Financial Snapshot

Revenue
$503.8M
TTM
Gross Margin
27.57%
TTM
Net Earnings
-$34.02M
TTM
Current Assets
$72.38M
Q2 2024
Current Liabilities
$61.82M
Q2 2024
Current Ratio
117.08%
Q2 2024
Total Assets
$234.5M
Q2 2024
Total Liabilities
$94.70M
Q2 2024
Book Value
$139.8M
Q2 2024
Cash
$34.54M
Q2 2024
P/E
-6.291
Nov 29, 2024 EST
Free Cash Flow
$29.30M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $487.7M $356.9M $181.1M $83.27M $31.29M $8.749M $9.993M
YoY Change 36.66% 97.02% 117.53% 166.07% 257.7% -12.45%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $487.7M $356.9M $181.1M $83.27M $31.29M $8.749M $9.993M
Cost Of Revenue $356.4M $255.9M $117.1M $52.45M $19.98M $5.639M $5.286M
Gross Profit $131.3M $101.0M $63.98M $30.81M $11.32M $3.110M $4.708M
Gross Profit Margin 26.93% 28.29% 35.33% 37.0% 36.16% 35.54% 47.11%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $101.2M $90.90M $54.27M $22.64M $29.47M $6.618M $3.582M
YoY Change 11.35% 67.49% 139.69% -23.16% 345.24% 84.76%
% of Gross Profit 77.08% 90.04% 84.82% 73.48% 260.38% 212.81% 76.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.76M $30.17M $23.57M $6.798M $1.401M $85.82K $28.29K
YoY Change 8.59% 28.02% 246.65% 385.22% 1532.49% 203.36%
% of Gross Profit 24.95% 29.88% 36.83% 22.06% 12.38% 2.76% 0.6%
Operating Expenses $134.0M $121.1M $77.83M $29.44M $30.87M $6.704M $3.610M
YoY Change 10.66% 55.54% 164.39% -4.62% 360.44% 85.69%
Operating Profit -$2.661M -$20.11M -$13.85M $1.373M -$19.55M -$3.594M $1.098M
YoY Change -86.77% 45.22% -1108.74% -107.02% 443.97% -427.44%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$9.024M -$250.0K -$18.16M -$7.873M -$2.619M -$48.86K -$255.2K
YoY Change 3509.6% -98.62% 130.6% 200.61% 5260.21% -80.86%
% of Operating Profit -573.42% -23.25%
Other Income/Expense, Net -$2.646M -$4.603M -$4.892M -$1.908M -$140.0K -$1.894M $0.00
YoY Change -42.52% -5.91% 156.39% 1262.86% -92.61%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$48.60M -$73.76M -$35.77M -$6.125M -$27.00M -$6.028M $561.4K
YoY Change -34.12% 106.23% 483.95% -77.31% 347.94% -1173.7%
Income Tax -$7.644M -$2.915M -$730.0K $229.0K -$708.0K -$1.495M $265.1K
% Of Pretax Income 47.22%
Net Earnings -$39.31M -$71.76M -$35.72M -$6.968M -$26.13M -$4.520M $296.3K
YoY Change -45.22% 100.9% 412.59% -73.33% 478.04% -1625.28%
Net Earnings / Revenue -8.06% -20.11% -19.72% -8.37% -83.49% -51.66% 2.97%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.53 -$1.14 -$841.8K -$456.4K -$1.977M -$632.3K $23.58K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $30.26M $25.28M $14.87M $7.574M $856.0K $8.198M $1.765M
YoY Change 19.71% 69.95% 96.38% 784.81% -89.56% 364.39%
Cash & Equivalents $25.08M $14.01M $7.524M $806.0K $8.198M $1.067M
Short-Term Investments $141.0K $195.0K $860.0K $50.00K $50.00K $0.00 $697.9K
Other Short-Term Assets $4.836M $7.167M $6.919M $3.070M $2.518M $4.931M $232.5K
YoY Change -32.52% 3.58% 125.37% 21.92% -48.93% 2020.88%
Inventory $25.97M $23.41M $17.04M $5.702M $6.719M $3.463M $3.543M
Prepaid Expenses
Receivables $7.471M $7.916M $6.494M $2.673M $2.385M $855.2K $1.710M
Other Receivables $102.0K $284.0K $958.0K $262.0K $261.0K $62.30K $3.200M
Total Short-Term Assets $68.65M $64.06M $46.29M $19.28M $12.74M $17.51M $10.45M
YoY Change 7.16% 38.4% 140.07% 51.35% -27.25% 67.55%
Property, Plant & Equipment $57.79M $62.00M $52.74M $29.50M $12.38M $3.598M $101.3K
YoY Change -6.8% 17.56% 78.8% 138.23% 244.11% 3453.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.307M $2.988M $1.681M $1.059M $2.570M $3.174M $479.2K
YoY Change 10.68% 77.75% 58.73% -58.79% -19.04% 562.36%
Total Long-Term Assets $164.8M $210.7M $199.9M $50.53M $28.00M $8.413M $662.4K
YoY Change -21.8% 5.38% 295.66% 80.44% 232.87% 1170.03%
Total Assets $233.4M $274.7M $246.2M $69.81M $40.74M $25.92M $11.11M
YoY Change
Accounts Payable $8.353M $7.670M $18.53M $6.421M $4.402M $2.515M $798.9K
YoY Change 8.9% -58.61% 188.62% 45.87% 75.04% 214.79%
Accrued Expenses $10.92M $15.36M
YoY Change -28.94%
Deferred Revenue
YoY Change
Short-Term Debt $16.14M $16.39M $0.00 $0.00 $701.0K $36.17K $609.9K
YoY Change -1.54% -100.0% 1838.07% -94.07%
Long-Term Debt Due $16.06M $10.33M $12.28M $18.58M $3.576M $6.130K $32.91K
YoY Change 55.53% -15.89% -33.93% 419.55% 58236.05% -81.37%
Total Short-Term Liabilities $58.14M $59.94M $40.79M $27.46M $10.80M $2.590M $20.75M
YoY Change -3.01% 46.96% 48.51% 154.3% 317.03% -87.52%
Long-Term Debt $40.33M $43.17M $43.15M $28.39M $19.74M $17.31K $21.83K
YoY Change -6.57% 0.03% 52.03% 43.82% 113920.8% -20.71%
Other Long-Term Liabilities $0.00 $1.693M $53.00K $89.00K
YoY Change -100.0% 3094.34% -40.45%
Total Long-Term Liabilities $40.33M $43.17M $44.85M $28.44M $19.83M $17.31K $21.83K
YoY Change -6.57% -3.75% 57.7% 43.44% 114434.95% -20.71%
Total Liabilities $101.8M $118.4M $99.01M $59.64M $31.16M $2.594M $20.77M
YoY Change -13.98% 19.58% 66.01% 91.42% 1101.0% -87.51%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $213.99 Million

About High Tide Inc.

High Tide, Inc. is a retail-focused cannabis company, which engages in the manufacture and distribution of consumption accessories. The company is headquartered in Calgary, Alberta. The company went IPO on 2018-12-17. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.

Industry: Retail-Retail Stores, NEC Peers: Milestone Pharmaceuticals Inc.