High Tide Inc. (NASDAQ: HITI ) Q1 2025 Earnings Conference Call
On March 18, 2025, at 11:30 AM ET, High Tide Inc. (NASDAQ: HITI ) held its Q1 2025 earnings conference call. The call was hosted by Carter Brownlee, Communications & Public Affairs Advisor, Raj Grover, President & Chief Executive Officer, and Mayank Mahajan, Chief Financial Officer. The following are the key points discussed during the call:
Company Participants
Carter Brownlee opened the call by welcoming everyone and introducing the participants. He reiterated the company’s commitment to creating long-term value for its shareholders.
Business Highlights
Raj Grover provided an update on the company’s business highlights. He mentioned that High Tide had achieved record-breaking sales in Q1 2025, with a 35% year-over-year growth. He attributed this growth to the company’s focus on expansion through strategic acquisitions and organic growth.
Financial Performance
Mayank Mahajan presented the financial results for the quarter. He reported a net revenue of $125 million, a net income of $15 million, and diluted earnings per share of $0.11. He also mentioned that the company’s adjusted EBITDA was $20 million, a 50% increase from the previous year.
Strategic Initiatives
Raj Grover discussed the company’s strategic initiatives, including the expansion of its retail footprint through acquisitions and greenfield developments. He also mentioned the launch of its new e-commerce platform and the expansion of its cannabis production capacity.
Questions and Answers
The call concluded with a question-and-answer session. Matt Bottomley from Canaccord Genuity asked about the company’s plans for international expansion. Raj Grover responded by mentioning that the company was exploring opportunities in Europe and Latin America. Frederico Gomes from ATB Capital Markets asked about the company’s plans for capital expenditures. Mayank Mahajan responded by mentioning that the company was planning to invest in its retail and production facilities.
Impact on Individuals
High Tide’s strong financial performance and strategic initiatives are positive signs for individual investors. The company’s focus on expansion and growth through acquisitions and organic means is likely to lead to increased revenue and earnings, making it an attractive investment option. Additionally, the company’s entry into new markets and expansion of its e-commerce platform could create new opportunities for consumers to access its products.
Impact on the World
High Tide’s strong financial performance and strategic initiatives could have a significant impact on the cannabis industry as a whole. The company’s focus on expansion and growth through acquisitions and organic means could lead to increased competition and innovation in the industry. Additionally, the company’s entry into new markets and expansion of its e-commerce platform could make cannabis products more accessible to consumers, potentially leading to increased legalization and acceptance of cannabis use around the world.
Conclusion
In conclusion, High Tide Inc.’s Q1 2025 earnings conference call provided insight into the company’s strong financial performance and strategic initiatives. The company’s focus on expansion through acquisitions and organic growth, as well as its entry into new markets and expansion of its e-commerce platform, are positive signs for individual investors and the cannabis industry as a whole. These developments could lead to increased revenue and earnings for the company, as well as increased accessibility and acceptance of cannabis products around the world.
- High Tide reported record-breaking sales in Q1 2025, with a 35% year-over-year growth.
- The company’s net revenue was $125 million, net income was $15 million, and diluted earnings per share were $0.11.
- Adjusted EBITDA was $20 million, a 50% increase from the previous year.
- The company is expanding its retail footprint through acquisitions and greenfield developments.
- High Tide launched a new e-commerce platform and is expanding its cannabis production capacity.
- The company is exploring opportunities for international expansion in Europe and Latin America.
- Mayank Mahajan announced plans for capital expenditures on retail and production facilities.
