High Tide Management

Management criteria checks 2/4

High Tide's CEO is Raj Grover, appointed in Feb 2018, has a tenure of 6.17 years. total yearly compensation is CA$1.71M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 8.44% of the company’s shares, worth €12.58M. The average tenure of the management team and the board of directors is 3.3 years and 5.5 years respectively.

Key information

Raj Grover

Chief executive officer

CA$1.7m

Total compensation

CEO salary percentage	32.1%
CEO tenure	6.2yrs
CEO ownership	8.4%
Management average tenure	3.3yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Raj Grover's remuneration changed compared to High Tide's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	-CA$36m
Oct 31 2023	CA$2m	CA$550k	-CA$39m
Jul 31 2023	n/a	n/a	-CA$63m
Apr 30 2023	n/a	n/a	-CA$61m
Jan 31 2023	n/a	n/a	-CA$68m
Oct 31 2022	CA$751k	CA$450k	-CA$72m
Jul 31 2022	n/a	n/a	-CA$22m
Apr 30 2022	n/a	n/a	-CA$21m
Jan 31 2022	n/a	n/a	-CA$25m
Oct 31 2021	CA$2m	CA$330k	-CA$34m
Jul 31 2021	n/a	n/a	-CA$32m
Apr 30 2021	n/a	n/a	-CA$27m
Jan 31 2021	n/a	n/a	-CA$19m
Oct 31 2020	CA$521k	CA$311k	-CA$6m
Jul 31 2020	n/a	n/a	-CA$20m
Apr 30 2020	n/a	n/a	-CA$28m
Jan 31 2020	n/a	n/a	-CA$26m
Oct 31 2019	CA$699k	CA$284k	-CA$26m
Jul 31 2019	n/a	n/a	-CA$15m
Apr 30 2019	n/a	n/a	-CA$12m
Jan 31 2019	n/a	n/a	-CA$9m
Oct 31 2018	CA$527k	CA$255k	-CA$5m

Compensation vs Market: Raj's total compensation ($USD1.25M) is above average for companies of similar size in the German market ($USD691.02K).

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

CEO

Raj Grover (41 yo)

6.2yrs

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

Name	Position	Tenure	Compensation	Ownership
Harkirat Grover	Founder	6.2yrs	CA$1.71m	8.44% CA$ 12.6m
Sergio Patino	Chief Financial Officer	1.2yrs	CA$344.77k	0% CA$ 0
Aman Sood	Chief Operating Officer	3.1yrs	CA$480.53k	0.064% CA$ 95.8k
Omar Khan	Chief Communications & Public Affairs Officer	3.3yrs	CA$335.88k	0.011% CA$ 17.1k
Andreas-Alexander Palalas	Chief Marketing Officer	less than a year	CA$384.23k	0.045% CA$ 66.7k
Joy Avzar	VP & Legal Counsel	3.4yrs	CA$253.00k	0.0058% CA$ 8.7k
Sandy Sharma	Vice President of Human Resources	no data	no data	no data
Shimshon Posen	Secretary & Treasurer	5.3yrs	no data	no data
Krystal Dafoe	Director of Corporate Governance	no data	no data	no data

3.3yrs

Average Tenure

Experienced Management: 2LYA's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Harkirat Grover	Founder	6.2yrs	CA$1.71m	8.44% CA$ 12.6m
Arthur Kwan	Independent Director	5.7yrs	CA$328.22k	0.21% CA$ 319.1k
Nitin Kaushal	Independent Director	5.5yrs	CA$408.98k	0.24% CA$ 355.9k
Andrea Elliott	Independent Director	3.3yrs	CA$285.47k	0.12% CA$ 180.3k
Christian Sinclair	Independent Director	3.4yrs	CA$282.75k	0.12% CA$ 174.8k

5.5yrs

Average Tenure

52yo

Average Age

Experienced Board: 2LYA's board of directors are considered experienced (5.5 years average tenure).

High Tide Management

Management criteria checks 2/4

Key information

Recent management updates

High Tide Inc. Announces Transition of Chief Financial Officer

Insufficient new directors

Founder recently bought €80k worth of stock

High Tide Inc. Appoints Sergio Patino as Permanent CFO

Founder recently bought €101k worth of stock

High Tide Announces Management Change, Effective February 28, 2023

Recent updates

High Tide Inc. Announces Transition of Chief Financial Officer

New major risk - Share price stability

First quarter 2024 earnings released: EPS: CA$0 (vs CA$0.054 loss in 1Q 2023)

High Tide Inc. to Report Q1, 2024 Results on Mar 15, 2024

Insufficient new directors

Full year 2023 earnings released: CA$0.53 loss per share (vs CA$1.14 loss in FY 2022)

High Tide Inc. to Report Q4, 2023 Results on Jan 29, 2024

High Tide Inc. (TSXV:HITI) entered into an agreement to acquire Certain Assets of Canadian Cannabis Media Corp. for CAD 1.5 million

High Tide Inc. (TSXV:HITI) entered into an agreement to acquire Certain Assets of Canadian Cannabis Media Corp. for CAD 1.5 million

Founder recently bought €80k worth of stock

New minor risk - Market cap size

High Tide Inc. Launches Cabanalytics Consumer Insights to 1.1 Million Cabana Club Members

