Following what he describes as a “strong” quarter, Ventum Capital Markets analyst Andrew Semple has maintained his “Buy” rating on High Tide (High Tide Stock Quote, Chart, News, Analysts, Financials TSXV:HITI).
On September 16, HITI reported its Q3m 2024 results. The company posted Net Income of $800,000 on revenue of $131.7-million, a topline that was up 6%, year-over-year.
“Over the last year, the High Tide team has presented investors with compelling proof points as to how we’re different than other retailers and our third quarter results offer even further evidence of this,” CEO Raj Grover said. “Our numbers continue to drive home the fact that we are a well-managed, innovative company that has grown responsibly while continuing to build value for shareholders. Numbers don’t lie, and this quarter’s record revenue, positive net income and free cash flow, for the fifth consecutive quarter,…
