Cantor Fitzgerald has decided to maintain its Neutral rating of High Tide (NASDAQ:HITI) and lower its price target from $7.00 to $4.45.
Shares of High Tide are trading down 1.7% over the last 24 hours, at $2.02 per share.
A move to $4.45 would account for a 120.82% increase from the current share price.
About High Tide
High Tide Inc is a downstream focused retailer of cannabis products, distributor, and seller 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., Grasscity.com, Canna Cabana Inc. and KushBar Inc. The firm has established two main segments, being retail and wholesale. It generates substantial revenue from retail stores e-commerce platforms. Geographically it serves Canada, the USA and other international markets and earns key revenue from domestic sales.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
