High Tide (CSE: HITI) (OTCQB: HTDEF) - Investor Dashboard


High Tide, Inc.
CSE Ticker: HITI
OTCQB Ticker: HTDEF
Sector: Retail
Industry: Consumer Products
Country: Canada
Employees: 130 as of 03/19
Established: 2009
CEO: Raj Grover

Summary

Fiscal Year-End: October 31
Exchange CSE
Headquarters: Calgary, Alberta
Sector: Retail
Auditor: MNP LLP
Stores in Operation 24 (13 Smoker’s Corner, 11 Canna Cabana)

Financials (01/31/19)

Cash on hand: C$7.0 million
Fixed Investment: C$6.5 million
Shareholders’ Equity: C$25.2 million
Revenues – Last Quarter: C$5.0 million
Adj. Gross Margin :36.1 %
EPS : -C$0.02

Capital Structure (04/01/19)

Last Financing: $11.33 million convertible notes at C$0.75
Basic Shares: 196.9 million
Warrants: 22.6 million
Options: 8.8 million
Diluted Shares: 243.4 million

 


Company Brief

After a decade of experience in retail cannabis accessories, High Tide is rolling out Canada’s most ambitious cannabis retail concept through retrofit and expansion of the company’s established footprint. As Canada’s largest counterculture chain, High Tide’s companies have been serving cannabis consumers across the country for a decade and have an intimate understanding of their needs and wants.

High Tide is an Alberta-based, downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker’s Corner Ltd., Grasscity, Canna Cabana Inc. and the majority of KushBar Inc.

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Highlights

  • Positioned to become one of Canada’s largest cannabis retail networks
  • 10 years of cannabis accessory operations
  • Six different brands covering regulated and unregulated market both online, in-store, and wholesale
  • Aurora Cannabis as a strategic investor

Growth Strategy

  • CSE listing enables High Tide to acquire and develop assets in the U.S, Europe, and elsewhere while growing organically  to be a retail-focused, vertically-integrated company
  • Establish a retail presence in all applicable Canadian provinces
  • Continuous R&D
  • Focus on accretive growth through asset and business acquisitions and internal projects

Differentiators

  • One of the largest retail footprints in Canada with 13 Smoker’s Corner retail stores and 11 Canna Cabana retail cannabis stores as of April 2019
  • Planning a new retail concept: KushBar
  • Recently acquired Grasscity, the most visited smoking accessories e-retailer online
  • Wholesale business through RGR Canada and Famous Brandz

Curated Stories & News


Visit High Tide, Inc.
at www.hightideinc.com.

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