Latest news with #HighTideInc.
Yahoo
13-05-2025
- Business
- Yahoo
High Tide Inc. (HITI) Stock Declines While Market Improves: Some Information for Investors
The most recent trading session ended with High Tide Inc. (HITI) standing at $2.37, reflecting a -1.25% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 3.26%. Elsewhere, the Dow gained 2.81%, while the tech-heavy Nasdaq added 4.35%. Prior to today's trading, shares of the company had gained 18.23% over the past month. This has outpaced the Medical sector's loss of 2.25% and the S&P 500's gain of 3.78% in that time. The investment community will be closely monitoring the performance of High Tide Inc. in its forthcoming earnings report. Simultaneously, our latest consensus estimate expects the revenue to be $96.73 million, showing a 5.6% escalation compared to the year-ago quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.07 per share and a revenue of $404.52 million, indicating changes of -75% and +6.11%, respectively, from the former year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for High Tide Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, High Tide Inc. is carrying a Zacks Rank of #4 (Sell). The Medical - Products industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 167, placing it within the bottom 33% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report High Tide Inc. (HITI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
08-02-2025
- Business
- CBC
Calgary to consider allowing legal cannabis sales at adults-only events
Social Sharing Cannabis retailers may soon be more common at Calgary events, as city council will soon consider allowing the sale of marijuana products at adults-only events. Ward 11 Coun. Kourtney Penner revealed a notice of motion this week that she'll bring to the city's executive committee on Tuesday, calling on council to allow cannabis to be sold at events where minors aren't allowed. Penner cited events like Badlands Music Festival, Chasing Summer and the Great Outdoors Comedy Festival as examples that could benefit from the decision. On Thursday, Penner told reporters the decision would align Calgary policy with Alberta Gaming, Liquor and Cannabis rules that were updated a year ago to permit licensed cannabis retailers to set up temporary sales at adults-only events. "What this does is level the playing field between cannabis and alcohol, which are both legal substances," Penner said. "This is really just about enabling business and creating opportunity for businesses that are legally permissible." After a technical review next week, the motion will be debated by city councillors on Feb. 25. Omar Khan, chief communications and public affairs officer for cannabis company High Tide Inc., welcomed the news about Penner's notice of motion. High Tide, which operates 191 stores under the Canna Cabana brand across Canada, has more than 30 locations of the store in Calgary. Opening up legal sales at local festivals would also help the cannabis industry compete with the illicit market, which Khan identifies as a growing problem for the industry. "We know that when you move a legal cannabis store into a neighbourhood that hasn't previously been served, illicit market activity does go down, because most people want to follow the law," Khan said. Some Calgary festivals have already hosted cannabis consumption spaces. Chinook Cannabis organized a place for cannabis to be delivered and consumed at the Badlands Music Festival last year. Meanwhile, the Calgary Folk Music Festival opened its first legal cannabis-consumption area in 2019. Diplomat Consulting president Nathan Mison, who has advocated for legal cannabis sales at Alberta events for years, argues that cannabis sales should be as ubiquitous at such events as alcohol. Even though Alberta changed its provincial policy on the matter a year ago, Mison said he understands the delay for Calgary to catch up is partly due to more pressing matters for a local government to deal with. But the resulting year-long gap meant Calgary could see how cannabis sales worked at events in Edmonton last year. Plantlife Cannabis, for instance, sold its products at Edmonton's own Great Outdoors Comedy Festival last summer. "Sometimes the best thing that can happen when you're looking for big regulatory changes is a sister city like Edmonton went first and it wasn't a disaster. It was pretty much a moot issue that it happened," Mison said. Looking ahead, Mison added that cannabis hospitality overall is an untapped market in Alberta. He imagines future opportunities for restaurants, bars and cafes to offer cannabis products for chefs and mixologists to use either as an inebriant or as a relaxing agent. In the meantime, Mison noted cannabis sales at music and comedy festivals makes sense when it's not uncommon to encounter the substance in these spaces already. "Let's be a little honest with ourselves as well, it's not like cannabis isn't being consumed at events during legalization or previous to legalization," Mison said. "All you're doing is taking this out of the backrooms and back hallways, and putting it right out in front."
Yahoo
08-02-2025
- Business
- Yahoo
Calgary to consider allowing legal cannabis sales at adults-only events
Cannabis retailers may soon be more common at Calgary events, as city council will soon consider allowing the sale of marijuana products at adults-only events. Ward 11 Coun. Kourtney Penner revealed a notice of motion this week that she'll bring to the city's executive committee on Tuesday, calling on council to allow cannabis to be sold at events where minors aren't allowed. Penner cited events like Badlands Music Festival, Chasing Summer and the Great Outdoors Comedy Festival as examples that could benefit from the decision. On Thursday, Penner told reporters the decision would align Calgary policy with Alberta Gaming, Liquor and Cannabis rules that were updated a year ago to permit licensed cannabis retailers to set up temporary sales at adults-only events. "What this does is level the playing field between cannabis and alcohol, which are both legal substances," Penner said. "This is really just about enabling business and creating opportunity for businesses that are legally permissible." After a technical review next week, the motion will be debated by city councillors on Feb. 25. Omar Khan, chief communications and public affairs officer for cannabis company High Tide Inc., welcomed the news about Penner's notice of motion. High Tide, which operates 191 stores under the Canna Cabana brand across Canada, has more than 30 locations of the store in Calgary. Opening up legal sales at local festivals would also help the cannabis industry compete with the illicit market, which Khan identifies as a growing problem for the industry. "We know that when you move a legal cannabis store into a neighbourhood that hasn't previously been served, illicit market activity does go down, because most people want to follow the law," Khan said. Some Calgary festivals have already hosted cannabis consumption spaces. Chinook Cannabis organized a place for cannabis to be delivered and consumed at the Badlands Music Festival last year. Meanwhile, the Calgary Folk Music Festival opened its first legal cannabis-consumption area in 2019. Diplomat Consulting president Nathan Mison, who has advocated for legal cannabis sales at Alberta events for years, argues that cannabis sales should be as ubiquitous at such events as alcohol. Even though Alberta changed its provincial policy on the matter a year ago, Mison said he understands the delay for Calgary to catch up is partly due to more pressing matters for a local government to deal with. But the resulting year-long gap meant Calgary could see how cannabis sales worked at events in Edmonton last year. Plantlife Cannabis, for instance, sold its products at Edmonton's own Great Outdoors Comedy Festival last summer. "Sometimes the best thing that can happen when you're looking for big regulatory changes is a sister city like Edmonton went first and it wasn't a disaster. It was pretty much a moot issue that it happened," Mison said. Looking ahead, Mison added that cannabis hospitality overall is an untapped market in Alberta. He imagines future opportunities for restaurants, bars and cafes to offer cannabis products for chefs and mixologists to use either as an inebriant or as a relaxing agent. In the meantime, Mison noted cannabis sales at music and comedy festivals makes sense when it's not uncommon to encounter the substance in these spaces already. "Let's be a little honest with ourselves as well, it's not like cannabis isn't being consumed at events during legalization or previous to legalization," Mison said. "All you're doing is taking this out of the backrooms and back hallways, and putting it right out in front."
