HITI - High Tide Reports 14th Straight Quarter Of Positive Adjusted EBITDA Q3 Results Best In History CEO Says | Benzinga
High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) reported its third-quarter earnings results Thursday for the three months ended July 31.
Raj Grover, president and CEO of the Canadian cannabis retailer, called the quarter "the best in High Tide's history."
"Through our laser-focused execution, we continue to prove the strength of our innovative discount club model, which, in our opinion, is the best cannabis retail concept in the country," he said.
Grover spoke at this year's Benzinga event in Miami about cannabis and the future of retail. The Benzinga Cannabis Capital Conference returns to Chicago on September 27-28.
Q3 2023 Financial Highlights
- Revenue increased to CA$124.4 million ($91.7 million) compared to $95.4 million during the same period in 2022, representing a year-over-year increase of 30% and 5% sequentially.
- Gross profit rose to CA$34.6 million compared to CA$25.8 million during the same period in 2022, an increase of 34% year-over-year and 10% quarter-over-quarter.
- Gross profit margin was ...