High Tide Reports $34.5M Cash Position, Sells 1,400 Shares In Q2, Expands Cannabis Footprint
High Tide Reports $34.5M Cash Position, Sells 1,400 Shares In Q2, Expands Cannabis Footprint
High Tide Inc. (NASDAQ:HITI) indicators, particularly the sustained positive free cash flow and improvement in net income, suggest a financial recovery and enhanced investment appeal, signaling potential value for investors. High Tide reported $9.4 million in free cash flow for the second fiscal quarter 2024.
High Tide Inc.（納斯達克股票代碼：HITI）的因子，特別是持續穩定的自由現金流和淨利潤的改善，表明金融恢復和投資吸引力的提高，爲投資者帶來潛在價值。High Tide公司報告二○二四財年第二季度實現了940萬美元的自由現金流。
The trailing free cash flow yield relative to the company's enterprise value exceeded 8%. Net income for the quarter was $0.2 million, marking a significant improvement from a $1.6 million loss year-over-year.
相對於該公司的企業價值，追蹤自由現金流產生的收益率超過了8%。該季度的淨利潤爲200,000美元，相較於去年同期的1.6百萬美元虧損顯著改善。
This means that the company is generating a high cash rate compared to its overall market value.
這意味着該公司產生的現金比其整體市值高。
Revenue And Profitability
營收和盈利能力
Revenue for the quarter increased by 5% to $124.3 million, with gross profit reaching $35.3 million, a 12% increase from the previous year.
該季度營業收入增長5%，達到1.243億美元，毛利潤達到3,530萬美元，較上一年增長12%。
Adjusted EBITDA for the quarter was $10 million, representing a 52% increase year-over-year. The adjusted EBITDA margin was consistent sequentially at 8.1%.
該季度調整後的EBITDA爲1,000萬美元，同比增長52%。調整後的EBITDA毛利率在順序上保持不變，爲8.1%。
"Our team has delivered positive net income and a record-breaking $22.7 million in free cash flow over the past four quarters," said Raj Grover, founder and CEO of High Tide.
High Tide的創始人兼首席執行官Raj Grover表示：“我們的團隊在過去的四個季度中實現了淨利潤和創紀錄的2,270萬美元自由現金流。”
"We managed to grow our store count and increase our Canadian market share to 10.9%. We remain the second largest global cannabis retailer by store count and have ended the quarter with a record cash position of $34.5 million while setting a target to open up to 30 new stores by year-end," Grover continued.
Grover繼續表示：“我們增加了店鋪數量並將加拿大市場份額提高至10.9%。我們仍然是全球第二大大麻零售商，店鋪總數達到創紀錄的現金34.5百萬美元，同時設定目標，計劃在年底之前開設30家新店。”
Strategic Developments
戰略發展
The quarter saw the opening of new Canna Cabana locations and the acquisition of intellectual property from the Queen of Bud brand. High Tide completed the acquisition of the remaining interest in NuLeaf Naturals, LLC, aligning with its growth strategy, which includes plans to open 20-30 new locations by year-end.
該季度新開了Canna Cabana門店並收購了Queen of Bud品牌的知識產權。High Tide完成了對NuLeaf Naturals公司剩餘利益的收購，與其增長策略保持一致，該策略包括計劃在年底之前開設20-30家新門店。
Membership in the Cabana Club loyalty program increased to over 1.43 million, a 38% rise year-over-year. ELITE membership grew to 44,000, a 226% increase.
Cabana Club忠誠度計劃的會員增加了超過143萬，同比增長38%。ELITE會員增長到44,000人，同比上漲226%。
Market share in Alberta and Ontario was 20% and 10% respectively, with an overall market share of 10.9% across the provinces where it operates.
在阿爾伯塔和安大略省的市場份額分別爲20%和10%，在其經營的省份中，總市場份額爲10.9%。
High Tide plans further expansion through organic growth and potential mergers and acquisitions, supported by a strong cash position of $34.5 million.
High Tide計劃通過有機增長和潛在的合併和收購進一步擴張，支持其強大的3,450萬美元現金地位。
Equity Offering
權益發行
High Tide Inc. issued 1,400 common shares under its at-the-market equity offering program (ATM Program) during the second fiscal quarter of 2024, raising $3 thousand across the TSX Venture Exchange and Nasdaq, with nominal commissions paid to ATB Capital Markets Inc. and ATB Capital Markets USA Inc.
High Tide Inc.在第二個財季的市場交易股票發行計劃中(AITM計劃)發行了1,400股普通股，在TSX Venture Exchange和納斯達克共籌集了3000美元，並支付了名義佣金給ATB Capital Markets Inc.和ATB Capital Markets USA Inc.。
The net proceeds from the ATM Program are intended to fund strategic initiatives, support operational growth, finance future acquisitions, and cover general corporate expenses.
AITM計劃的淨收益將用於資助戰略計劃、支持運營增長、爲未來的收購提供融資和支付一般公司開支。
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Photo: AI-Generated Image.
照片：AI生成的圖像。
譯文內容由第三人軟體翻譯。