Subscribe
Be the first with the news that moves the market- According to data released by New Cannabis Ventures, High Tide (HITI) is now Canada’s top revenue-generating cannabis company
- The company’s second Canna Cabana retail cannabis store in Windsor, Ontario, has begun selling recreational cannabis products and consumption accessories for adult use
- This opening marks High Tide’s 142nd Canna Cabana branded retail cannabis location in Canada and is the 44th location in Ontario
- High Tide is a leading retail-focused cannabis company with bricks-and-mortar and global e-commerce assets
- High Tide Inc. (HITI) opened trading at C$2.53
High Tide (HITI) announced that according to data released by New Cannabis Ventures, the company is now Canada’s top revenue-generating cannabis company.
Raj Grover, President and Chief Executive Officer of High Tide, commented on the news.
“Since going public, we’ve continuously been a leader in Canadian retail cannabis. According to New Cannabis Ventures, we are now the highest Canadian revenue-generating cannabis company across all three verticals of retail, extraction and growing. High Tide was amongst Canada’s top growing companies as ranked by the Globe and Mail’s Report on Business Magazine in both 2021 and 2022, reaching a ranking of 21 out of 430 in 2022. This exponential growth was all accomplished without having more than 29 million dollars in our bank at any given time.”
“We see plenty of opportunities in Canada, the U.S. and internationally in 2023 and beyond as we continue this strong momentum to further increase our top line significantly. This growth will come from ongoing bricks-and-mortar expansion in Canada as well as our new and existing e-commerce platforms facilitating the sales of consumption accessories and hemp-derived CBD products. Our continued focus on operational execution is something that I believe can set us up to be amongst the highest revenue-generating companies in all of cannabis,” he added.
The company also announced that its second Canna Cabana retail cannabis store in Windsor, Ontario, has begun selling recreational cannabis products and consumption accessories for adult use. This opening marks High Tide’s 142nd Canna Cabana branded retail cannabis location in Canada and is the 44th location in Ontario.
High Tide is a leading retail-focused cannabis company with bricks-and-mortar and global e-commerce assets.
High Tide Inc. (HITI) opened trading at C$2.53.
