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High Tide's Q3 showed great sales growth amid slower industry growth, as the Canna Cabana chain continues gaining market share. The gross margin contracted sequentially, being a cost of the rapid sales expansion, but I believe that the long-term case for margin expansion still stands. High Tide's retail network expansion, membership growth, private label launch, pop-up stores, and potential new market entries should continue the ongoing momentum in upcoming years.

High Tide Inc. (NASDAQ:HITI ) Q3 2024 Earnings Conference Call September 17, 2024 11:30 AM ET Company Participants Krystal Dafoe - Director, Corporate Governance Raj Grover - President and CEO Mayank Mahajan - CFO Conference Call Participants Scott Fortune - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Mike Regan - Excelsior Andrew Semple - Ventum Financial Doug Cooper - Beacon Securities Operator Good morning. My name is Nadia, and I'll be your conference operator today.

High Tide Inc. (HITI) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.03 per share a year ago.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

High Tide Inc. (HITI) closed at $2.22 in the latest trading session, marking a +1.37% move from the prior day.

Given High Tide's progress in executing its strategic initiatives, we expect it to report robust Q3 bricks-and-mortar segment sales.

In the most recent trading session, High Tide Inc. (HITI) closed at $1.92, indicating a +1.59% shift from the previous trading day.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

In the latest trading session, High Tide Inc. (HITI) closed at $1.99, marking a +1.53% move from the previous day.