High Tide Reports Strong Revenue Growth, but Investors Aren’t Excited
High Tide (HITI) (TSE: HITI) operates as a counterculture chain that manufactures and sells cannabis accessories. The firm operates through its Wholesale and Retail business segments. Its brands include Famous Brandz, RGR, Smoker''s Corner, Canna Cabana, KushBar, and Kush West. The company recently reported earnings for its second quarter, achieving its ninth straight month of positive adjusted EBITDA at C$2.4 million. Despite this, the stock is down nearly 8% today, as investors don''t seem excited about the earnings report. Earnings per share came in at -C$0.14, which was below analysts'' consensus estimate of -C$0.07. In the past nine quarters, the company has missed earnings estimates six times.
High Tide Reports Strong Revenue Growth, but Investors Aren’t Excited
High Tide (HITI) (TSE: HITI) operates as a counterculture chain that manufactures and sells cannabis accessories. The firm operates through its Wholesale and Retail business segments. Its brands include Famous Brandz, RGR, Smoker''s Corner, Canna Cabana, KushBar, and Kush West. The company recently reported earnings for its second quarter, achieving its ninth straight month of positive adjusted EBITDA at C$2.4 million. Despite this, the stock is down nearly 8% today, as investors don''t seem excited about the earnings report. Earnings per share came in at -C$0.14, which was below analysts'' consensus estimate of -C$0.07. In the past nine quarters, the company has missed earnings estimates six times.