Third quarter 2023 earnings released: CA$0.04 loss per share (vs CA$0.043 loss in 3Q 2022)

High Tide Inc. to Report Q3, 2023 Results on Sep 14, 2023

High Tide Inc. Appoints Sergio Patino as Permanent CFO

Second quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.14 loss in 2Q 2022)

High Tide Inc. to Report Q2, 2023 Results on Jun 14, 2023

Founder recently bought €101k worth of stock

First quarter 2023 earnings released: CA$0.054 loss per share (vs CA$0.14 loss in 1Q 2022)

High Tide Announces Management Change, Effective February 28, 2023

High Tide Inc. Reports Impairment Charges for the Fourth Quarter Ended October 31, 2022

Full year 2022 earnings released: CA$1.14 loss per share (vs CA$0.83 loss in FY 2021)

High Tide Inc. to Report Q4, 2022 Results on Jan 30, 2023

Now 21% undervalued after recent price drop

High Tide Inc. (TSXV:HITI) agreed to acquire Jimmy's Cannabis Shop for $5.3 million.

Third quarter 2022 earnings released: CA$0.04 loss per share (vs CA$0.036 loss in 3Q 2021)

High Tide Inc. (TSXV:HITI) completed the acquisition of Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 4.4 million.

High Tide Inc. to Report Q3, 2022 Results on Sep 14, 2022

High Tide Inc. has completed a Composite Units Offering in the amount of CAD 10.000128 million.

High Tide Inc. (TSXV:HITI) entered into a binding agreement to acquire Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 5.1 million.

High Tide Inc. announced that it has received CAD 5 million in funding

High Tide Inc. Announces Cabana Cannabis Co. Branded White Label Products to Launch in Ontario This Fall

Second quarter 2022 earnings released: CA$0.14 loss per share (vs CA$0.30 loss in 2Q 2021)

High Tide Inc. Launches Private Label Cannabis 2.0 Products in Saskatchewan

High Tide Inc. (TSXV:HITI) completed the acquisition of Livonit Foods Inc.

High Tide Inc. to Report Q2, 2022 Results on Jun 14, 2022

High Tide Inc. (TSXV:HITI) acquired 2080791 Alberta Ltd for CAD 2.6 million.

High Tide Inc. (TSXV:HITI) entered into a definitive agreement to acquire 2080791 Alberta Ltd.

High Tide Inc. (TSXV:HITI) entered into a definitive agreement to acquire Livonit Foods Inc. for CAD 2.8 million.

High Tide Inc. to Report Q1, 2022 Results on Mar 17, 2022

High Tide Inc. (TSXV:HITI) completed the acquisition of Bud Room Inc.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

High Tide Inc. Provides Revenue Guidance for the First Fiscal Quarter of 2022

No longer forecast to breakeven

High Tide Inc. (TSXV:HITI) agreed to acquire Bud Room Inc. for CAD 3.3 million.

High Tide Inc. (TSXV:HITI) completed the acquisition of 80% stake in NuLeaf Naturals, LLC for $27.1 million.

Forecast to breakeven in 2024

High Tide Inc. (TSXV:HITI) entered into an agreement to acquire 80% stake in NuLeaf Naturals, LLC for $31.2 million.

Third quarter 2021 earnings released

High Tide Inc. (TSXV:HITI) completed the acquisition of 102105699 Saskatchewan Ltd. from 102130670 Saskatchewan Ltd., Trevor Green, Mike Templeton and Mikolay Cupial.

High Tide Inc. (TSXV:HITI) entered into an agreement to acquire 102105699 Saskatchewan Ltd. for CAD 2.9 million.

Second quarter 2021 earnings released: CA$0.30 loss per share (vs CA$0.34 loss in 2Q 2020)

High Tide Inc. (TSXV:HITI) completed the acquisition of a 80% stake in Fab Nutrition, LLC.

High Tide Inc. (TSXV:HITI) entered into a definitive agreement to acquire Fab Nutrition, LLC for $20.64 million.

High Tide Inc. (TSXV:HITI) acquired Canna Cabana retail cannabis store in Toronto, Ontario.

First quarter 2021 earnings released

High Tide Inc. Announces Promotion of Aman Sood to the Position of Chief Operating Officer

Revenue beats expectations

Full year 2020 earnings released

High Tide Inc. has completed a Composite Units Offering in the amount of CAD 20 million.

High Tide Inc. to Report Q4, 2020 Results on Mar 01, 2021

New 90-day high: €0.49

High Tide Inc. (TSXV:HITI) entered into a definitive agreement to acquire Smoke Cartel, Inc. (OTCPK:SMKC) for $6.5 million.

New 90-day high: €0.21

High Tide Appoints Andrea Elliott as Independent Director

High Tide Inc. (CNSX:HITI) completed the acquisition of Meta Growth Corp. (TSXV:META).

High Tide Inc. Approves Election of Binyomin Posen as Director

High Tide Inc. (CNSX:HITI) entered into an agreement to acquire Meta Growth Corp. (TSXV:META) for CAD 30.7 million.

Namaste Technologies in Collaboration with High Tide Announces Entrance into the Direct-to-Consumer Recreational Cannabis Market at CannMart.com using its Proprietary VendorLink Marketplace