Canadian cannabis operator High Tide filed financial for the first quarter of 2022 after the close of the equity markets on Thursday, reporting revenue of 72.2 million Canadian dollars ($57.1 million) for the three-month period ending January 31, an increase of 88% over the same quarter last year and 34% more than revenue reported for the fourth quarter of 2021.
High Tide, a cannabis company focusing on brick-and-mortar shops and e-commerce ventures, is the largest Canadian retailer of recreational marijuana as measured by revenue, with 113 current locations in Ontario, Alberta, Manitoba and Saskatchewan. The company has also been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com.
More recently, High Tide has entered the hemp-derived CBD sector through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution. Shares of High Tide (HITI) are sold on the NASDAQ and Toronto Stock Exchange equity markets, as well as on the Frankfurt Stock Exchange under the symbol 2LYA.
High Tide operates more than 100 Canna Cabana retail stores in Ontario, Alberta, Manitoba and … [+]
Photo courtesy of High Tide.
In its first quarter financial results, High Tide reported that gross profit increased 56% to CA$23 million compared to CA$14.8 million in…
Original Author Link click here to read complete story..
Canadian cannabis operator High Tide filed financial for the first quarter of 2022 after the close of the equity markets on Thursday, reporting revenue of 72.2 million Canadian dollars ($57.1 million) for the three-month period ending January 31, an increase of 88% over the same quarter last year and 34% more than revenue reported for the fourth quarter of 2021.
High Tide, a cannabis company focusing on brick-and-mortar shops and e-commerce ventures, is the largest Canadian retailer of recreational marijuana as measured by revenue, with 113 current locations in Ontario, Alberta, Manitoba and Saskatchewan. The company has also been serving consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com.
More recently, High Tide has entered the hemp-derived CBD sector through Nuleafnaturals.com, FABCBD.com, BlessedCBD.co.uk, and BlessedCBD.de, as well as its wholesale distribution division under Valiant Distribution. Shares of High Tide (HITI) are sold on the NASDAQ and Toronto Stock Exchange equity markets, as well as on the Frankfurt Stock Exchange under the symbol 2LYA.
High Tide operates more than 100 Canna Cabana retail stores in Ontario, Alberta, Manitoba and … [+]
Photo courtesy of High Tide.
In its first quarter financial results, High Tide reported that gross profit increased 56% to CA$23 million compared to CA$14.8 million in…
