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High Tide Inc. (C:HITI)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 149-2634 45 Ave SE
Tel: N/A
IR: See website
Key People
Harkirat Grover
Executive Chairman of the Board, President, Chief Executive Officer
Nicholas Jonathan Kuzyk
Chief Strategy Officer, Senior Vice-President of Capital Markets and Director
Shimmy Posen
Treasurer, Secretary
Andreas-Alexander Palalas
Chief Revenue Officer
Business Overview
High Tide Inc is a Canada-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market, with portfolio subsidiaries including RGR Canada Inc, Famous Brandz Inc, Kush West Distribution Inc, Smoker's Corner Ltd,, Canna Cabana Inc and the majority of KushBar Inc. Representing the core of the Company's business, RGR Canada Inc is a designer, manufacturer and distributor of cannabis accessories.
Financial Overview
For the nine months ended 31 July 2019, High Tide Inc revenues increased from C$6.7M to C$19.9M. Net loss increased from C$677K to C$10.8M. Revenues reflect Merchandise sales (net of discounts) increase from C$5.9M to C$18.9M, Interest and other revenue increase from C$153K to C$416K. Higher net loss reflects Salaries, wages and benefits increase from C$1.8M to C$7M (expense), General and administration increase from C$1.1M to C$5M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $27.17M as of Jul 31, 2019
Annual revenue (TTM): $21.98M as of Jul 31, 2019
EBITDA (TTM): -$14.82M as of Jul 31, 2019
Net annual income (TTM): -$14.60M as of Jul 31, 2019
Free cash flow (TTM): -$33.59M as of Jul 31, 2019
Net Debt Last Fiscal Year: $21.28M as of Jul 31, 2019
Shares outstanding: 207,684,314 as of Nov 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization