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Second-Largest Cannabis Retailer In North America Reports Record Revenue, Adjusted EBITDA In Q1

Benzinga ·  Mar 16 04:23

High Tide Inc.(NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA) released itsfinancial results on Friday for the first fiscal quarter of 2024 ended January 31, 2024,revealing an8% year-over-year and 1% sequential increase in revenue to CA$128.1 million ($94.9 million).

The Canadian cannabis retail giant also reported abreakeven net incomewith fully diluted earnings per share of CA$0.00 during the period, versus CA$(0.05) in the first fiscal quarter of 2023.

Raj Grover, founder and CEO of High Tide said reaching break-even net income in the first quarter represents "a critical milestone in our ongoing corporate trajectory and is a rarity in the global...

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