TD Securities initiated coverage of High Tide Inc. (HITI) with a Buy rating and C$6.50 price target, naming it their top cannabis pick due to strong market share, sales growth, and a rapidly expanding loyalty program. The company recently opened a new Canna Cabana location, bringing its total to 219 stores across Canada. High Tide operates in retail, e-commerce, and medical cannabis distribution, and is held by 10 hedge funds.
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High Tide Inc. (HITI) Earns C$6.50 Target on Market Share Leadership
TD Securities initiated coverage of High Tide Inc. (HITI) with a Buy rating and C$6.50 price target, naming it their top cannabis pick due to strong market share, sales growth, and a rapidly expanding loyalty program. The company recently opened a new Canna Cabana location, bringing its total to 219 stores across Canada. High Tide operates in retail, e-commerce, and medical cannabis distribution, and is held by 10 hedge funds.