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Benzinga

Business

Jelena Martinovic

Analyst Is Warming Up To This Cannabis Stock As It Reports Q1 Earnings & Successful Shift To Discount Model

High Tide Pablo Zuanic High Tide Inc.

On Thursday, Canadian cannabis retailer High Tide Inc. (NASDAQ:HITI) reported that its revenue almost doubled over the year to CA$72.2 million ($57.1 million) in the first quarter of 2022,

Moreover, gross profit increased by 56% to CA$23 million in the first quarter, with the gross profit margin being 32%, compared to 39% in the same period of last year.

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