Business
High Tide Makes the Report on Business Annual Ranking of Canada's Top Growing Companies for Fourth Consecutive Year
High Tide Makes the Report on Business Annual Ranking of Canada's Top Growing Companies for Fourt...
About this update from High Tide, Inc.
[{"type":"text","content":"\n\n\n\n High Tide Makes the Report on Business Annual Ranking of Canada's Top Growing Companies for Fourth Consecutive Year\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n The Company Placed 87th out of 417 Companies, With a Three-Year Growth Rate of 486%\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Sept. 26, 2024\n \n\n /CNW/ - High Tide Inc. (\"\n \n High Tide\n \n \" or the\n \n \"Company\n \n \") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it placed No. 87 out of 417 companies listed on the 2024 Report on Business ranking of\n \n Canada's\n \n Top Growing Companies, with a three-year revenue growth rate of 486%.\n \n\n\n\n\n\n\n\n\n This follows the Company's 2023 ranking of 38th out of 425 companies, with a three-year growth rate of 1,040%.\n \n\n \"For the fourth consecutive year,\n \n Canada's\n \n business magazine of record, the Report on Business, has named High Tide as one of\n \n Canada's\n \n Top Growing Companies. Placing 87th out of 417 companies is a testament to our innovative and disruptive retail model and our team's laser-focused execution. Thanks to our operational outperformance, our aggressive top-line growth is being translated into free cash flow generation, helping us fuel the build-out of our stores and is reflected in reaching 12% market share in the five provinces where we operate,\" said Raj Grover, Founder and Chief Executive Officer of High Tide.\n \n\n \"I'm also very pleased that our annualized run rate now exceeds\n \n $525 million\n \n , with our net income reaching\n \n $0.8 million\n \n last quarter. I look forward to our Company continuing to break revenue records as we work to enter, navigate and build our presence in potential emerging legal cannabis markets such as\n \n Germany\n \n , the US and beyond. A huge thanks goes out to the High Tide team for setting new standards and reaching new heights within our ever-evolving and rapidly...