TSXV:HITIPharmaceuticals
High Tide (TSXV:HITI) Stock Turns Profitable As Record Sales Lift Confidence
High Tide stock came into this earnings print with a mixed tape, up over the past month but down about 5% across the last week, so the bar for a clean beat was not especially high. The business then dropped what management called the best quarter in its history, anchored by record Q3 revenue of CA$198.8m and adjusted EBITDA of CA$16.2m. The real headline is the pivot from grinding losses to a meaningful profit, with basic earnings per share at CA$0.13 and free cash flow of CA$7m in the...