High Tide Inc.

TSXV:HITI Stock Report

Market Cap: CA$349.3m

High Tide Management

Management criteria checks 2/4

High Tide's CEO is Raj Grover, appointed in Feb 2018, has a tenure of 6.83 years. total yearly compensation is CA$1.71M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 8.11% of the company’s shares, worth CA$28.34M. The average tenure of the management team and the board of directors is 3.9 years and 6.2 years respectively.

Key information

Raj Grover

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage32.1%
CEO tenure6.8yrs
CEO ownership8.1%
Management average tenure3.9yrs
Board average tenure6.2yrs

Recent management updates

Recent updates

High Tide Inc.'s (CVE:HITI) Shares Leap 30% Yet They're Still Not Telling The Full Story

Oct 19
High Tide Inc.'s (CVE:HITI) Shares Leap 30% Yet They're Still Not Telling The Full Story

Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Oct 04
Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Market Cool On High Tide Inc.'s (CVE:HITI) Revenues

Aug 14
Market Cool On High Tide Inc.'s (CVE:HITI) Revenues

Here's What Analysts Are Forecasting For High Tide Inc. (CVE:HITI) After Its Second-Quarter Results

Jun 16
Here's What Analysts Are Forecasting For High Tide Inc. (CVE:HITI) After Its Second-Quarter Results

High Tide (CVE:HITI) Seems To Use Debt Quite Sensibly

Apr 25
High Tide (CVE:HITI) Seems To Use Debt Quite Sensibly

High Tide Inc. (CVE:HITI) Screens Well But There Might Be A Catch

Mar 16
High Tide Inc. (CVE:HITI) Screens Well But There Might Be A Catch

Here's Why High Tide (CVE:HITI) Can Afford Some Debt

Sep 23
Here's Why High Tide (CVE:HITI) Can Afford Some Debt

Take Care Before Diving Into The Deep End On High Tide Inc. (CVE:HITI)

Jul 25
Take Care Before Diving Into The Deep End On High Tide Inc. (CVE:HITI)

Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Mar 31
Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?

Is High Tide (CVE:HITI) A Risky Investment?

Nov 16
Is High Tide (CVE:HITI) A Risky Investment?

CEO Compensation Analysis

How has Raj Grover's remuneration changed compared to High Tide's earnings?
DateTotal CompensationSalaryCompany Earnings
Jul 31 2024n/an/a

-CA$30m

Apr 30 2024n/an/a

-CA$34m

Jan 31 2024n/an/a

-CA$36m

Oct 31 2023CA$2mCA$550k

-CA$39m

Jul 31 2023n/an/a

-CA$62m

Apr 30 2023n/an/a

-CA$61m

Jan 31 2023n/an/a

-CA$68m

Oct 31 2022CA$751kCA$450k

-CA$72m

Jul 31 2022n/an/a

-CA$22m

Apr 30 2022n/an/a

-CA$21m

Jan 31 2022n/an/a

-CA$25m

Oct 31 2021CA$2mCA$330k

-CA$34m

Jul 31 2021n/an/a

-CA$32m

Apr 30 2021n/an/a

-CA$27m

Jan 31 2021n/an/a

-CA$19m

Oct 31 2020CA$521kCA$311k

-CA$6m

Jul 31 2020n/an/a

-CA$20m

Apr 30 2020n/an/a

-CA$28m

Jan 31 2020n/an/a

-CA$26m

Oct 31 2019CA$699kCA$284k

-CA$26m

Jul 31 2019n/an/a

-CA$15m

Apr 30 2019n/an/a

-CA$12m

Jan 31 2019n/an/a

-CA$9m

Oct 31 2018CA$527kCA$255k

-CA$5m

Compensation vs Market: Raj's total compensation ($USD1.19M) is above average for companies of similar size in the Canadian market ($USD737.53K).

Compensation vs Earnings: Raj's compensation has increased whilst the company is unprofitable.

CEO

Raj Grover (42 yo)

6.8yrs

Tenure

CA$1,711,380

Compensation

Mr. Harkirat Grover also known as Raj, is Founder, Chief Executive Officer, President of High Tide Inc. since February 08, 2018 and serves as its Director since February 08, 2018 and serves as Executive Ch...

Leadership Team

NamePositionTenureCompensationOwnership
Harkirat Grover
Founder6.8yrsCA$1.71m8.11%
CA$ 28.3m
Aman Sood
Chief Operating Officer3.8yrsCA$480.53k0.062%
CA$ 217.7k
Omar Khan
Chief Communications & Public Affairs Officer3.9yrsCA$335.88k0.011%
CA$ 39.4k
Andreas-Alexander Palalas
Chief Marketing Officer1.1yrsCA$384.23k0.068%
CA$ 236.7k
Mayank Mahajan
Chief Financial Officerless than a yearno datano data
Joy Avzar
VP & Legal Counsel4.1yrsCA$253.00k0.0057%
CA$ 19.9k
Sandy Sharma
Vice President of Human Resourcesno datano datano data
Shimshon Posen
Secretary & Treasurer6yrsno datano data
Krystal Dafoe
Director of Corporate Governanceno datano datano data

3.9yrs

Average Tenure

37yo

Average Age

Experienced Management: HITI's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Harkirat Grover
Founder6.8yrsCA$1.71m8.11%
CA$ 28.3m
Arthur Kwan
Independent Director6.3yrsCA$328.22k0.26%
CA$ 908.9k
Nitin Kaushal
Independent Director6.2yrsCA$408.98k0.20%
CA$ 714.4k
Andrea Elliott
Independent Director3.9yrsCA$285.47k0.12%
CA$ 415.8k
Christian Sinclair
Independent Director4.1yrsCA$282.75k0.082%
CA$ 286.3k

6.2yrs

Average Tenure

53yo

Average Age

Experienced Board: HITI's board of directors are considered experienced (6.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:22
End of Day Share Price 2024/12/20 00:00
Earnings2024/07/31
Annual Earnings2023/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

High Tide Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David KideckelATB Capital Markets
Frederico Yokota Choucair GomesATB Capital Markets
Doug CooperBeacon Securities Limited