipates closing the new credit facilities within the next 30 days, which will provide robust financial support for its ongoing growth and expansion into Germany and other federally legal markets.
See More
High Tide Acquires Northern Helm to Expand Retail Network
- Acquisition Overview: High Tide Inc. has entered into an acquisition agreement with Northern Helm to purchase four retail stores in Ontario for $7.74 million, which will increase High Tide's total store count to 228, further solidifying its leadership position in the Canadian market.
- Financial Impact Analysis: The acquisition price represents approximately 4.5 times the annualized Adjusted EBITDA, indicating High Tide's strategic intent to acquire strong cash-flowing assets at reasonable multiples, which is expected to create long-term value for shareholders.
- Market Expansion Strategy: This acquisition not only surpasses 100 stores in Ontario but also marks a significant step towards High Tide's long-term goal of establishing a network of over 350 stores, enhancing its market share and customer loyalty.
- Diversified Growth Engine: High Tide's medical cannabis division is rapidly emerging as a second engine of growth, and as the retail business continues to expand, it is expected to further widen the company's competitive moat and market share.
See More
High Tide Inc. to Release Q2 Earnings
- Earnings Release Date: High Tide Inc. is set to release its Q2 earnings on June 15, with the market keenly awaiting the latest financial performance to assess the company's operational status.
- Analyst Predictions: Analysts forecast a loss of 2 cents per share on revenue of $124.36 million, reflecting a cautious outlook on the company's profitability amid market challenges.
- Stock Price Reaction: Following the March 17 results, High Tide Inc.'s stock rose by 1.8%, indicating a slight recovery in investor confidence regarding the company's future performance.
- Market Attention: As the earnings report approaches, investors will closely monitor the performance data to gauge the company's potential for sustained growth in a competitive market environment.
See More
High Tide Scheduled to Announce Q2 Earnings on June 15
- Earnings Announcement Date: High Tide (HITI) is set to release its Q2 earnings on June 15 after market close, with a consensus EPS estimate of -$0.02, reflecting a 50% year-over-year improvement, indicating potential for enhanced profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $125.53 million, representing an 8.9% year-over-year decline, which highlights the volatility in the cannabis sector that may exert pressure on the company's performance and investor confidence.
- Historical Performance Review: Over the past two years, High Tide has only beaten EPS estimates 25% of the time, yet has surpassed revenue estimates 100% of the time, demonstrating stability in revenue growth despite the need for improvement in profitability metrics.
- Industry Context: While High Tide shows strong revenue growth, the overall volatility in the cannabis industry remains a significant risk factor that could impact future performance and investor decision-making.
See More
High Tide Secures C$40 Million Loan Agreement with BMO
- Loan Agreement Secured: High Tide Inc. has secured a loan agreement with Bank of Montreal for C$40 million in new senior secured credit facilities, with closing expected within 30 days, marking a pivotal moment for the company's growth trajectory.
- Lower Capital Costs: The new credit facilities will replace the existing senior credit facility, which is anticipated to materially lower capital costs, thereby enhancing the company's financial flexibility and supporting future expansion plans.
- Market Share Growth: High Tide's subsidiary, Canna Cabana, operates 228 locations in Canada, capturing a 12% market share, and this financing will facilitate further expansion in global markets, particularly in its retail presence in Germany.
- Recognition of Sustained Growth: High Tide has been recognized as one of Canada's Top Growing Companies for five consecutive years, reflecting its strong performance and market leadership in the rapidly evolving cannabis industry, which is likely to continue attracting investor interest.
See More
High Tide Acquires Northern Helm to Expand Retail Operations
- Acquisition Details: High Tide is acquiring four retail stores from Northern Helm for $7.74 million, which will increase its total store count in Ontario to 103, thereby enhancing its market share and driving revenue growth.
- Strategic Objective: This acquisition represents a significant step towards High Tide's long-term goal of building a network of over 350 stores, demonstrating its commitment and capability in retail market expansion.
- Financial Impact: The purchase price reflects 4.5 times the annualized Adjusted EBITDA of the stores, indicating that High Tide is acquiring cash-flowing assets at reasonable multiples, which is expected to create long-term value for shareholders.
- Diversified Growth: High Tide's medical cannabis division is rapidly emerging as a second engine of growth, further solidifying its competitive advantage in the cannabis industry and driving sustainable growth across its overall business.
See More
High Tide Secures C$40 Million Loan Approval
- Loan Agreement Details: High Tide has secured a loan agreement with Bank of Montreal for C$40 million in new credit facilities, which includes a C$25 million revolving credit and a C$15 million delayed draw term loan, expected to significantly lower financing costs and support the company's expansion plans.
- Clear Use of Funds: The new credit facilities will be utilized to refinance existing loans and second-lien debentures while providing capital for general working needs and future acquisitions, ensuring the company remains competitive in the rapidly growing cannabis market.
- Market Position Strengthened: High Tide's subsidiary, Canna Cabana, is the largest cannabis retail chain in Canada with 228 domestic and 1 international location, holding a 12% market share, and this financing will further bolster its market leadership.
- Future Growth Potential: The company anticipates closing the new credit facilities within the next 30 days, which will provide robust financial support for its ongoing growth and expansion into Germany and other federally legal markets.
See More
High Tide Acquires Northern Helm to Expand Retail Network
- Acquisition Overview: High Tide Inc. has entered into an acquisition agreement with Northern Helm to purchase four retail stores in Ontario for $7.74 million, which will increase High Tide's total store count to 228, further solidifying its leadership position in the Canadian market.
- Financial Impact Analysis: The acquisition price represents approximately 4.5 times the annualized Adjusted EBITDA, indicating High Tide's strategic intent to acquire strong cash-flowing assets at reasonable multiples, which is expected to create long-term value for shareholders.
- Market Expansion Strategy: This acquisition not only surpasses 100 stores in Ontario but also marks a significant step towards High Tide's long-term goal of establishing a network of over 350 stores, enhancing its market share and customer loyalty.
- Diversified Growth Engine: High Tide's medical cannabis division is rapidly emerging as a second engine of growth, and as the retail business continues to expand, it is expected to further widen the company's competitive moat and market share.
See More
High Tide Inc. to Release Q2 Earnings
- Earnings Release Date: High Tide Inc. is set to release its Q2 earnings on June 15, with the market keenly awaiting the latest financial performance to assess the company's operational status.
- Analyst Predictions: Analysts forecast a loss of 2 cents per share on revenue of $124.36 million, reflecting a cautious outlook on the company's profitability amid market challenges.
- Stock Price Reaction: Following the March 17 results, High Tide Inc.'s stock rose by 1.8%, indicating a slight recovery in investor confidence regarding the company's future performance.
- Market Attention: As the earnings report approaches, investors will closely monitor the performance data to gauge the company's potential for sustained growth in a competitive market environment.
See More
