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High Tide Inc. (HITI): A Bull Case Theory [Yahoo! Finance]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-irhome
A close-up shot of a cannabis leaf on a cannabis cultivation farm. High Tide (NASDAQ:HITI) has emerged as a standout in the cannabis industry. It started from a business focused on selling consumption accessories. The company's CEO then used the legalization of cannabis in Canada to transform High Tide (NASDAQ:HITI) into the country's leading cannabis retailer. Through a combination of calculated acquisitions and the implementation of an innovative discount club model, the company now controls over 10% of the Canadian cannabis market. That's despite the fact that High Tide's (NASDAQ:HITI) cannabis retail store count contributes to just 5% of stores of its kind. High Tide's pricing strategy offers some of the lowest prices, and it has contributed to the decline of several competitors. This then allowed the company to strengthen its foothold in a rapidly consolidating industry. Today, the discount model program has more than 1.5 million members and continues to grow each quarter.
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