High Tide to Report First Quarter 2023 Financial Results – Get Ready for High Tide!

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High Tide ($TSXV:HITI) Inc. (TSXV: HITI) is thrilled to be able to provide its investors with an update on its performance for the first quarter of 2023. On March 30, 2023, the Company will be releasing its financial results for the period. This information will provide insight into the Company’s financial standing and performance from January through March of this year. This release signals High Tide’s progress and serves as a milestone to their current success.

Investors are advised to take note of the data provided in order to make well-informed decisions about their investments. Nearing the end of the first quarter of 2023, High Tide Inc. is looking forward to providing more updates on its progress and continued success in the near future. Get ready for High Tide!

Market Price

Investors will be keeping a close eye on the report as it will provide insight into the performance and growth potential of the company. On Monday, HIGH TIDE stock opened at CA$1.9 and closed at the same price, indicating that the market has yet to make a definitive judgement about the company’s future prospects. The financial report will provide a more in-depth look at the company’s performance and help investors make informed decisions about the worthiness of their investments. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for High Tide. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for High Tide. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for High Tide. More…

Key Ratios Snapshot

Some of the financial key ratios for High Tide are shown below. More…

Analysis

As GoodWhale’s analysis of HIGH TIDE‘s fundamentals has indicated, the company is classified as a ‘cheetah’ — a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes HIGH TIDE more suitable for investors that are looking for higher risk/reward opportunities and are more tolerant of short-term volatility. In addition, HIGH TIDE’s health score of 3/10 suggests that it is less likely to be able to pay off debt and fund future operations. While the company is strong in growth and has medium asset, profitability and dividend scores, the overall health score leaves something to be desired. Overall, HIGH TIDE can make a great investment for investors looking for risk/reward opportunities, but it’s important to keep in mind that the company’s overall health score is low. More…

Peers

The Canadian cannabis industry is getting more competitive by the day. High Tide Inc, Nova Cannabis Inc, Kiaro Holdings Corp, and Fire & Flower Holdings Corp are all vying for a piece of the pie. All four companies are focused on expanding their operations and building their brands. High Tide Inc is a leading retailer of cannabis products and accessories in Canada. The company has a strong online presence and is expanding its brick-and-mortar locations. Nova Cannabis Inc is a vertically integrated cannabis company with operations in Canada and Australia. The company has a diverse product portfolio and is focused on innovation. Kiaro Holdings Corp is a Canadian cannabis company that operates retail stores across the country. The company is focused on providing high-quality products and customer service. Fire & Flower Holdings Corp is a Canadian cannabis retailer with operations in Alberta, Saskatchewan, and Ontario. The company is focused on providing a premium customer experience.

– Nova Cannabis Inc ($TSX:NOVC)

Nova Cannabis is a Canadian licensed producer of medical cannabis. The company is headquartered in Calgary, Alberta. As of March 2021, the company had a market capitalization of CAD 41.15 million. The company’s return on equity was -14.5% as of December 2020. Nova Cannabis produces and sells a variety of cannabis products including dried flower, pre-rolls, oils, and capsules. The company also operates a chain of retail stores under the banner “Nova Cannabis” in Alberta and Ontario.

– Kiaro Holdings Corp ($TSXV:KO)

Kiaro Holdings Corp is a publicly traded company with a market capitalization of 1.07 million as of 2022. The company has a return on equity of -117.62%. Kiaro Holdings Corp is engaged in the business of providing online marketing and advertising services. The company offers a range of services including search engine optimization, pay per click management, social media marketing, and web design and development.

– Fire & Flower Holdings Corp ($TSX:FAF)

Fire & Flower Holdings Corp is a leading retailer of cannabis in Canada. The company has a market cap of $94.23 million and a return on equity of -20.94%. The company operates a network of retail locations across the country and offers a wide range of cannabis products.

Summary

High Tide Inc. (HIGH) is set to report its first quarter 2023 financial results. Investors should prepare for the earnings release, as the stock could potentially experience a significant reaction in the market. Analysts are eager to see the company’s financial performance in regard to revenue, net income and gross profit margin for the latest quarter.

Additionally, investors should pay close attention to any guidance and future outlook provided by management. With the financial results set to be announced soon, investors should assess the potential risk and reward factors prior to making any investment decisions regarding this stock.